Risk Mapping and Key Risk Indicators in Operational Risk Management

@inproceedings{Scandizzo2005RiskMA,
  title={Risk Mapping and Key Risk Indicators in Operational Risk Management},
  author={Sergio Scandizzo},
  year={2005}
}
In this article I describe a methodology for the mapping of Operational Risk with the objective of identifying the risks inherent in the different steps of a business process, selecting a set of variables providing an estimate for the likelihood and the severity of operational risk (Key Risk Indicators - KRIs) and designing the most appropriate control activities. I then present two examples of how the methodology described can be applied to map risks and of how a set of relevant KRIs can be… CONTINUE READING

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