Learn about model risk, its causes, management strategies, and real-world examples from financial industry pitfalls. Unlock ...

Companies that want to achieve a sustainable and profitable business need to focus on three dimensions of their operations, generally speaking. First is value protection, a foundational concern that ...

06 October 2005 With the Basle II Revised Framework now very much in the forefront of banks' priorities, it is now a prerequisite that banks demonstrate a sound operational risk management and control ...

Discover what the Professional Risk Manager (PRM) certification entails, including exams, career opportunities, and its ...

Human-free (robo) bank branches operating autonomously with software and embodied robots are now a reality, posing significant operational risks. Robots utilizing diverse underlying technologies ...

Schmidt, William, and Ananth Raman. "Operational Disruptions, Firm Risk, and Control Systems." Manufacturing & Service Operations Management 24, no. 1 (January ...

One of the biggest issues you may face with your customers is the lack of a good definition of what you think you are doing ...