The Key Principles and Best Practices for Operational Risk Management

Operational risk management (ORM) is the discipline of protecting your company from external and internal threats. The Basel Committee on Banking Supervision (BCBS) has improved ORM and extended it to other industries.  Understanding the ORM process will help you identify the highest risk of loss and respond accordingly.

Key Takeaways:

  • The 4 Key Principles of Operational Risk Management
  • The Key Risk Levels
  • The Phases for Mitigating Operational Risks
  • The 4 Options for Operational Risk Mitigation

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