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Organizational framework and Responsibilities

Without a clear vision, mandate, framework and responsibilities, operational risk management will fail. Day-to-day management of operational risk is the responsibility of the business units. Corporate management is charged with enterprise-wide policy and standards, supporting and holding the business units accountable.

How can Haselfrė help?

Haselfrė empowers the board in setting the eight path for a governed organization. We help the board set the right strategies, align their strategies in accordance with good governance practices, use the sustained balanced scorecard methodology to align their vision and help them set the right performance criteria for preventive action.
Value proposition of Haselfrë

Haselfrë empowers the board in setting the eight path for a governed organization. We help the board set the right strategies, align their strategies in accordance with good governance practices, use the sustained balanced scorecard methodology to align their vision and help them set the right performance criteria for preventive action
   
       
 

Myths & Realities

 
  Common ORM Myth:
"Risk Measurement = Risk Management"
 
     
  Best practices

Best Practices

 
 

Empower business units with reponsibility for risk management

 
 

Support and leverage coroporate units' capabilities and contributions

 
 

Desingate an operational risk management unit to server as facilitator

 
     
       
  building blocks and best practices

Building Blocks

 
 

Enterprise-wide Vision, Culture & Committment

 

Organizational Framework and Responsibilities

 

Framing Strategies for Operational Risk Responses

 

Dynamic Risk Monitoring and Management

 

Financial & Regulatory Management Positioning

 

Operational Risk Management Technology

     
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