Operational Risk Management Service in Bangladesh
We are a team of operational risk management (ORM) experts. As the leader in the industry, we provide top-grade operational risk management service in Bangladesh. From background verification to risk data management or regulatory risk to model risk management; we cover all types of ORM services.
A Bit About Operational Risk
Operational risk events can have huge losses in Business. Financial risk may include credit risk (the likelihood that borrowers will pay back their loans), market risk (the probability that security will fluctuate in value), and liquidity risk (the ability of a bank to meet its obligations to its depositors and counterparties).
The term “operational risk” is the prospect of loss resulting from inadequate or failed procedures, systems, or policies in the business. Operational risk management services, on the other hand, come to the rescue to get rid of the mentioned deficiencies and failures in business processes.
Operational risk management services act upon:
IT operations are sometimes unexpectedly affected by major audit regulations – is your IT team well prepared? The operational risk includes company continuity crisis, process errors, operations risk, financial mismanagement, people-related risks, health and safety hazards, and information technology risks.
Under the Azuwa Team, operational risk can be broken down into seven areas: internal fraud external fraud, employment practices and workplace safety, client’s products and business practice, damage to physical assets, business disruption and systems failures, process mismanagement. Outside of the Basel Accords, other areas of corporate risks are legal, reputational, and market risks.