Date:
This article was written by
German Public Auditor, Partner, Financial Services
Partner, Financial Services
Manager, Financial Services
Senior Consultant, Financial Services
Senior Consultant, Financial Services
Operational risk has become a strategic priority for financial institutions. Rising regulatory expectations, increasing digitalization and a rapidly evolving threat landscape are fundamentally changing how financial institutions identify, assess and manage operational risk. At the same time, growing reliance on third-party providers, cloud services and artificial intelligence is introducing new dependencies and creating additional challenges for governance, resilience and risk oversight.
Against this backdrop, financial institutions are expected to move beyond traditional compliance approaches. An integrated operational risk framework that combine resilient governance, robust ICT and third-party risk management, high-quality risk data and forward-looking risk assessment capabilities sets apart the best from the rest. Meeting these expectations enhances decision-making and respond more effectively to disruptional events and trends.
Our latest Risk Excellence Compass examines the most significant developments shaping operational risk management today via a horizontal study. Drawing on current regulatory initiatives, supervisory priorities and emerging market trends, it provides practical insights into operational resilience, third-party risk, operational risk data and reporting, governance, and the growing role of artificial intelligence in risk management. The publication highlights leading practices and offers actionable recommendations to help financial institutions strengthen their control environment, increase transparency and build lasting resilience in an increasingly complex regulatory landscape.
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Download the Operational Risk Excellence Compass today and discover how your institution can establish a more resilient, transparent and future-ready operational risk framework.