BenchMatrix is assisting the Bank in aligning of its current ORM Framework with industry best practice and regulatory requirements. This includes updating the operational risk policy, procedures and committee mandate, conducting RCSA and setup of KRIs for the support and business units of the Bank
Additionally The Bank and BenchMatrix are working together to move towards a successful digital transformation and automation of the Bank’s Operational Risk Management (ORM) framework by implementing RiskNucleus® Operational Risk Management across the group and its subsidiaries.
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. The team has several full cycle implementation experiences in multinational organizations with success stories in Bahrain, Qatar, Saudi Arabia, UAE, Kuwait, France, Canada and Pakistan.