Building operations risk management

Objectives
The management of operational risks related to real-estate assets owned by the bank in 60 countries.

Requirements
The centralisation of data on all relevant incidents as they occur and results of  periodic inspections of all the buildings, together with the appropriate measures to be taken, their implementation and the tracking of results.

Major functions

1. Creation of the new database from data in existing databases and other files, after implementation of data analysis and verification of coherence to allow for the consolidation or distribution of the data to the level of detail required.

1. Updating of the database by using external data, in particular that relating to legally authorised  levels of delegation in each country. 

1. Fully automated email campaigns by the workflow management system.

Specific or aggregate reporting of all risks

1.  
   1. By type of risk
   2. By the gravity of the risk in financial terms
   3. By legal and regulatory classification
   4. In terms of prejudice to the image of the bank
   5. By volume and duration of the work involved in counter-measures

Advantages provided by the GRC Suite

1. The team responsible for BORM is enabled by the GRC Suite to perfect all the questionnaires applicable to each real-estate asset and to conduct surveys and analyses without recourse to the IT department.

1. The real-estate management of each subsidiary receives all the demands based on the same criteria, to which they can respond in their own time without prejudice to the accomplishment of their primary tasks.

1. The loss of time previously generated by the imperfect traceability of the data and the counter-measures applied has been reduced by the full automation of the upstream and downstream communications chain.

1. The full traceability of all data and events.

1.  
   • The economies created by the GRC Suite provided for a full return on investment in less than two financial years.

Back