Operational Risk Awards 2017: The winners
US Bank wins Bank of the Year while AIG scoops the Insurer award; RSA Archer takes Best Cyber Risk/Security Product and Overall Provider
US Bank wins Bank of the Year while AIG scoops the Insurer award; RSA Archer takes Best Cyber Risk/Security Product and Overall Provider
Profiles of our award winners can be found below.
High-profile cyber attacks, large op risk loss events, conduct risk failings and the future of modelling – the operational risk management industry and the vendors who serve it find themselves in the spotlight as never before. This year’s OpRisk Awards highlight the industry’s adaptability in the face of strong headwinds, as well as the ingenuity of vendors in the face of an ever evolving range of threats.
Risk.net would like to extend a special thanks to its panel of expert judges comprising practitioners from across the industry, whose kind support make the awards possible.
US Bank takes the crown for Bank of the Year, testament to its op risk management function’s proud record of keeping the bank free of costly missteps that have befallen virtually all of its peers, and by extension its contribution to the bank’s bottom line.
AIG wins Insurer of the Year thanks to its innovative Raise Your Hand programme, which encourages employees at all levels to report concerns that could give rise to operational risks, heading off issues before they become a problem. And Stephenson Harwood retains its title as Law Firm of the Year, after doubling down on its position as the go-to firm for banks that find themselves in the throes of a lengthy regulatory settlement process.
Given the criticality of effective cyber risk management for banks and financial firms in the current environment, RSA Archer has scored a major coup by winning this year’s Best Cyber Risk/Security Product. The firm won praise for allowing easy integration of cyber risk into firms’ wider op risk framework using a platform that users from all parts of the business can employ, as well as its ability to target the consequences of attacks, including business continuity and data integrity. The depth of positive feedback from judges was also enough to power it to 2017’s Best Overall Provider award.
NICE Actimize scooped the prize for Best Financial Crime Product thanks to overwhelmingly positive feedback on its highly versatile unified case management platform, while RiskLens won Best Risk Analytics Tool, praised for its ability to help clients answer pressing analytics challenges in a way that makes sense under their existing op risk framework.
Elsewhere, Parker Fitzgerald beat off competition from the Big Four to scoop this year’s Consultancy of the Year award – testament to its nimble, expert-led service that yielded real benefits for clients, judges decreed.
Congratulations to all of the 2017 winners: please see the full list below.
Practitioner categories:
Bank of the Year
US Bank
Insurer of the Year
AIG
Insurance Broker of the Year
Aon
Asset Manager of the Year
Nuveen
Regulator of the Year
Office of the Comptroller of the Currency
Paper of the Year
Gareth Peters, Pavel Shevchenko, Bertrand Hassani and Ariane Chapelle
Book of the Year
Cyber Risk
Vendor categories:
Consultancy of the Year
Parker Fitzgerald
Law Firm of the Year
Stephenson Harwood
Best Cyber Risk/Security Product, Best Overall Provider
RSA Archer
Best Financial Crime Product
NICE Actimize
Best GRC Product
IBM OpenPages
Best Risk Analytics Tool
RiskLens
Best Regulatory Reporting Platform or Service
NEX Regulatory Reporting
Best Market Surveillance Product
Nasdaq SMARTS
Best Newcomer (Vendor or Product)
Broadridge
Best Managed/Support Services Provider
Equiniti KYC Solutions
Best Outsourcing Provider
Thomson Reuters
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
More on Awards
Joining the dots: banks leverage tech advancements for the future of regulatory reporting
The continued evolution of regulatory frameworks is creating mounting challenges for capital markets firms in achieving comprehensive and cost-effectiveawa compliance reporting. Regnology discusses how firms are starting to use a synthesis of emerging…
Markets Technology Awards 2024 winners' review
Vendors spy opportunity in demystifying and democratising – opening up markets and methods to new users
Derivatives house of the year: JP Morgan
Risk Awards 2024: Response to regional banking crisis went far beyond First Republic
Risk Awards 2024: The winners
JP Morgan wins derivatives house, lifetime award for El Karoui, Barclays wins rates
Best product for capital markets: Murex
Asia Risk Awards 2023
Technology vendor of the year: Murex
Asia Risk Awards 2023
Best structured products support system: Murex
Asia Risk Awards 2023
Energy Risk Asia Awards 2023: the winners
Winning firms demonstrate resiliency and robust risk management amid testing times
Most read
- Top 10 operational risks for 2024
- Regulators’ FRTB estimates based on faulty premise – industry study
- Top 10 op risks: AI fears drive cyber risk to record high