Gartner highlights that emerging artificial intelligence (AI) systems are transforming how organisations manage operational risk, enabling a shift towards resilience-driven frameworks. According to the report, traditional operational risk management focused primarily on identifying failures and ensuring compliance. However, with increasing Read More …
Tag: Operational Risk
Gartner: AI Systems Driving Shift from Operational Risk to Resilience
Security Risk Management Extends Beyond Illegal Mining
Security risk management in the mining sector is evolving beyond the traditional focus on illegal mining, encompassing a broader spectrum of operational, environmental, and strategic risks. The article highlights the need for a more comprehensive and integrated approach to managing Read More …
Branch Operations & Internal Control Management in Banking Case Study
Branch Operations Internal Control Case Study Banking highlights how small gaps in daily branch processes can lead to significant operational and audit risks. Branch-level activities such as account opening, cash handling, reconciliation, and customer servicing involve multiple control checkpoints. When Read More …
What is Risk Management? A Simple, Practical Guide
Why do stable businesses suddenly collapse? Why do financial institutions fail despite appearing strong? The answer often lies not in the absence of opportunity, but in the mismanagement of risk. Risk is inherent in every decision. Whether it is entering Read More …
Corporate Fever: Why Organizations Must Escalate Risk Before Crisis
In medicine, fever is often perceived as a symptom to be suppressed. Yet biologically, fever serves an important purpose. When bacteria or viruses enter the human body, the immune system responds by raising the body’s temperature. This increase in temperature Read More …
Risk Management in Mutual Funds Explained
Risk management in mutual funds is fundamental to protecting investor capital and maintaining market trust. While mutual funds are designed to diversify risk, the asset management industry itself operates in a highly volatile and regulated environment. Asset Management Companies manage Read More …
ReAssure Alliance Advocates Shift Toward Operational Risk Management
ReAssure Alliance Group has emphasised the growing importance of transitioning from speculative risk approaches to structured operational risk management frameworks, as organisations confront increasingly complex business environments. The group highlighted that many organisations historically focused on speculative risks—those linked to Read More …
Risk Management in Construction Industry Explained
The construction sector serves as the backbone of the Indian economy, acting as a primary driver for infrastructure development and industrial growth. However, this sector is also one of the most volatile. Characterized by high capital intensity and exceptionally long Read More …
Third-Party Risk Management Gains Priority Amid Regulatory Scrutiny
Organisations are strengthening third-party risk management frameworks as regulators intensify scrutiny of outsourcing arrangements and vendor oversight practices. Increasing reliance on external service providers for technology, operations and customer-facing functions has expanded exposure to operational, cyber and compliance risks. Regulatory Read More …
Online Certificate Course on Risk Management Culture: Building Risk Awareness
Even the best risk frameworks fail when culture is weak. This 5-hour online course by Smart Online Course helps professionals understand how risk management culture – not just policies or controls – determines real-world outcomes. From leadership tone and group dynamics Read More …