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aCCelerate Operational Risk Solution
Chase Cooper LtdRoyal London House22-25 Finsbury SquareLondon EC2A 1DXTel: +44 20 3215 1022
www.chasecooper.com
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• A fully integrated solution:
Operational Risk are addressed from the qualitative (Framework and Policy) to the quantitative (Modelling)
• Purpose built:
Designed with a singular focus on operational risk; not adapted from existing software developed for another application
• Highly Configurable:
ORM requirements are addressed through front-end configuration, not customisation / back-end code changes
• Rapid Deployment :
Implementation typically counted in days, not months/years
• Highly Scalable:
Our licensing model allows clients to purchase any number of licenses; no minimum number required
aCCelerate Operational Risk Management system
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A selection of our clients
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Client Distribution – Geographic Reach
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Company Recognition
In 2010 Operational Risk & Regulation Magazine ranks Chase Cooper for the second year running
In top 5 ORM international software vendors 1st in the RCSA category Previously, 1st in 4 major consulting categories: Operational Risk consulting, ORM software selection and implementation, Enterprise wide compliance and risk management strategy, Basel II Consulting
Risk Magazine highly ranks Chase Cooper among top 4 operational risk management vendors, plus
1st overall in Loss Database2nd overall in RCSA & KRI2nd overall in Capital Calculation
From an initial pool of 39 vendors (15 selected), Chase Cooper was well placed in Gartner’s first Magic Quadrant for operational risk in June 2008. position maintained in 2009 Magic Quadrant
Recognition from leading industry analysts and experts
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aCCelerate Suite
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Process, Business Unit, Legal Entity, Location
Indicators
Modelling & Scenario Analysis (ECO / CFM)
Reporting
Action plans
Identify risk and control indicators
Specify risk appetite
Events
Action plans
Identify and capture internal and external losses
Analyse loss causes
Risk Control Assessment
Action plans
Identify risk and owner Assess severity and probability
Identify control and owner Assess design and performanceA
nalyser
Chase Cooper Enterprise-Wide Risk Management Framework
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aCCelerate Analyser – Business Structures
Australia US
Group
UK
ClaimsTreasury
…Middle OfficeFront Office
Underwriting
Dept 2Dept 1
Process 1
Process 2
Example Entity Hierarchy
Processes LocationsDepartments Legal Entity Business Line
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aCCelerate Analyser
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Entities
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Risk Appetite Matrices (RAMs)
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Risk Window
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Risk Query Tool
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Risk Query Tool Heat Map
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Risk Events Web Capture
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Case Studies
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GE Money
• Financial Services division of General Electric• Chose aCCelerate from rigorous selection process of available
systems worldwide• Global deployment to all GE Money entities, 35 countries, >1,000
users• From contracts signed to live in 6 months• Single integrated installation from London, accessed via internet
with appropriate user permissions• SaaS licensing model• Successful implementation
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Threadneedle Investments
• Chose aCCelerate from rigorous selection process of available systems worldwide
• Utilised Chase Cooper consultancy to create Risk Framework
• Won award for ‘Best Asset Management Op Risk Framework’ in 2006
• Implemented across the business
• Using modelling to analyse strategic risks and control optimisation, and to calculate regulatory capital
• Using system to pioneer loss causal analysis and loss reduction programme through process improvement
• Successful implementation
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Millennium BCP
• Chose aCCelerate from rigorous selection process of available systems worldwide
• Differing views of risk throughout group
• aCCelerate was only system on the market that enabled differing risk methodologies
• Implementation initially in 3 countries
• Planned-roll out to 12 countries in total
• Successful implementation
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• Phase 1: INSTALLATION
– Phase 1 is the physical installation of the software on the designated hardware.
• Phase 2: CONFIGURATION
– Phase 2 involves the configuration of aCCelerate to mirror your organisational structure, processes, policies, preferences etc.
• Phase 3: DATA UPLOAD
– Phase 3 involves the upload of existing risk data (risks, loss events, KRIs, users etc) into the aCCelerate solution.
• Phase 4: TRAINING
– Phase 4 is ‘Train-the-Trainer’ to a core group of risk management professionals, who will in turn deliver training to the broader user community.
Implementation
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• We provide an end-to-end solution that covers Operational Risk from Framework and Policy to Modelling
• Our operational risk software has been purpose built – not adapted from existing software developed for another application
• Your requirements are addressed through configuration, not customisation, resulting in rapid deployment
• Implementation typically counted in days, not months
• Our world-class software solutions are business-led to deliver tangible monetary benefits to our clients, beyond regulatory compliance
Summary