What are the Main Procedures of Operational Risk Management?

Credit Risk Management and RAROC
Knowledge Center

Forum

New Topic

NNAKWE KINGSLEY C.
Student (MBA), Nigeria

What are the Main Procedures of Operational Risk Management?

What are the main procedures involved in operational risk management?

  Mark White
Manager, Australia
 

Risk Management

A useful framework for deciding how to assess and measure risk is the new international standard on risk management, ISO 31000:2009. This will provide you with stages of risk identification, assessment, treatment and monitoring.

  Ian Lyall
 

Operational Risk Management

If you follow the ISO standard noted above, the risk management process is essentially the same. The only difference is the TYPE OF RISK you are trying to manage. The other difference is the MEASUREMENT OF CONSEQUENCES. It can be done much more reliably with financial type risks, e.g. measuring the impact of a rise in interest rates than with operational risks, e.g. lack of succession planning.

  musa jerry
Student (University), Nigeria
 

Operational Risk Management

The first step for addressing operational risk is to set up a common classification of events that should serve as a receptacle for data gathering processes on event frequencies and cost. Operational risks appear at different levels:
* Human errors
* Processes
* Technical
* Information technology.

  K.Viswanathan
Management Consultant, India
 

Operational Risk Management

The biggest part of enterprise risk is operational (...)

Start a new forum topic

 

More on Credit Risk Management and RAROC:
Summary
Special Interest Group

Do you have a keen interest in Credit Risk Management and RAROC? Become our SIG Leader

Credit Risk Management and RAROC
Knowledge Center



About 12manage | Advertising | Link to us / Cite us | Privacy | Suggestions | Terms of Service
2021 12manage - The Executive Fast Track. V15.8 - Last updated: 25-9-2021. All names of their owners.