Top 10 Operational Risks Flashcards Preview

Section 8.2: IRM - Investment Risk Management > Top 10 Operational Risks > Flashcards

Flashcards in Top 10 Operational Risks Deck (2)
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Top Ten Operational Risks

1. Complacency (trivializing and disregarding risks)
2. Blind leading the blind (overextended and underqualified managers)
3. Novices, Apprentices, and Soloists (inadequate training or cross training)
4. Dropped Batons (hand-offs)
5. Naive reliance on technology (the downsides of automation)
6. Playbooks (workflow documentation)
7. Amalgamated assignments (improper segregation of duties)
8. Reconciliation gaps (a false sense of security)
9. Reading the fine print (know thy legal entities)
10. Poor planning and slow response

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