Question: When establishing an Operational Risk Management Function one needs to follow a structured approach. Describe the eight ( 8 ) steps that are required to

When establishing an Operational Risk Management Function one needs to follow a structured approach.

Describe the eight

(8)

steps that are required to ensure that a structured approach is followed in such a process and provide appropriate examples to illustrate your understanding

(

!!

The steps must be presented in the correct order so as to attract the maximum marks available

) .

When establishing an Operational Risk Management Function one needs to follow

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