The term Operational Risk is often used as a universal reference for a broad range of business related threats and is inherent in nearly all human and organisational endeavours. Operational Risk can be defined as the risk of loss (or gain) resulting from inadequate or failed internal processes, people and systems or from external events.
Our approach to Operational Risk encompasses:
Operational Risk is embedded in every facet of an organisation.
The benefits of effectively managing Operational Risk include: