April 25, 2012 | Palo Alto, California: MetricStream, the market leader in enterprise-wide Governance, Risk and Compliance (GRC) solutions announced their participation at the RMA GCOR conference that will be held at Boston on April 25-26, 2012. MetricStream’s Vice President of Industry Solutions, Susan Palm will speak on ‘Rethinking OpRisk Management’. The session will focus on the challenges in the traditional approach to operational risk management and bring out strategies for building a next-generation operational risk management framework.

The conference will feature industry practitioners who will speak about the complex challenges faced by organizations today and they can steer through the challenges. Emerging compliance norms, increasing fraudulent foreclosures and cyber security risks, have compelled Operational Risk professionals to upgrade their risk management framework to a more effective one. Recent events such as rogue trading and robo-signing issues, reputational risks, and risks posed by the social media have forced risk officers to re-evaluate and re-work their operational risk management framework.

MetricStream’s Operational Risk Management Solution provides a comprehensive and advanced centralized risk framework to document, analyze and monitor all risks confronting an organization. Built on an enterprise-wide integrated platform, the solution breaks down organizational silos, facilitating transparency, and streamlining the risk management processes across the enterprise. The key risk indicators (KRIs) provide capabilities for tracking risk metrics and thresholds, with automated notification when thresholds are breached. The solution also provides real-time risk intelligence, in addition to powerful tools such as configurable risk calculators and risk heat maps, which help risk managers to make informed strategic decisions.

About MetricStream

MetricStream is the independent market leader in enterprise cloud applications for governance, risk, compliance (GRC), and quality management. MetricStream apps and software solutions improve business performance by strengthening risk management, corporate governance, regulatory compliance, audit management, vendor governance, and quality management for organizations across industries, including banking and financial services, health care, life sciences, energy and utilities, consumer brands, government, technology, and manufacturing. MetricStream is headquartered in Palo Alto, California, with an operations and GRC innovation center in Bengaluru, India, and sales and operations support in 12 other cities globally.(www.metricstream.com).

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