Consulting & Analytics
One of the leading banks in Middle East needed to implement Operational Risk Framework to strengthen its risk management and to meet Basel II and Central Bank UAE requirements.
End to end operational risk framework was designed and implemented as per Basel II recommendations, Central Bank regulations and international best practices which included operational risk framework strategy, policies and procedures, methodology, risk & control, self-assessment (RCSA) Key Risk Indicators (KRIs) monitoring and collection of operational losses and exposure tracking across all business groups and support functions, as per requirements of operational risk Advance Measurement Approach (AMA).
After implementation of this framework, the Bank met the Basel II and Central Bank regulations, risk management was improved, risks awareness was created at the staff level and controls were embedded at each process level.
One of the leading Middle East banks needed to implement Operational Risk System in order to automate their risk assessment, reporting and database. Prior to the system implementation; all operational risk assessments, risk monitoring and loss reporting was done on Microsoft Excel and Word documents, causing inaccuracy, inconsistency and delays in reporting as well as loss of data. There was no comprehensive risk profiling.
In order to build credible operational risk framework, comprehensive system was implemented and end to end process of risk assessment, KRIs monitoring and loss reporting was automated.
Furthermore, risk assessment, risk and loss reporting become more efficient and timely. Credible risk repository and loss database was created and bank was able to create scenarios and calculation of operational risk capital charge.
Human Resources
Our client, a global manufacturing concern, wanted to improve theirYoung Managers’ English language skills as well as theirsoft skills. Based on the expectations of the company, we put together a course of 6 seminars that were to be taught by English speakers at the company’s head office over a period of 2 years. Each seminar represents between 20 to 30 hours of teaching time and a final written exam. The English proficiency is tested by TOEIC before and after each seminar. The client has been pleased with the progress of their young managers’ skills and rewards those that successfully complete the seminar with an international secondment. The program is now in its 5th year of running.