SBP expects all banks to set up operational risk frameworks and commence operational loss data collection by December 2015.
With over 18 years of banking experience, risk advisers at BenchMatrix provide professional consultancy to help financial institutions put in place winning risk management controls.
BenchMatrix develops customized technology solutions that work for the client's overall business strategy. The RiskNucleus product suite automates processes and provides easy access to dashboards, reports and KPIs.
BenchMatrix is renowned for stellar customer service. With an average turn-around time of 60 minutes, we are one of the fastest in the industry. Clients depend on our rapid response time to deliver custom reports and implement software updates.
Welcome To BenchMatrix
BenchMatrix is a leading advisory services and automated GRC solutions provider with a focus on developing practical and customized approaches to risk management for organizations. Our team has several full cycle implementation experiences in multinational organizations with success stories in Bahrain, Qatar, Saudi Arabia, UAE, Kuwait, France, Canada and Pakistan.
BenchMatrix specializes in helping organizations in the development of institutional governance, risk and compliance frameworks, conducting gap analyses and process reviews to help identify and assess risks and recommend action plans to address control weaknesses.
RiskNucleus® is a web-based, modular fully configurable and integrated application that streamlines the process of ORM, Governance and Compliance, ERM, CRM, Market & Liquidity Risk Management, BCP and Online Training according to the organization’s needs.
EU antitrust regulators are charging HSBC, JP Morgan and Credit Agricole with rigging financial benchmarks linked to the Euro.
BenchMatrix evaluates banking practices at one of the fastest growing Islamic banks in Pakistan. Key areas covered include Asset Quality, Risk Management and the Internal Control Framework, AML Compliance, Liquidity Management, Human Resource and IT Security Management.
One of Pakistan's largest Retail Banks with over 250 branches implements the RiskNucleus ORM system. The system collects operational risk incidents, maintains loss database, monitors key risk indicators and conducts Risk & Control Self-Assessments. It also generates management and board level reports.
BenchMatrix rolls out its RiskNucleus Operational Risk Management solution at one of the largest banks in Kuwait. The implementation will effectively enhance the bank's risk management functions through tools such as Loss Data, Risk & Control Self-Assessments and Key Risk Indicators.
BenchMatrix successfully implements Compliance Solution at one of largest retail banks in Bahrain. The project involved system customization, implementation, and Compliance training.
NIB Bank goes live with a Governance, Compliance and Training solution from BenchMatrix. The overall project scope includes system installation, data migration, user training, and integration with existing IT systems.