TESM Operational Risk Register
Provide real-time operational risk data to defend your organisation
Part of the TESM pre-built GRC suite
Why do you need the TESM Operational Risk Register?
ServiceNow® handles scheduled risk very well, but not ad-hoc risks. TESM’s Operational Risk Register reduces the time required to track risk events in ServiceNow®. It provides this functionality immediately, without the need to customise the GRC module to include it. The application is scoped and therefore very simple to maintain and upgrade.
Additional benefits include:
- Using operational risks to enhance your risk framework helping you to find missing areas of risk modelling
- Preventing pollution of your risk framework with unnecessary, inaccurate risks or issues
- Delegation of operational risk tasks for faster mitigation of risk
- Improvement of service owner situational awareness by allowing them to link services to operational risks
- Validation of risk scores using real and events
- Recording and quantification of financial services loss events
Features and capability
The TESM Operational Risk Register allows users to:
- Log and triage dynamic, ad-hoc operational risk events
- Process and aggregate financial loss events by service, with the ability to handle recovered losses
- Use pre-built analytics and reports to measure risk events
- Link operational risk to your enterprise risk framework
- Promote events to risks or issues when required
- Link recurring events together to aggregate data
- Gather event data for other business areas in near real-time
- Log GDPR data breaches directly from the Operational Risk Register
- Create delegated operational risk tasks for faster risk mitigation
- Operational risk portal access for internal and external users
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