Operational Risk Review

When an operational risk happens, no reward comes from it. It only results in a downside in the form of lost reputation and lost resources, whether finances, assets, key customer or people. Operational risks come from the normal daily and routine business operations and is therefore closely linked to all other risks. A large percentage of preventive measures to cover operational risk issues are captured in organisation policies and procedures.

Regulatory requirements and sometimes the need for improved performance are the main reasons organisations are spending to put in place formal enterprise risk management frameworks and processes to manage an array of risks.

Successful organisations want an operational risk framework that is able to anticipate and alert of key uncertainties and risks in close to real time. More importantly, organisations are looking for a framework that is able to help them respond quickly and in the best way possible to known and emerging risks.

Infosol risk consulting will help your organisation to make risk management more rewarding through improved business performance. We believe that having the right preventive measure in place today and a good compliance culture can save you millions in the future. Our approach is to coordinate through a systematic process, our risk management consultancy will coordinate business-wide operational risk assessments, review your organisational risks against a risk appetite and set up practical risk monitoring tools and mitigation strategies.