Operational Risk (OR) due to people, process and system failures, or from external events, is one of the most important risk categories in many financial services firms such as investment firms, insurance intermediaries and central securities depositories.
Our team of consultants led by Mariano Selvaggi assists clients in optimising their operating capabilities across all areas of their operational risk management framework, from risk appetite statements to risk and control self-assessments to incident data collection and analysis.
OR Management Framework
How we can help
We provide risk and regulatory advice that covers a broad range of areas of firms’ OR framework, for example we can help with:
- Review and improvement of risk and control self-assessments
- OR identification, quantification and reporting for ICAAP/Solvency II purposes
- Operational loss incidents (e.g. reporting, root causes, deep dives)
- Financial crime frameworks and risk assessments
- Development of risk appetite frameworks and risk MI
- Scenario analysis and identification of emerging risks
- Effective governance and oversight of significant outsourcing arrangements.