Operational Risk and Resilience

and typically has a performance-monitoring role. A core

responsibility of the team is that risk management must be

made accountable at all levels throughout the organization.

The roles and responsibilities of such a team could include:

•

being a primary advocate for operational risk management

at the strategic and operational levels of the organization;

•

providing policy, framework and methodologies to business

units to assist in the identification, analysis and manage-

ment of risk to ensure that business objectives are met more

effectively;

•

developing risk response processes to assist in the identifi-

cation of the type and level of response required, ...