GOLDENHORN Operational Risk Management


The ‘Operational Risk Management’ module of the GOLDENHORN ONEGRC Software Suite is a robust and integrated solution designed to address the multifaceted nature of operational risks in today’s dynamic business environment. This module incorporates a range of key features, each tailored to tackle different aspects of operational risk management. These features are meticulously designed to ensure organizations can effectively identify, assess, manage, and mitigate various operational risks, thereby enhancing their overall risk posture and operational efficiency.


The ‘Operational Risk Management’ module of the GOLDENHORN ONEGRC  Software Suite is a comprehensive solution designed to address the complexities of managing operational risks in modern organizations. This module integrates a range of sub-modules and key features, each specifically tailored to identify, assess, and manage different types of operational risks. The sub-modules, including Information Risk Management, Business Operational Risk Management, Resilience Risk Management, and the Risk Scoring Engine, work collectively to provide a multifaceted approach to operational risk management. This module is structured to ensure that organizations can effectively navigate the diverse landscape of operational risks, from information security to business continuity.

The key features, such as Master Data Management and Risk and Impact Analysis Management, complement the sub-modules by providing the necessary tools and frameworks for comprehensive risk assessment and management. These features enable organizations to maintain a centralized repository of risk-related data, conduct thorough risk evaluations, and develop effective risk mitigation strategies. The integration of these components ensures that the module not only identifies and assesses risks but also provides actionable insights for risk mitigation and management.

Value Delivery

The ‘Operational Risk Management’ module delivers significant value by providing organizations with a robust framework to manage operational risks effectively. The Master Data Management Building Block plays a pivotal role in ensuring the integrity and accessibility of risk-related data, which is crucial for accurate risk assessment and decision-making. Additionally, the Risk Evaluation Project Building Block and Evaluation and Scoring Monitoring (ESMi) Building Block enable organizations to evaluate risks systematically and monitor the effectiveness of their risk management strategies.

Moreover, the module’s holistic approach to operational risk management, encompassing various aspects of risk, ensures that organizations can address both immediate and long-term risks. This comprehensive coverage, from information security to operational resilience, ensures that organizations are well-equipped to handle the dynamic nature of operational risks, maintaining agility and resilience in their operations.


Implementing the ‘Operational Risk Management’ module brings several key benefits to an organization. Firstly, it enhances the ability to identify and manage risks proactively, reducing the likelihood of disruptions and minimizing potential losses. The module’s integrated approach, combining risk identification, assessment, and mitigation, ensures that organizations are prepared to handle risks effectively.

Secondly, the module contributes to improved regulatory compliance and governance. By providing a structured framework for operational risk management, it helps organizations adhere to industry standards and regulatory requirements, thus maintaining their reputation and avoiding potential legal implications. The systematic approach to risk management also fosters a culture of risk awareness within the organization, enhancing overall operational efficiency and effectiveness.

Target Users

The target users of the ‘Operational Risk Management’ module are diverse, catering to professionals involved in risk management, compliance, and operational oversight. This module is particularly beneficial for risk managers, compliance officers, and operational leaders who are responsible for identifying, assessing, and managing operational risks within their organizations. Its comprehensive features provide these professionals with the necessary tools to manage risks effectively, ensuring the smooth functioning of business operations.

Additionally, the module is valuable for senior executives and decision-makers who need to oversee their organization’s risk management strategies. By offering a clear and comprehensive view of operational risks and mitigation plans, the module aids in informed decision-making, ensuring that organizations can manage risks strategically and sustain their operational objectives.

Key Features (Aspects)

Master Data Management Building Block: This feature establishes a centralized repository for all risk-related data, ensuring data integrity and accessibility, which is crucial for effective risk analysis and decision-making.

Business Service Asset Catalogue Management Building Block: Manages a comprehensive inventory of organizational assets, critical for identifying and assessing risks associated with business services and assets.

Programme Management Building Block: Facilitates structured planning, execution, and monitoring of operational risk management programs, aligning them with organizational goals and compliance standards.

Management Planning Building Block: Aids in strategic planning for operational risk management, integrating risk management strategies with overall organizational planning and objectives.

Risk and Impact Analysis Management Building Block: This tool is essential for assessing potential risks and their impact on business operations, aiding in the development of effective mitigation strategies.

Risk Evaluation Project Building Block: Assists in evaluating and prioritizing risks, facilitating informed decision-making in the management and mitigation of operational risks.

Evaluation and Scoring Monitoring (ESMi) Building Block: Provides ongoing assessment and scoring of operational risks and management strategies, offering insights for continuous improvement.

Test Finding and Risk Detection Building Block: Specializes in identifying risks and documenting findings from risk assessments, ensuring that potential issues are addressed promptly.

Test Finding Action Request Building Block: Manages the resolution of identified risk issues, ensuring efficient and timely mitigation actions.

Incident Management Building Block: Handles immediate response to incidents, ensuring a swift and coordinated approach to minimize disruption and manage crises effectively.

Work Activity Hub Management Building Block: Serves as a centralized platform for coordinating and managing operational risk management activities, enhancing collaboration and operational efficiency.

Time Sheet Management Building Block: Enables tracking of time and resources dedicated to operational risk management activities, crucial for resource allocation and management.

Goldenhorn OneBasis Model Building Block: Provides a foundational model for operational risk management processes, aligning them with best practices and industry standards.

Goldenhorn OneBasis Engine Building Block: Powers the entire operational risk management module, ensuring seamless integration and operation of all features and functions.

Sub Modules


The ‘Operational Risk Management’ module of the GOLDENHORN ONEGRC Software Suite is crafted to provide a comprehensive and strategic approach to managing various operational risks within an organization. This module is segmented into distinct sub-modules, each targeting a specific area of operational risk. By integrating these sub-modules, the suite ensures that organizations can address the diverse range of risks they face, from information security to resilience and business operations. These sub-modules work collaboratively to provide a holistic risk management solution, essential for maintaining operational stability and business continuity.

Sub Modules

Information Risk Management Sub Module: Focuses on managing risks related to information and data security. It includes identifying, assessing, and mitigating risks associated with information systems, ensuring data integrity, confidentiality, and availability.

Business Operational Risk Management Sub Module: Deals with the risks inherent in day-to-day business operations. This sub-module encompasses the identification and mitigation of risks affecting business processes, ensuring operational efficiency and effectiveness.

Resilience Risk Management Sub Module: Dedicated to enhancing the organization’s resilience against various disruptions. It involves planning and preparing for potential crises, ensuring the organization can sustain operations under adverse conditions.

Risk Scoring Engine Sub Module: A critical tool for quantifying and scoring operational risks. This sub-module provides a systematic approach to evaluate the severity and likelihood of risks, aiding in prioritization and management decisions.


In summary, the sub-modules of the ‘Operational Risk Management’ module in the GOLDENHORN ONEGRC Software Suite collectively form a robust framework for operational risk management. Each sub-module is designed to address specific risk areas, ensuring comprehensive coverage across all aspects of operational risk. The integration of these sub-modules into an organization’s risk management strategy enhances its ability to proactively identify, assess, and mitigate risks, thereby maintaining operational stability and safeguarding the organization’s interests. This strategic approach is vital for organizations to effectively navigate the complexities of operational risks and sustain their competitive advantage in an ever-evolving business landscape.