Mandate expands, but money doesn’t
Operational risk managers face two contradictory forces: greatly increased responsibility but not-so-greatly increased resources, according to our third annual global operational risk survey. By Ellen Davis
THE remit of operational risk managers is expanding, while the importance of their responsibilities to firms continues to grow. But, at the same time, op risk mangers are not seeing an increase in the amount of resources they have at their disposal to carry out the various tasks that have been assigned to them, which may leave many of them in an awkward spot if their firm suffers large losses.
This is one of the core conclusions of our third annual global operational risk survey, conducted in
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