SVP, First Line Risk Manager, First Citizens Bank
Adriaan Boon Van Ostade
VP Customer Success, MetricStream
Associate Director Marketing, MetricStream
Natural disasters, geopolitical conflict, cyberattacks, and disruptions to supply chains are common external risks, but there are risks within your organization, too. Internal risks stemming from digital transformation, such as decentralization or adoption of new technology, strategic initiatives, etc. can also bring into question the stability of subunits and compliance with regional regulations. It’s essential to take a step back to assess and realign operational risk management strategies and determine where attention should be directed immediately for recovery action in case of a crisis.
Effective operational risk management coupled with strong governance has the potential to strengthen operational resilience while delivering advanced, forward-looking risk oversight and ensuring the business experiences little disruption.
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