Solutions specialises in Operational Risk Management predominantly for the
financial services sectors in Ireland and the UK.
Operational Risk is
defined by the Basel Committee on Banking Supervision as 'the risk of direct or
indirect loss resulting from inadequate or failed internal processes, people
and systems or from external events '.
At
we focus on non market or credit related risk which we term 'Soft Risk'. This
risk category comprises the Physical, Procedural, Operational and Fiscal risk
classes in an organisation. By carrying out a detailed and structured analysis
of these risk classes Visible is able to provide an enterprise wide perspective
of the Operational Risk for a particular organisation. This analysis leads to
the preparation of an Operational Control Manual which acts as an ongoing risk
measurement tool enabling enterprise wide mitigation of risk
Operational Risk Analysis
identifies the need for control measures to be implemented in order to mitigate
risk exposure in many areas of business and as a result of Operational Risk
Analysis that we have performed for several blue chip companies we identified
the need for a customisable Complaints Management Solution. Effective
complaints management is not only a legal requirement but also a common sense
approach to business that ensures increased customer retention.
Complaints
& Incidents Automation (CIA)