Operational Risk Management
Continuously monitor risk and controls to minimize loss. Understand and manage cross-domain risk using enterprise-wide data and flexible assessments.
Benefits of Operational Risk Management
Features of Operational Risk Management
Risk self-assessment
Evaluate inherent risk, assess control mitigation effectiveness, and monitor residual risk.
Control assurance/testing
Document controls test plans and assess validity using selected samples and a central repository.
Continuous monitoring
Collect risk and control indicator data across the Now Platform® and send automatic notifications.
Incident and loss capture
Record and track incidents and near misses—monetary loss, root cause, and remedial action plans.
Additional features
Resources
Operational Risk Management is available with GRC
Operational Risk Management is available with Governance, Risk, and Compliance. Connect security and IT with an integrated risk management program.
