Operational risk management for the banking industry TAKE THE SKILLS ASSESSMENT Introduction The banking industry faces unique operational risks due to the nature of its operations and the regulatory environment. Banks must manage risks associated with credit operations, market activities, liquidity management, and compliance with regulatory requirements. To

What is a Risk Management Framework? An overview of key components TEST YOUR KNOWLEDGE Introduction A risk management framework (RMF) or more specifically, an operational risk management framework (ORMF) is a structured and systematic approach used by organizations to identify, assess, prioritize, and manage risks in order to

Top 5 operational risks for banks in 2024 Strategies to identify and manage emerging risks TEST YOUR KNOWLEDGE Introduction As the global financial landscape continues to shift, banks face a myriad of challenges in ensuring smooth operations and sustainable growth. In this volatile climate, operational risk management (ORM)

The ultimate guide to operational risk management Navigating the ORM process TAKE THE SKILLS ASSESSMENT Introduction Operational risk management (ORM) is a crucial aspect of any business, helping organizations identify, assess, and mitigate risks associated with their day-to-day operations. By understanding and effectively managing operational risks, businesses can

Understanding banking regulatory requirements For operational risk management TAKE THE SKILLS ASSESSMENT Introduction Operational risk management is a critical aspect of the banking industry, aimed at identifying, assessing, and mitigating risks associated with internal processes, people, and systems. In order to promote stability and resilience within the banking

Operational risk management For modern financial institutions Operational risk is not new – it has existed ever since the first bank opened its doors for business. What is relatively new, however, is how modern-day financial institutions manage this risk type. Operational risk management has evolved into a discipline in its

Measurement & reporting basics For operational risk management TEST YOUR KNOWLEDGE Introduction Measuring and reporting operational risk plays a pivotal role in the banking sector. It enables banks to enhance their risk management practices, make informed decisions, maintain regulatory compliance, and ensure stakeholder confidence. Objective vs.