Although the operational risk management process is practiced a little differently at each level, decision makers at all operational risk management levels should use the basic process.

If you’re in a high-reliability industry with a heavy process-oriented focus, one of the most useful frameworks you can use has to do with operational risk.

The journey toward effective operational risk management and the ongoing pursuit of operational excellence require significant attention and commitment, but the outcomes in terms of improved business ...

By embedding continuous process monitoring and simulation throughout critical operations, organizations can proactively meet regulatory demands and minimize the risk of penalties and disruptions.

Many operational risk teams today perform third-party risk management (TPRM) processes manually by utilizing subject matter experts who spend a great deal of time managing a tremendous volume of data.

Financial institutions are in the business of risk management and reallocation, and they have developed sophisticated risk management systems to carry out these tasks. The basic components of a risk ...

The U.S. bank supervisory agencies recently issued for public comment revised guidance regarding the implementation of the proposed Basel II-related, risk-based capital requirements. Among the ...

How can security professionals help their organisations move from traditional governance, risk and compliance to integrated risk management that integrates risk activities from across an ...

Needing stronger links between operational risk, GRC, financial crime and enterprise risk management and other risk-related activities, buyers increasingly look to advanced analytics.

This leads to a difficult task for the risk management function to interpret what has been obtained as input to the identification and assessment process.

Defensible decision making is relevant to any organizational management system; and none more so than operational resilience. Decisions need to be made on operational resilience strategy, planning, ...