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Global Investment Mgmt Company Selects Operational Risk Management (ORM) Solution
Global Investment Mgmt Company Selects Operational Risk Management (ORM) Solution
One of the world’s largest investment management companies has selected MetricStream Operational Risk Management
(ORM) solution for a firm-wide deployment.
Palo Alto,
California,
India
(prbd.net)
08/09/2011
September 08, 2011 | Palo Alto, California: MetricStream Inc., the market leader in enterprise-wide Governance, Risk and Compliance (GRC) solutions, today announced that one of the world’s largest investment management companies has selected MetricStream Operational Risk Management (ORM) solution for a firm-wide deployment.
The company is one of the world's largest investment management firms and provides investment products and services to individual investors, institutions, and financial professionals. With an assets base of over a trillion dollars, the company offers mutual funds, exchange-traded funds (ETFs), individual stocks and bonds, and convenient access to other funds.
With thousands of employees and extensive worldwide operations of the firm, it is essential for the top managers to assess operational risks when shaping business strategy and making decisions. The company recognized the need for a new platform to manage risk as multiple legacy systems and applications were being used in silos limiting the management’s ability to get a holistic view of risk data and metrics. This upgrade of the company’s operational risk management infrastructure is part of its goal to build a risk-conscious culture, increase collaboration and build resilience for dealing with increased globalization, uncertain business environment, technology advancement and complex financial products.
The firm will use MetricStream ORM solution to provide a central, group-wide risk management and reporting system and obtain a consistent and quick view of overall risk exposures across risk types, departments and geographies. Supported with a flexible data model and extensive workflow capabilities, the solution will centralize all data and processes related to operational risk management in a reusable library of risks and their corresponding controls and assessments, results from individual assessments, key risk indicators, risk data aggregation, internal and external events such as losses and near-misses, issues and remediation plans.
About MetricStream
MetricStream is a market leader in Enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management Solutions for global corporations. MetricStream solutions are used by leading corporations such as Pfizer, Philips, NASDAQ, UBS, SanDisk, Subway, Fairchild Semiconductor, BAE Systems, Sterling Savings, Depository Trust Clearing Corporation, Constellation Energy and Cummins in diverse industries such as Healthcare, Pharmaceuticals, Medical Devices, Automotive, Food, High Tech Manufacturing, Energy and Financial Services to manage their quality processes, regulatory and industry-mandated compliance and corporate governance initiatives, as well as by over a million compliance professionals worldwide via the www.ComplianceOnline.com portal. MetricStream is headquartered in Palo Alto, California and can be reached at www.metricstream.com
Media contact:
pr@metricstream.com
About
MetricStream provides comprehensive
solutions for Governance, Risk, Compliance (GRC) and Quality Management. Apply industry best practices with easy-to-use applications on a proven platform to improve business performance.
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