"Operational risk" refers to the potential of financial losses arising from inadequate or failed internal processes, systems, or external events in a company's daily operations. It includes risks associated with human error, technology failures, legal issues, fraud, and disruption of business activities. In simpler terms, it is the risk of something going wrong within a company's everyday operations that could lead to financial harm.
Full definition
Provided support and oversight in establishing remediation plans to resolve gaps
in operational risk management practices at assigned business units and / or corporate functions.
Has a history of utilizing experience, skill sets, and innovative thinking to maximize efficiency and productivity within a team while
minimizing operational risk.
Risk Managers are employed by companies to
identify operational risks and to offer advice on product opportunities and development.
The emergence of sound technical solutions in this category will mean a considerable
operational risk gap will be filled, leveling the playing field for many fund managers.
This aims to encourage community discussion and feedback on the use of environmental water, to identify future opportunities and
recognise operational risks and constraints.
These include managing the firm's financial stability, IT security, business continuity, safety and security, and
wider operational risks, including dealing with suppliers.
This joint decision making can be an effective means for
transferring operational risk from one team to the other, or at a minimum, result in a sharing of that risk.
Able to assess, identify and evaluate business and
operational risks aiming to promote operational efficiencies and control improvements.
Developers can help to mitigate
operational risk by carefully considering operators and implementing appropriate training and policies at a facility.
PRMS» technology enables lenders to measure and quantify interest rate risk, as well
as operational risk, utilizing advanced analytics and neural - based modeling methods.
A corporate insurance may be defined as a type of insurance which can be used by large organizations to cover up various
operational risks such as theft, financial losses, employees» health benefits and accidents.
Ms MacTiernan said the Rothgard proposal would have posed a significant security and
operational risks for the Police Operations Support Facility (OSF) in Midland.
«Retailers should be most concerned with the increased complexity of their sites and mobile applications,» he told the E-Commerce Times, «because heavier and complex sites are much harder to manage and introduce
greater operational risk, and could increase the likelihood that they'll buckle under the pressure of peak holiday shopping.
Selecting qualified third - party operators with a proven track record, carrying sufficient insurance and utilizing appropriate legal structures can help to
manage operational risks which are intrinsic to this industry.
We identified 11 risk areas like
strategic operational risk, risk of our key relationships, and legal risk is one of those 11 but under that legal risk heading there are more than 10 pieces of significant legislation that affect Canadian Tire, and then if you looked at every piece of legislation that affects Canadian Tire it would be over 10,000.
A corporate insurance may be defined as a type of insurance which can be used by large organizations to cover up
various operational risks such... read more
However the market suffers from a lack of transparency and
operational risk which currently the industry from pricing the contracts efficiently.»
AFR sent a letter urging House members to vote «No» on H.R. 4296 — a bill that would tie regulators hands in
setting operational risk capital.
GHOS also agreed that Basel will launch two public consultations this year on further work, including on stopping the use of internal models for
assessing operational risks.
And Jefferies, an investment bank, said that «the transformation that CVS's retail footprint will have to undergo, not to mention the capital and effort required to restructure its 9,000 + store footprint, poses
meaningful operational risk.»
He commenced his senior career with the NAB as the Australian Head of
Operational Risk before joining Bankers Trust as the Regional Vice President Risk Management for Asia / Pacific.
«Airlines still face
significant operational risks even if their long - haul international flights from second - tier Chinese cities are subsidized,» Cadas said.
While the $ 2.36 per share offer only implies a «small» 15 per cent takeover premium to Deutsche's $ 2.05 price target, the research team points to «
recent operational risks in the hospital portfolio, the execution risks of the Northern Beaches greenfield project and our lower revenue growth outlook for the private hospital industry.»
One book will provide candidates with some of the current models and techniques being used in the hedge fund industry to
uncover operational risk, and trends that may lead the way within the industry going forward.
Renewable energy projects lend themselves to securitisation due to their stable income profile and
low operational risks.
«As a fund we stand out because we provide investors with exposure to the macro cycle in agricultural commodities, but without the
consequential operational risk of fluctuating seasons and markets.»
Examples of
operational risk scenarios include rapid lake level rise when the tunnel is closed for repair, and the failure of engineered structures such as the sediment retention structure and levees.
Many of the top risks to gold stocks are related to geopolitical and financial concerns, which will only compound the already
high operational risks.
Kevin Moss is SoFi's Chief Risk Officer and is responsible for helping the company improve its risk position; his work includes improving SoFi's credit underwriting strategies,
reducing operational risk and complexity, and working to ensure clear and compliant customer value propositions in partnership with our legal and compliance department.
The high - quality part might seem obvious — looking for strong fundamentals, durable competitive advantages, and
minimal operational risks should clue you in.
Additional risks include exposure to less developed or less efficient trading markets; social, political or economic instability; fluctuations in foreign currencies or currency redenomination; potential for default on sovereign debt; nationalization or expropriation of assets; settlement, custodial or
other operational risks; and less stringent auditing and legal standards.
The Financial & Risk unit, which generates roughly 55 % of the company's revenues, provides news, information and analytics to investment, financial and corporate professionals; and provides information and solutions for regulatory and
operational risk activities to corporate compliance and risk management professionals.
Richardson joins from EY where he was a partner in the financial services risk management team, leading its
UK operational risk business.
Operational risks involve assessing the code's quality, whether some components might make the code base more expensive to maintain, and so forth.
Phrases with «operational risk»