Operational Risk Oversight

The role of Operational Risk oversight is to provide a decision making framework that is logical, robust and repeatable to govern an organisation’s operational risk management. In this way, an organisation will have a structured approach to make strategic and operational decisions about the management of operational risk.


Example Operational Risk Oversight Map

Op Risk


Governor enables you to draw maps of the Operational Risk framework structure and to define the objectives, risks, systems, etc. that are related to that structure. For each item you can define the people in charge and the approach for assessing status. Governor then enables you to gather metrics and other data and present it to the relevant people so that they can make informed decisions.

Key functions include:

  • Automatically pull metric data from other systems
  • Workflow enable the metric collection and status assessment process
  • Include commentary, discussions and attachments
  • Link items to any other items
  • Set thresholds for all risks and objectives
  • Tag risks and objectives with items such as: products, legal entities, risk types, committees, etc.
  • Filter views by tags, status, date, etc.
  • Drill through the map to understand cause and effect
  • See how the Operational Risk map looked at any date in the past
  • Set security so that people can only view/edit relevant parts of a map
  • Works on desktops and mobile devices