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.
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Watch This Video if you are planning for Operational Risk Manager ORM job interview
- Top 3 Interview Questions for Operational Risk Manager Job
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Operational risk relates to people risk, process risk, system risk, and external events-related risks, which may affect the operations of the organization.
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.
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My Suggestions to you for learning;
Learn about Operational Risk Management
Learn about How Risk Registers are Prepared In Institutions
Learn Anti Money Laundering AML Compliance
Learn Regulatory Compliance
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