Part of the Midis Group
Operational Risk
fop

FINECUS is one of the leading Financial Software Companies providing insight to managers into the risk management sectors. Our aim is to accurately quantify risks, to enable managers to optimize the use of their capitals, to perform risk-return analysis while meeting regulatory requirements.

FINECUS Operational Risk Module (fOP) enables risk managers to track and gather operational risk data of their portfolio and provides assistance for SOX compliance. It is an integrated solution that combines the identification, collection, management and measurement of operational risk.

Key Advantages of fOP include ;

- Advanced Simulation Methods
- Customized Reports
- Drill-Downs
- Scenario Analysis
- Comprehensive Loss Database



Features of the Software


fop

Portfolio Monitoring Tools

All the components and individual items of the operational risk can be analyzed individually. Customized reports prepared for top management and for departments of the institution presents the outputs in various levels of detail .


Yield Curve Module

Yield curve calculation and yield curve modeling is a crucial part of all risk management solutions. We currently support for some interpolation methods (linear and cubic) and some well known yield curve models such as Nelson-Siegel , McCulloch and Echols-Elliot.


Internal Loss Database

FINECUS Operational Risk Module enables the institution to gather all the relevant quantitative loss data to ensure that it captures the complete and accurate view of the institutions performance. The database is developed to facilitate the diversified and comprehensive structure to capture of losses across all the divisions, product types, locations and segments.


KRI Assesment

FINECUS works closely with risk managers to develop systems and processes that identify the all risks that are faced. Not only historical data is used but also a forward looking view is used tı figure out all the sources of operational risk. It is essential to capture all the operational risk exposures in a timely manner.


Scenario Analysis Module

FINECUS Operational Risk solution aims to provide a quite flexible scenario creation and testing platform for the user. According to simulations loss distribution is generated and capital at risk is generated.



Project Phases


Database Design & Creation

Collecting operational risk data and creating a database is most of the job. All institution has its own limited data structure. Therefore our aim is to use all the data available as efficiently as possible.


Customization & Installation

Due to operational risk models' data needs, Finecus Operational Risk module is customized for each institution. Of course, the modelling part is exactly the same across customers but all other parts might be significantly different.


Financial Training

Our financial trainings are aimed to provide transparency and to clear all the black-boxes.


User Training

All our modules are user-friendly. Users are trained for the most critical part which is interpretation of the results and cause-effect relations. With the trainings users are able to create and interpret scenarios with more ease.


Delivery & Further Maintenance

Maintenance after delivery is at least as important as module itself. Any new financial instrument and technique is added instantly to the software.



Programming and Technical Properties


Programming Language

FINECUS Operational Risk module uses Java language. The most important feature of Java is, being a object oriented language. Object orientation paradigm makes developing applications easier and enables faster customizations and updates.


Application Features

Our operational risk solution is a thin-client application which means that we require no software or hardware for user's computer. All procedures and calculations are handled by the server. User accesses to the tool via intranet using a browser such as Internet Explorer.


MS Excel Entegration

All data tables in the software are fully integrated with MS Excel. Data and reports can be exported to CSV, XML and to PDF files.