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Identification, quantification and monitoring of operational risk

Author

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  • Baijal, Rajat

    (Cantor Fitzgerald, USA)

Abstract

This paper analyses some of the challenges of operational risk. Specifically it looks at using the risk and control self-assessment (RCSA) process to effectively identify and assess operational risk, using key risk indicators (KRIs) to enable a dynamic process around monitoring of operational risks and utlising the risk event management process to record and manage loss of data and perform appropriate trend analysis to enhance the control environment.

Suggested Citation

  • Baijal, Rajat, 2021. "Identification, quantification and monitoring of operational risk," Journal of Securities Operations & Custody, Henry Stewart Publications, vol. 13(3), pages 253-263, June.
    • Handle: RePEc:aza:jsoc00:y:2021:v:13:i:3:p:253-263
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    More about this item

    Keywords

    operational risk; risk and control self-assessment (RCSA); key risk indicators (KRIS); risk event management;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • K22 - Law and Economics - - Regulation and Business Law - - - Business and Securities Law

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