Perceptions are changing about operational risk management (ORM).

So often in the past, C-suite executives discounted the function as an essential – but essentially, a checkbox-ticking – exercise. These same executives saw the risk management department as one whose function was solely to aggregate risk data and generate reports on it.

The ORM function has had an historical focus on responding to crises, developing worst-case scenarios and bringing visibility to the organization’s mistakes and problems. It’s easy to see how organizations developed a negative perception of ORM.

The aim of this eBook is to banish the negativity and elevate the ‘Op Risk’ function from monotonous reporting, and worst-case scenarios to providing expertise to the C-suite. This knowledge will enable them to improve processes, make decisions, drive competitive advantage, and decipher which risks are worth taking to accomplish strategic plans. Unlock the potential of your Operational Risk team.

Digital transformation (DX) is not a destination or a journey; it is a technology-enabled philosophy. A belief system for seeking improved outcomes using technology to digitize data and activities. Once you embrace this definition, you’ll realize that you are already following it by way of the IT, telephony, software, GPS and devices used in your business today.The question then changes from ‘What can DX do for my business?’ to ‘How much can DX improve my business?’