Operational-Risk Monitoring, Control, Reporting and Mitigation

Operational-Risk Monitoring, Control, Reporting and Mitigation - Article

This article explains how banks monitor, control, report and mitigate operational risk through practical banking cases. It covers risk indicators, control failures, segregation of duties, exception reporting, escalation, insurance, outsourcing, business continuity and corrective action. It helps CAIIB BFM learners identify emerging operational risks, distinguish preventive and detective controls, and select suitable mitigation without assuming that every risk can be completely eliminated.