Detecting and managing operational risks aims to identify those risks which may arise in the performance of the company’s processes

The challenges posed by process- and compliance risk

• to determine those threats which are capable of exploiting the vulnerability of the company’s resources

• to detect the vulnerability of each separate resource

• to analyse only those resources which support processes essential to the company’s operation

• to take account of existing protection measures in calculating risks

• to clearly demonstrate any residual risk once risk management plans have been implemented