System and method for measuring and managing operational risk

Details System and method for measuring and managing operational risk System and method for measuring and managing operational risk

G - Physics

06

Q

G06Q 10/00 (2012.01) G06F 17/30 (2006.01) G06Q 40/00 (2012.01)

Patent

CA 2413573

According to one aspect of the invention, there is provided a method of modeling operational risk comprising the steps of: defining one or more reporting hierarchies, wherein said reporting hierarchies are composed of operational units; associating operational risk data to one or more of said operational units, wherein said operational risk data includes data associated with a plurality of first loss events; and calibrating a plurality of loss processes and a plurality of loss process attributes using said plurality of first loss events, wherein a plurality of loss processes are generated for use in at least one of risk management, operations management, and financial management.

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