Performing Operational Risk Assessment | Operational Risk Management by Banks and FIs

How Operational Risk Assessment is performed using the ORM template, is discussed in this video. What is Operational risk and how Operational Risk Assessment is performed by organizations using a risk assessment template or risk register are discussed. You will get to know about the inherent and residual risk assessments that are performed as part of risk assessment with impact and likelihood assessments.
Financial Institutions perform operational risk management because of the relevant regulatory requirements and complexity of operations.
Do you have any questions, regarding the topic discussed in this video or any questions related to GRC? please ask in the comment section below, so that everyone could get benefit from the questions and answers. I would reply to your questions.
Subscribe to this channel, to remain aware of new upcoming GRC videos.
Risk Management Process
• What is Risk Managemen...
Red flags or Risk Indicators in Trade-Based Money Laundering
• Red Fags and Risk Indi...
What are the Key Sources of Compliance
• What are the Key Sourc...