Operational Risk Management (ORM)

Business Savvy Solutions, LLC, strives to empower company leaders to understand the risk they take everyday while managing their business operations to successfully obtain their business objectives, while ensuring profitability and/or operational efficiency. Through the implementation of an operational risk management (ORM) program based on industry standards, company leaders will become better equipped to evaluate and provide oversight of operational risks resulting in financial loss, customer dissatisfaction, and/or regulatory compliance violations due to inadequate or failed internal processes and systems; human factors; or external events.

    Operational Risk Management (ORM) Services

    • Operational Risk Management (ORM) Program Leadership Training

      • Executive-level overview of the Operational Risk Management Program, to include ORM framework, risk taxonomy, and methodology to complete the risk management lifecycle

    • ORM Program Development and Implementation Consulting

      • Consulting services on the development of a custom designed ORM program, to include the identification of roles and responsibilities, ORM process design, ORM report development
      • Consulting services for the implementation of an ORM program, while serving as project manager to manage the oversight of the implementation and adoption of the newly implemented ORM program

    • ORM Program Maturity Assessment

      • Consulting services where Business Savvy Solutions, LLC, facilitates the assessment of the maturity of an existing Operational Risk Management Program by industry standards

    • ORM Risk Assessment Training – First Line of Defense (1LoD)

      • 1LoD Training to upper, mid, and lower-level leadership and key resources on techniques to identify, assess, mitigate, and monitor operational risks associated with business objectives

    • ORM Risk Assessment – First Line of Defense (1LoD)

      • Consulting services where Business Savvy Solutions, LLC, facilitates risk assessments for business client

      Operational Risk Management (ORM) Products

      • Operational Risk Management Program Toolkit

        • A collection of instructional resources for company leaders to learn about the concept of operational risk management and standard practices to establish an Operational Risk Management Program

      • Operational Risk and Control Self-Assessment Toolkit

        • A collection of instructional resources for company leaders and key resources to learn how to identify operational risks and to assess the existing internal control environment to determine the amount of risk exposure or impending threats to obtaining business objectives

      • Operational Risk Management Assessment Reporting Toolkit

        • A collection of risk report examples, to include risk registers and executive summaries

        For more information about Operational Risk Management product and consultation services,
        please send us a message via the Contact Us page.