Assessing risks in a business and mitigating them with our innovative and customized products has been a passion. Today, ROCSYS hardware, software and application service offerings are used to create secure network solutions that allow individuals and companies to increase productivity, improve customer satisfaction and strengthen competitive advantage.

In line with our expertise in security systems, a major area of Operational Risk, the company has been engaged in developing Operational Risk Management solution applicable to banks and other organizations, as per Basel II / SOX guidelines. The need for Operational risk identification, measurement, monitoring and control, in every organization, especially in banks (for that matter any enterprise), has become more pronounced in the recent times and some of the driving factors are:

Key features of our offering:

> Clearly defined internal business, support lines and mapping them with Basel II norms (for banks).
> Identifying and enlisting Operational Risk Sources in various products and processes associated with each business and support line.
> Identifying Key Risk Events relating to each Operational Risk Source and assigning responsibilities for monitoring the events through Job descriptions.
> Forecasting Loss events if the Key Risk Events are not monitored properly as per assigned Job descriptions.
> Setting up Key Control Standards for each Key Risk Event in line with internal Operational procedures.
> Defining Key Risk Indicators for each Key Risk Event and monitoring the direction of risk by capturing the data from various software systems operating
in the organization through ETL technology and setting up escalation process by an alert mechanism.