<p> </p>
<p>What are the factors needed for a successful implementation of an operational risk management (ORM) system? How can the benefits be realized in the post implementation phase? This study is drawn from the experience of a mid-sized North American retail bank that completed its system implementation and roll-out in nine months to comply with Sarbanes-Oxley deadlines and Basel 2 guidelines. Because of the urgency, it had to implement the ORM system using its existing business structure with time for only very limited business re-engineering. It can be argued that the full benefits of an ORM system require the implementation and continual monitoring of best business and risk management processes and practices.</p>
<p>Topics covered include:</p>
<ul>
<li>Factors required for successful implementation of an ORM system in a financial institution</li>
<li>User expectations and benefits realization</li>
<li>Necessary factors for optimum use of an ORM system</li>
</ul>
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