Protect – align, categorize and manage your risk mitigation

Workflows that test your risks can then be scheduled in your Compliance Calendar with a frequency based on residual risks. The Oyster Solutions Risk Assessment allows your firm to develop a way sophisticated and easy to visualize risk-based compliance program, and make the decision-making process easier with compliance risk management..

Align – Oyster’s risk mitigation identifies the gap between policies and procedures

Often we see firms whose policies and procedures are aspirational or vague, causing gaps in their compliance risk management program. Regulators expect firms to not only have policies to comply with rules and regulations, but procedures that ensure policies are followed. This is where the gap happens.

Oyster Solutions houses policies and procedures, not just for reference, but also to integrate your procedures into the steps of configurable workflows. This ensures that your procedures reinforce the policies you have worked to put in place.

Categorize – assess your risk

Risk comes in all shapes and sizes. Risk tolerance varies between firms.

With Oyster Solutions, “risk” doesn’t have to be a four letter word. Risk is easily managed, categorized, scored and charted.  Easy-to-read dashboards give transparency and definition to your firm’s risk management strategy.

Organize – map to products, lines of business, regulations, procedures or workflows

Incorporate multiple manuals or use the Oyster Solutions entitlements engine to create one program that gives each user the applicable information needed to complete their job. Our entitlements process allows you to have detailed desk procedures, supervisory procedures, testing procedures and surveillance procedures all in one place, so you have a clear understanding of your organization.