Operational Risk Management
Develop and implement operational risk management strategies and structure to identify, measure, analyse, control, monitor and report on operational risks
Type
Functional
Competency Area
Risk Management, Governance and Regulatory Compliance
Levels
monitor and identify irregular potential operational risks
Support the implementation of organisation’s overall operational risk management processes
Apply organisation operations risk management guidelines
Interpret organisation’s operational risk processes to identify potential risks
Analyse risk drivers, monitor risk indicators and deploy risk response activities
Describe and implement organisation’s overall operational risk management processes
Monitor effectiveness of the riks management strategies periodocally
Deploy risk assessment techniques to verify operational risk levels
Formulate & deploy operational risk management processes
Develop and implement effective operational risk management framework and methodologies
Review impact of operational risk drivers and categories of risks
Determine overall operational risk exposure to develop organisation’s operational risk management processes and formulate risk response plans
Formulate, align and implement risk mitigation strategies
Formulate and align organisation’s operational risk management with organisation’s overall risk management strategies, frameworks and processes
Drive the development of organisation’s operational risk management strategy and process in line with the organisation’s overall risk management framework
Ensure knowledge of risk mitigation plans and the organisation is constantly updated on changes