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  2. Operational risk management - Wikipedia

    en.wikipedia.org/wiki/Operational_risk_management

    The role of the Chief Operational Risk Officer (CORO) continues to evolve and gain importance. In addition to being responsible for setting up a robust Operational Risk Management function at companies, the role also plays an important part in increasing awareness of the benefits of sound operational risk management.

  3. ISO 31000 - Wikipedia

    en.wikipedia.org/wiki/ISO_31000

    ISO 31000 is a family of international standards relating to risk management codified by the International Organization for Standardization. [1] The standard is intended to provide a consistent vocabulary and methodology for assessing and managing risk, resolving the historic ambiguities and differences in the ways risk are described.

  4. Operational risk - Wikipedia

    en.wikipedia.org/wiki/Operational_risk

    Operational risk is the risk of losses caused by flawed or failed processes, policies, systems or events that disrupt business operations. Employee errors, criminal activity such as fraud, and physical events are among the factors that can trigger operational risk. The process to manage operational risk is known as operational risk management.

  5. Advanced measurement approach - Wikipedia

    en.wikipedia.org/wiki/Advanced_measurement_approach

    It has an operational risk management system that is conceptually sound and is implemented with integrity; and It has sufficient resources in the use of the approach in the major business lines as well as the control and audit areas.

  6. Process risk - Wikipedia

    en.wikipedia.org/wiki/Process_Risk

    The use of events logs can help risk managers oversee and evaluate a consolidated database with all associated process risk. This approach does not completely eliminate process risk, yet it is a tool for the evaluation of the overall risk exposure so that the company may be able track and manage the risk linked to the overall business processes ...

  7. Risk management - Wikipedia

    en.wikipedia.org/wiki/Risk_management

    Example of risk assessment: A NASA model showing areas at high risk from impact for the International Space Station. Risk management is the identification, evaluation, and prioritization of risks, [1] followed by the minimization, monitoring, and control of the impact or probability of those risks occurring. [2]

  8. Category:Operational risk - Wikipedia

    en.wikipedia.org/wiki/Category:Operational_risk

    Main page; Contents; Current events; Random article; About Wikipedia; Contact us; Donate

  9. Enterprise risk management - Wikipedia

    en.wikipedia.org/wiki/Enterprise_risk_management

    The COSO "Enterprise Risk Management-Integrated Framework" published in 2004 (New edition COSO ERM 2017 is not Mentioned and the 2004 version is outdated) defines ERM as a "…process, effected by an entity's board of directors, management, and other personnel, applied in strategy setting and across the enterprise, designed to identify ...

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