Integrated Programmes for Operational Risk

Yo Delmar

Operational risk management is becoming increasingly integrated across a wide and expanding set of use cases. Risk professionals are moving beyond traditional risk management into regulatory compliance, audit, third-party management, ethics and compliance, privacy, quality management, environmental health and safety, cyber security, business resilience and more. A programme that integrates risk management needs across all stakeholders is focused typically on leading the organisation to better business performance. As a result, leaders across the enterprise are asking for help in setting the vision, plotting the course and implementing integrated programmes that deliver real value, not only to the board, but all organisational units. While most risk leaders have seen benefits from their investments, orchestrating success across this increasingly wide range of stakeholders with diverse approaches to risk and governance can be challenging.

All risk management comes back to this one point: business outcomes. Everything we do is meant to ensure that uncertainty in meeting business objectives is kept within an acceptable level, such that those objectives can be met. This focus on