Risk management is essential in every organization. As internal and external business environments have continued to evolve, the threat landscape has become more complex, as have processes for identifying and managing risks. Operational risk management has become more challenging as businesses expand their products and services. This introduces more suppliers and other third parties, and introduces new information management processes and systems as well. Siloed operations each managing siloed risks in siloed systems make risk management more chaotic and reduce clarity. Modernization of operational risk management is essential.
Read this eBook to delve deeper into:
- Operational risk initiatives and resource allocation
- Communication challenges in engaging front line, board & senior management
- Problems due to disconnected data