Designing Operational Risk Management (ORM) Framework (PowerPoint PPT)

Operational Risk is the risk of loss resulting from inadequate or failed internal processes, people, and systems or from external events. Operational Risk Management (ORM) is the management function of identifying, analyzing, and responding to these operational risks. ORM involves the systematic assessment of potential operational risks, the implementation of controls to mitigate or eliminate those risks, and the continuous monitoring of the effectiveness of those controls.

ORM is an important part of overall Risk Management and helps organizations to identify, evaluate, and prioritize risks in order to make informed decisions about how to allocate resources and implement controls to manage those risks. ORM is applicable to a wide range of organizations and industries, including financial services, healthcare, manufacturing, and government agencies.

The presentation will show you how to design the Operational Risk Management (ORM) framework, so that you will be able to prepare and present:

•  Business strategy and risk appetite
•  ORM policy deployment and implementation approaches
•  ORM methods and tools
•  and more

Specific topics covered include structural differences between risk types, Basel II requirements, corporate governance, COSO's ERM framework, continuous ORM cycle, critical success factors, Corporate Loss Database (CLD), key risk indicators, among other topics.

This also includes an accompanying Risk Glossary