Operational Risk
Operational risk is defined as the risk of loss resulting from inadequate or failed internal processes, people and systems or from external events. These risks encompass a wide range of risks, including processing, systems, legal, internal & external and compliance.
S&A works with financial institution operational to work to manage and reduce risks by identifying and evaluating potential and inherent risks. Working with clients, S&A discusses measures to prevent incidents that will have a major impact on business or result in losses or inconvenience for their customers or an ineffectively executed risk environment. S&A supports client’s with focused reviews on risk assessment process, policy and procedure, internal / external loss analysis and outsourced vendors’ risk avoidance process.