This Operational Risk Management Framework is accomplished through a process that includes governance structure, operational risk identification, assessment, measurement methodologies, policies, procedures, and strategies for mitigating, controlling, monitoring, and reporting operational risks. ORMF includes organizational factors such as issue management, key risk indicators, control and selfassessment, and external and internal data loss. This results in more effective policy structuring, strategizing, and implementation, resulting in better governance. To get started, you can use EdrawMax online to create this Operational Risk Management Framework.
