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Meycor COSO , a Comprehensive Solution for Enterprise Risk Management ( ERM ). COSO I. COSO II. MEYCOR COSO AG - A Comprehensive Solution. Meycor COSO AG. Assessment Module. Audit Module. MEYCOR COSO AG. Meycor COSO AG includes several activities to be assigned to

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slide2
COSO I

COSO II

meycor coso ag
Meycor COSO AG

Assessment

Module

Audit

Module

meycor coso ag1
MEYCOR COSO AG

Meycor COSO AG includes several activities to be assigned to

the parties involved in the Risk Management process and a

methodology project to provide a step-by-step guide.

meycor coso ag2
MEYCOR COSO AG

Fully customizable to meet the

organization\'s needs and corporate culture.

the organization
The Organization

Easily define the organizational

structure and its related processes,

managing web communications.

slide8

Using a fully customizable self-assessment you can get a quick diagnosis of how the current Risk Environment and Controls are perceived.

You can quickly identify the items that need to be addressed in order to focus resources.

Fully understand your organization\'s attitude towards risk and how the entity\'s personnel handles and reacts to risks.

slide9

You can define several Objectives for each

process, classifying and assigning them

importance ratings.

Strategic objectives can be traced to the

highest organizational level.

You can even define a different risk

threshold for each objective.

Enterprise Risk Management ensures that Senior Management has a process in place to establish objectives and that the objectives thus selected contribute to the entity\'s mission.

slide10

Events are identified

with the collaboration

of all the areas involved.

Meycor COSO AG includes

a sample event database

for common processes.

Internal and external events that affect the entity\'s objectives

must be identified and classified as Risks or Opportunities.

slide11

You can estimate their

likelihood of occurrence

and consequences.

Risks are analyzed considering their likelihood and impact in order to determine how they should be managed.

slide12

It is also possible to perform a

quantitative loss analysis by

identifying the value of the

affected assets.

slide13

An exposure index is set

and compared against the

acceptable level set by

the organization.

slide14

Senior Management selects the possible answers (avoid, accept, minimize or share), developing actions to align the risks with the maximum acceptable risk and the entity\'s tolerance to risks.

slide15

You can simulate

several treatment options

slide16

It is also possible to review risks that

combined could seriously compromise

the achievement of the objectives.

slide17

You can specify mitigation control activities

for each risk and assess their effectiveness

(being even possible to audit them later on).

If the processes\' activities are analyzed,

the control activities can be linked directly

to risks.

Policies and procedures are set and executed to ensure that the risk response is performed effectively.

slide18

All relevant information is identified, captured and communicated timely and accurately in order to

enable the staff to take on full accountability. An effective communication needs feasible channels throughout the entity.

Risk Maps and Reports are published

in such way that each area must take

responsibility for their risks.

slide19

Banking

Credit

Cards

Mortgages

Current

Accounts

Each area is accountable

for their own risks

General Map

w/Controls

slide20

Using the web module you can access all the

documents and check whether they were

read, understood and agreed on.

slide21

You can generate reports

in RTF, HTML and XLS formats

as well as several charts

including specific information.

slide22

The Audit team can access

the risk information

in a read-only format

in order to define

the Audit Projects.

Enterprise Risk Management is thus entirely monitored, being possible to make timely changes when appropriate. This monitoring can be easily performed either through Senior Management activities or independent assessments.

slide23

The Audit Module

allows you to

use Audit Guidelines

to perform the review

process and to

report findings.

slide24

With Meycor COSO AG you can

define and manage Action Plans

to improve controls.

slide25

Record Loss Events

Meycor KP – Event Module

Legal

OS for Operational Risk Management

Registration

Generate the control documents necessary to report to Senior Management, to the Operational Risk Committee, and to any areas involved.

Transfers

Collection

SR

Withdrawals

Measure/

Assess

Customer Service

KRI

IT

Risk Unit

Meycor Delphos

slide26

Different areas

can report loss events

to identify possible

changes to the

risk assessment.

slide27

You can define KRI

(Key Risk Indicators)

that can be populated

automatically from the

Events Module.

for further information
For further information:
  • Request a free assessment of your organization\'s Risk Management Maturity Level to [email protected]
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