June 05, 2014|Palo Alto, California: MetricStream, a market leader in Governance, Risk, and Compliance (GRC) Management solutions, will co-sponsor and participate at the 16th Annual OpRisk conference held in London from June 9-12, 2014. Brenda Boultwood, Senior Vice President of GRC Solutions at MetricStream will moderate a panel discussion titled, ‘Integrating OpRisk into ERM framework’. MetricStream will also share and showcase its advanced OpRisk and regulation strategies and solutions for banks and financial institutions at the event. 

Mounting regulatory pressure, stringent federal laws, new compliance obligations, rising customer and stakeholders expectation, increased reliance on third party vendors, and a volatile business landscape has urged banking and financial institutions to embrace a more comprehensive and proactive operational risk management strategy in order to achieve their business goals. Operational Risk has always been a key area of focus for any financial services organizations. Changes in technology, and challenges in the areas of third party vendors, cyber threats, corruption, and failed processes have required banking institutions to become more conscious of their own operational risk management program. To effectively manage their oftentimes fluctuating risk profile, and to avoid reputational risks, organizations are implementing a more robust Operational Risk Management (ORM) framework that integrates core business operations and processes with various risk and compliance initiatives. 

During this four day event, Dr. Boultwood will moderate a panel discussion with distinguished speakers from leading banks, who will share their ideas on the significance of Operational Risk in ERM and the best ways to implement stronger controls and reduce complexity by communicating the OpRisk appetite across the organization. Attendees at this event will also have a chance to meet senior OpRisk practitioners and regulators from across the globe and discuss the latest trends and developments in operational risk methodologies. 

MetricStream’s ORM solution helps organizations detect existing and potential risks through Risk Control Self-Assessment (RCSA) capabilities, loss tracking, and Key Risk Indicators (KRIs). MetricStream’s solution, which won accolades as ‘Top ranked GRC offering - 2014,’ offers a centralized framework providing real-time information on the organization’s risk profile, controls, assessment plans, and the status of corrective actions.

To learn more about the event, click here.

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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