Building an Effective Operational Risk Management Framework

The episode explores the challenges of creating effective Operational Risk Management (ORM) frameworks. It highlights common pitfalls such as overcomplication, siloed responsibilities, and a reactive approach. The ideal framework, the text argues, should be simple, practical, and integrated into daily operations, fostering a proactive risk-aware culture. Examples of successful implementations in leading firms are provided, illustrating key components such as clear governance, risk identification processes, and continuous improvement. Ultimately, the episode emphasises that a successful ORM framework contributes to organisational resilience and informed decision-making.🎧 Tune in now for expert insights and get actionable strategies for your organization. Follow The Compliance Officers Playbook show/page and tap the (🔔) for 𝐝𝐚𝐢𝐥𝐲 𝐜𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬, 𝐭𝐫𝐞𝐧𝐝𝐬, 𝐚𝐧𝐝 𝐦𝐨𝐫𝐞. If you enjoyed this episode, we’d love to hear from you! Follow us to stay updated on future episodes, and don’t forget to leave a review and rating ⭐️⭐️⭐️⭐️⭐️Your feedback helps us improve and reach more listeners like you. Thank you for your support! ❤️🙏

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