Key Points For An Operational Risk Management Leader

Operational risk management in current business trend is the monitoring and mitigation of risks that arise due to a failed process, system or a series of events. The risk and thereby loss incurred due to the failure of procedure can bear financial losses either indirectly or directly. For instance, poor customer service can indirectly hamper a company’s reputation and can lead to loss in company sales. In a volatile and complex business environment, it is imperative that a risk management leader addresses various risks that births out of operational failures stemming from both systemic and novel developments.