May 09, 2014 | Palo Alto, California: MetricStream, a market leader in enterprise-wide Governance, Risk, and Compliance (GRC) solutions, will participate in a panel discussion on ‘Implementing an Effective Enterprise-Wide Operational Risk Framework’ at the 3rd Annual Risk & Regulation Conference organized by the Centre of Financial Professionals in New York City from May 12-13, 2014. Distinguished financial risk experts from leading organizations will convene at the event to discuss the latest risk management developments. Brenda Boultwood, SVP of GRC Solutions at MetricStream will share advice on the tools and techniques required to effectively embed operational risk into the overall management of risk and control. MetricStream will also showcase its integrated ORM software solution at the two day conference.

In the wake of the recent financial meltdown, enterprises across the globe have become aware of the consequences of an outdated risk management system. Before the implementation of Sarbanes-Oxley Act, companies were treating risks in silos, which not resulted in high compliance costs, as well as increased their chances of exposure to existing and emerging risks. A siloed approach also caused a breakdown of internal communication systems within an organization, resulting in hefty penalties and reputational risks due to non-compliance. Unprecedented losses, intense scrutiny from regulatory bodies, and the pressing responsibility to protect brand value has necessitated the need for a strong Operational Risk Management (ORM) framework to identify and mitigate risks. An effective ORM program brings the entire gamut of risks under one vault and creates an end-to-end risk management process.

At this two-day event, Ms. Boultwood will address the issues related to day-to-day operational risks and will highlight ways to define a systematic approach for the practical management of operational risk. The session will also shed light on addressing the significance of an effective enterprise-wide operational risk framework in an organization. She will also chair the OpRisk track on day 2 - May 13th, 2014. Participants at this event will also have a chance to meet senior risk professionals and will gain insights into the latest techniques and methods available to strengthen risk management strategies and combat potential risks.

MetricStream’s holistic Operational Risk Management solutions are designed for timely detection, quantification and alleviation of new and emerging risks. MetricStream’s solution, which won accolades as ‘Top Ranked GRC Offering - 2014,’ improves transparency in business processes and creates risk awareness throughout the organization.

To learn more about the event click here.

About MetricStream

MetricStream, the independent market leader in enterprise and cloud applications for Governance, Risk, Compliance (GRC) and Quality Management, makes GRC simple. MetricStream apps improve business performance by strengthening risk management, corporate governance, regulatory compliance, vendor governance, and quality management for hundreds of thousands of users in dozens of industries, including Financial Services, Healthcare, Life Sciences, Energy and Utilities, Food, Retail, CPG, Government, Hi-Tech and Manufacturing. MetricStream is headquartered in Palo Alto, California, with an operations and R&D center in Bangalore, India, and sales and operations support in 12 other cities globally. (www.metricstream.com).

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Molly Palm : pr@metricstream.com | (925) 451-1468

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