That is the people who operated the processes and equipment. Every endeavor entails some risk even processes that are highly optimized will generate risks. Three Lines Of Defense A New Principles Based Approach Guidehouse Layered on top are technology riskswhich are compounded as organizations embrace new technologies like automation. . Mark Opausky at BPS describes a scenario that highlights the dangers operational risk can pose in his article Risk Management From Your Desktop. 1 Create and Protect Value. Factors considered in the policy. Learn vocabulary terms and more with flashcards games and other study tools. Some areas of an operational risk management capability to be developed include. What is Operational Risk Management. Putting governance in place over the management of risk. Risk identification risk analysis risk mitigation and risk monitoring. When looking at operational risk management it is
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