Equip your organisation with a robust foundation in operational risk management through this comprehensive self-assessment tool, designed to align with global best practices and regulatory expectations. Ideal for risk professionals leading enterprise-wide risk transformations, this programme delivers actionable insights across the full operational risk lifecycle—enabling clearer risk ownership, stronger governance, and enhanced decision-making.
Gain strategic clarity with structured guidance across two core modules:
- Define Your Operational Risk Universe: Systematically identify which business units and third parties to include based on materiality and regulatory exposure. Establish consistent criteria for classifying risks—distinguishing between fraud, human error, and process failure—and align legacy risk registers with internationally recognised frameworks such as Basel II/III. Streamline data integration by connecting HR systems and physical security logs to your central risk repository, ensuring comprehensive loss data governance.
- Identify Risks & Conduct Scenario Analysis: Facilitate high-impact workshops with business leaders to uncover low-frequency, high-severity risks often missed in historical reporting. Leverage benchmark data from industry groups like ORX to calibrate likelihood and severity estimates, and resolve governance ambiguities—such as whether cyber events fall under operational or information security risk. Document critical assumptions using structured techniques like the Delphi method to build consensus among subject matter experts.
This self-assessment empowers risk teams to standardise methodologies, resolve cross-functional conflicts (e.g., compliance vs. operational risk classification), and set defensible thresholds for material incidents based on financial and reputational impact. The result? A more transparent, audit-ready operational risk framework that supports capital modelling, regulatory reporting, and board-level risk oversight across global operations.
Take control of your risk profile today—conduct a rigorous self-assessment and build a stronger, more resilient risk management framework.