Mash Risk Television LOG IN

Log in now to watch this video

Not a Mash Networks subscriber yet? Join for free!

Sign up here!

How Does Operational Risk Fit in an Enterprise Risk Management Reporting Structure?

Mash Risk Television

Freddie Mac
Patrick McDermott, Director Operational Risk

Runtime: 5:04

Key Takeaways

Example of Op Risk in an Enterprise Risk Management Reporting Structure:

  1. Board:
    • Provides independent review of risks to the firm
    • Approves policies and guidelines which govern enterprise risks
  2. Enterprise Risk Management Committee:
    • Drives coordination between Credit, Market, Op, Reputation and Strategic Risk
  3. Op Risk Sub-Committee:
    • Reviews business line Op Risk profiles, monitors risk environment
    • Examines firm-wide risk issues and action plan implementation
  4. Operational Risk Management Department:
    • Provides independent review of open risk issues, action plans
    • Coordinates output into enterprise analysis
  5. Business Line/Op Risk Managers:
    • Business line owns the risk
    • Op Risk managers implement risk management tools

Web Presentations Events Calendar White Papers
Networks Things You Can Do
Copyright © 2015 Mash Networks, LLC. All rights reserved.
Privacy Policy    Terms of Service