Operational Risk Assessment

You must protect your business

To understand and control risk you must evaluate all threats to your business. Gaps in your analysis will lead to operational losses.

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The WolfPAC® Operations risk assessment will allow you to document risk profiles across product, service, operating unit and business function. The assessment guides you through an evaluation of all relevant threats and controls to assign a risk rating for each aspect of operations.

With WolfPAC® Operational risk assessments you can:

  • Document the processes in place to deliver products and services
  • Establish an internal audit plan
  • Optimize spending on the audit function
  • Correlate recovery time objectives in your business continuity plan
  • Build a strong foundation for financial reporting control assessment
  • Generate robust reports for management, board members and examiners

Don't let your hard work
go to waste

WolfPAC® modules work together. For example, risk ratings from the Operational risk assessment are automatically stored in WolfPAC® for use with the Enterprise risk assessment. The IT risk assessment results are pre-populated into the Operational risk assessment. The result is efficiency, cost savings and consistency across the entire risk management process.

Smart. Simple. Systematic.

LEARN MORE

Download the Operational Risk Product Sheet

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What Our Clients Are Saying

The Operational risk assessment allowed us to evaluate the operational and financial risks and controls for all our business processes.

Paul F. Reardon
Torrington Savings Bank
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