Assessing risk quickly with single, centralized operational risk view

Kuwait Finance House (Malaysia) Berhad’s Risk Management Division chose SAS® OpRisk Management to gain a single, centralized way to identify, monitor and analyze operational risk. Using alerts and a reporting dashboard, the bank now can assess risk more quickly and take mitigating actions.

The first foreign bank granted a license under Malaysia's Islamic Banking Act of 1983, KFH Malaysia was established on the heels of Bank Negara Malaysia's decision to open the country's Islamic banking industry to qualified foreign players. As the regional headquarters of KFH in the Asia-Pacific region, KFH Malaysia's main role is to provide innovative Shariah-based financial solutions to its customers.

The system is easy to use and its implementation has reduced paperwork significantly.

Ken Yon
Acting Chief Risk Officer

Risk management more than compliance

At the fast-growing Islamic bank, managing risk proactively is not just a matter of compliance – it is a necessary foundation for growth. KFH Malaysia's Risk Management Division implements and maintains the bank's risk-related strategy and independent control processes. It monitors the relevant risk exposures and issues against agreed limits and responds accordingly.

Before implementing SAS®, the bank managed operational risk data manually via Excel spreadsheets, Word documents and hard copies. The manual environment made it difficult and tedious to analyze operational risk and trends at a granular level. Moreover, it was time-consuming and required more manpower to analyze the data and prepare operational risk reports timely.

Ken Yon, Acting Chief Risk Officer, says the key features of SAS OpRisk Management that make a difference at KFH include:

  • Rich visualization – Heat maps, scorecards, incident trends and other interactive reports.
  • Automation – Flexible validation workflow and email alerts make it easier to monitor trends and take proactive measures.
  • Centralized risk library – Linking all related operational risk data makes it easier to visualize how the elements connect.

Mitigating operational risk

Ken Yon says the chief benefit comes from improved effectiveness in mitigating operational risk. The bank created a one-stop center where users submit operational risk data online for the Operational Risk Management team to review, analyze and monitor.

Kuwait Finance House


Manual data analyses and lack of centralized risk data.


SAS® OpRisk Management


Greater efficiency, faster response times and consolidated view of all operational risks and compliance information allow for more accurate and improved risk-management performance.

Les résultats présentés dans cet article sont spécifiques à des situations, problématiques métiers et données particulières, et aux environnements informatiques décrits. L'expérience de chaque client SAS est unique et dépend de variables commerciales et techniques propres, de ce fait les déclarations ci-dessus doivent être considérées dans un contexte. Les gains, résultats et performances peuvent varier selon les configurations et conditions de chaque client. SAS ne garantit ni ne déclare que chaque client obtiendra des résultats similaires. Les seules garanties relatives aux produits et services de SAS sont celles qui sont expressément stipulées dans les garanties contractuelles figurant dans l’accord écrit conclu avec SAS pour ces produits et services. Aucune information contenue dans le présent document ne peut être interprétée comme constituant une garantie supplémentaire. Les clients ont partagé leurs succès avec SAS dans le cadre d’un accord contractuel ou à la suite de la mise en œuvre réussie du progiciel SAS. Les noms de marques et de produits sont des marques déposées de leurs sociétés respectives.

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