Managing Operational Risk to Strengthen Business Resilience
Operational risk management is essential for identifying and mitigating risks that arise from internal processes, human errors, system failures, and external events. Unlike credit or market risk, operational risk focuses on the day-to-day functions that keep a business running efficiently. Professionals in this field assess business continuity plans, fraud prevention measures, cybersecurity threats, regulatory compliance, and third-party risks, ensuring that organisations are resilient against unexpected disruptions. By implementing robust control frameworks and continuous monitoring, businesses in traditional finance and digital assets can proactively manage operational risks, minimising financial and reputational damage.
Operational risk professionals require a strong foundation in risk assessment methodologies, internal controls, and regulatory compliance. They must be skilled in process optimisation, incident management, and policy development. Expertise in data analytics, risk modelling, and reporting tools is valuable, along with experience in frameworks such as Basel II/III, ISO 31000, and enterprise risk management systems. Strong problem-solving and communication skills enable them to collaborate with senior management, regulators, and internal stakeholders to mitigate risks effectively. Whether identifying weaknesses in internal systems, responding to regulatory changes, or preventing fraud, experienced operational risk professionals play a critical role in protecting business stability.
TESTIMONIALS
“Our retained search for an Operational Risk specialist led us to a candidate who transformed our risk management framework. Their expertise in regulatory compliance and business continuity planning has significantly strengthened our ability to mitigate risks across both traditional finance and digital assets.”