Operational Risk & Control (ORC) Best Practice Framework E-Book

John Kabaa

• Herausgeber: BellTower
• Kategorie: Fachliteratur
• Sprache: Englisch

Veröffentlichungsjahr: 2022

Beschreibung

The book shows ways you can implement an operational risk framework with a winning team mentality within the best risk and control environment.

Das E-Book Operational Risk & Control (ORC) Best Practice Framework wird angeboten von BellTower und wurde mit folgenden Begriffen kategorisiert:

Leseprobe

Also by JOHN KABAA KAMAU

2nd Version

Ground State Structural Searches for Boron Atomic Clusters Using Density Functional Theory Ver 2

Standalone

Impact Assessment AAK: Taxes and the Local Manufacture of Pesticides

Impact Assessment by KVA after creating a Veterinary Medicines Directorate

Impact Assessment for the Reform of the Seed & Plant Varieties Act by STAK

Impact Assessment EAGC: The Warehouse Receipts System

KUSCCO: Co-operative policy & legislation

KAM: the Commercial Law Benchbook

KNCCI Vihiga: enabling county revenue raising legislation

RETRAK and the Ministry of Trade Advocacy Partnership

AFIPEK and the State Department of Fisheries: Developing Fisheries Regulations

KCM: Mining & regulatory reform

Nairobi County Trade and Markets Policy plus the Trade, Markets and Infrastructure Bill

Smart Water and Energy Unit

Impact Assessment KAM: Anti Counterfeit Implementation

Impact Assessment KARA: Nairobi City County Solid Waste Management Act

Impact Assessment KARA: Nairobi City County Non-Motorized Transport Policy

Operational Risk & Control (ORC) Best Practice Framework

Watch for more at JOHN KABAA KAMAU’s site.

Contents

Aspire to be the Best ORC Environment

1 - Help Your Business identify and mitigate business risks.

2 - Document internal ORC processes.

3 - Adopt a discipline of Continuous Improvement (CI).

4 - Develop tools to optimize efficiency through technology and process enhancements.

5 - Adopt a methodology of developing the best possible control testing

6 – Feasible Testing conditions

Achieve the Best Results Winning Teams and Culture

1 - Partner with LOBs to jointly understand the risks, processes and associated control tests.

2 - Understand the root risks that ORC tests are designed to measure and mitigate.

3 - Produce audit reports and results that provide valuable and actionable information for ORC Execution & IT’s business partners.

4 - Foster a culture of innovation and creativity.

5 - Achieve cross-training within the ORC team to enhance team and individual employees’ performance.

• Eliminate Single Points of Failure

• Eliminate Inflexible Division of Labor

• Lack of a Team Atmosphere

• Rotation of Duty and Mandatory Vacations as a Security Principle

• Lack of Variety

• Methods to Cross Train Team

––––––––

Operational Risk & Control (ORC) Best Practice Framework

Best Practices Initiative