Professional Documents
Culture Documents
Management
Definitions
Causes of OpRisk
Internal fraud
External fraud
Employment practices and workplace safety
Clients, products and business practices.
Damage to physical assets.
Business disruption and system failures
Execution, delivery and process management
Causes of OpRisk
Highly Automated Technology
Emergence of E- Commerce
Emergence of banks acting as very large
volume service providers
Outsourcing
Large-scale acquisitions, mergers, de-mergers
and consolidations
Engagement in risk mitigation techniques
giving rise to legal risk
Contributors to OpRisk
People Risk
Process Risk
Transaction Risk
Documentation/contract risk.
Operational Control Risk
Model Risk
Systems Risk
Technology Risk MIS Risk.
Legal and Regulatory Risk
Event Risk
OpRisk Approaches
OpRisk Approaches
18
18
12
15
18
15
12
12
Data Types
Transactional
Operational/CRM
Analytical
Risk management
Economy/Industry
Causal Data
Loss Effect
Proxies
Risk Inventories
External Data
Management tasks
Organisational Set-up
Board of Directors
Risk Management Committee of the Board
Operational Risk Management Committee
Operational Risk Management Department
Operational Risk Managers
Support Group for operational risk
management