Operational Risk Model

The elanev Operational Risk Scenario Model is:

  • Regulatory cognisant –  We have presented the model to the leading regulators and the underlying approach has passed regulatory scrutiny at leading institutions.
  • Industry benchmarked – Leading firms are using our modelling service, benefiting from our wide industry experience and strong industry contacts.
  • Expert based – Our team has over 17 years industry experience working with leading institutions in operational risk.
  • Easy to use – Our clients find our secure cloud based real-time service easy to use giving them, and you, unlimited access without the prohibitive price tag.

Apply regulatory approved approaches to your scenario analysis results to quantify your operational risk capital. Benchmark to the industry and external data analysis.

Forward Looking

Operational risk is intrinsic in any business. It can give rise to loss through the actions of staff as well as manifesting itself through weaknesses in systems and processes and through external events. Operational risk is also inherently difficult to measure. Historic internal data may be sparse or aged and external data may have limited applicability. To provide a forward-looking view that seeks to alleviate these data issues, organisations have adopted a process called ‘Scenario Analysis’. This can provide an understanding of the nature of the most significant risks faced and provide a mechanism through which the frequency and severities of associated events can be estimated.

Cloud based real time analytic solutions for Purchasers, Sellers and Business and Risk Managers.

Industry Benchmarked

To ensure the continued operation of the institution under such events the industry is increasingly turning to statistical methods, such as those employed by elanev, to link scenario outputs to capital provision. Such techniques are used to extrapolate the scenario outcomes to quantify the low frequency, high impact nature of operational risk to confidence levels associated with holding sufficient capital.

The elanev approach has been purposely developed with the aim of being suitable to most users. Should bespoke support be required this is provided though consultancy.