Section 1: Introduction to Risk Management Frameworks and Operational Risk Management Practices

Operational risk is the risk of losses caused by flawed or failed processes, policies, systems or events that disrupt business operations. As part of learning about how to manage this risk, we will also learn how to manage risk across an enterprise.

Lesson 1 A: Introduction

We will look at an overview of Enterprise Risk Management Frameworks, an introduction to Operational Risk Practices and how we can help with both of these by Continuing to Embed Good Practices in our firms.

Please check if you have understood the material - these exam focus items will also help you prepare for any related exam:

 - Be able to define and give the benefits of a Enterprise Risk Management Framework
 - Know how Operational Risk Practices can be used within that framework
 - Know the suggested Good Practices

Now, test your knowledge with the MCQ below:

Next Steps

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