Operational Risk Toolkit

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Establish a framework to ensure Compliance Programs throughout your organization are effective and efficient in identifying, preventing, and detecting existential and organization wide risk of non compliance as it relates to the privacy of your customers, the health of your organization, and your key partners.

More Uses of the Operational Risk Toolkit:

  • Ensure you convey; lead systems capacity and efficacy are adequately monitored and any issue addressed efficiently and Operational Risk Analysis, monitoring, controls and mitigations remains reflective of the changing environment.

  • Develop: partner with Operational Risk and Technology Risk staff to facilitate the maintenance of business unIT Risk registers and related Risk Identification, assessment and action activities.

  • Lead: track and categorize Operational Risk incidents and losses; conduct analysis on significant incidents to assure root causes have been identified and mitigation applied at organization wide level.

  • Assure your design complies; directs the development and monitoring of key Risk Indicators and facilitate communication and resolution of cross Business Risk issues among other business segments where applicable.

  • Facilitate Process Engineering, risk remediation, and mitigation of Operational Risk in a high velocity culture by collaborating to introduce technology, requirements, deliverables, gaps, and Systems Design.

  • Direct: control executives are actively involved in designing, implementing and enhancing first line controls or non financial risks by partnering with leaders across aligned business and functions.

  • Identify strengths and weaknesses in the overall program to ensure a path of Continuous Improvement that supports better identification of Operational Risks and avoidance of errors, fines and losses, etc.

  • Pilot: Service Applications / systems and provide a level of application/ systems/ operational availability that meets or exceeds established standards/service levels, while minimizing Operational Risk.

  • Ensure your organizations risk Management Policies and strategies are in compliance with applicable regulations, rating organization standards, and strategic imperatives of your organization.

  • Be accountable for reviewing and evaluating new Business Initiatives; ensuring that key Operational Risks are identified and managed and that appropriate stakeholders are engaged in the approval process.

  • Confirm your organization complies; operations risk and control ensure adequate controls are in place, through providing an Integrated Risk and control framework to govern, assess, mitigate and manage financial and Operational Risk in operations.

  • Confirm you command; lead the strategy, design, and architecture of a comprehensive Enterprise Risk Management Program (ERM) to ensure key decisions align with the risk taking philosophy of the enterprise.

  • Establish that your planning participates in the application of Operational Risk policies, technology and tools, and Governance Processes to create lasting solutions for minimizing losses from failed Internal Processes, inadequate controls, and Emerging Risks.

  • Provide direction and deliver training to Line Of Business personnel, Risk Management staff and others on regulatory matters, compliance Policies and Procedures, Operational Risk Best Practices and other industry Best Practices.

  • Methodize: partner with thE Business to continually improve Operational Risk processes and business operating models, support safE Business growth, and inform and influence risk based Decision Making.

  • Establish that your venture leads the design, implementation and sustainability of Operational Risk Management Programs and practices (Scenario Analysis, Event Data Collection, Business Environment Internal Control Framework, Key Risk Indicators).

  • Pilot: consumer operations change program and business in assessing the operations risk and Control Environment, identifying Improvement Opportunities, reporting, monitoring key Risk Metrics and providing governance with respect to all risk and control related matters.

  • Establish: work closely with the Business Leaders to provide advice and guidance on risk and process decisions; ensures ongoing Operational Risk taking activities remain consistent with the ERM program parameters and all Policies and Procedures.

  • Confirm your team contributes to the implementation of new risk policies, practices, appetites, and solutions to ensure holistic understanding and management of risks according to industry Best Practice.

  • Control: oversight of the formal enterprise Risk Management Program that results in the identification, assessment, and monitoring of strategic and Operational Risks supporting Corporate Governance programs and regulatory obligations.

  • Evaluate: proactively work with assigned business unIt Management to identify and assess the Operational Risks associated with Business Activities, ensuring alignment with the corporate Operational Risk framework.

  • Contribute to the development of the markets and trading Operational Risk Management Framework, standards and methodology, and providing updates on a periodic basis in line with the changing Risk Profile.

  • Confirm your enterprise ensures a rigorous and robust process for asset planning and capital Program Management, in order to drive investment appraisal decisions, balancing financial and Operational Risks.

  • Drive CyberSecurity Engineering solutions, framework, roadmap, program optimization, Process Engineering, risk remediation, and mitigation of Operational Risk in a high velocity culture by assessing technology, requirements, deliverables, gaps and Systems Design.

  • Manage and direct the enterprise and Operational Risk Programs to ensure controls are in place and aligned to achieve strategic Business Initiatives and meet Regulatory Requirements.

  • Lead Scenario Analysis preparation supporting analytical approaches to estimate stress losses across a range of Operational Risks and a variety of business, operational and financial market conditions.

  • Assure your business leads a group of CyberSecurity Risk specialists/analysts or operates as an Cybersecurity individual contributor for a sophisticated and complex business that exists in multiple geographic locations and/or multiple jurisdictions.

  • Assure your venture leads the overall management of Process Performance by developing control limits, monitoring Key Performance Indicators and informing stakeholders of any deficiencies, improvements, Operational Risks issues, etc.

  • Warrant that your organization acts as the primary regulatory interface on CyberSecurity Risk issues and requirements for a key business segment of your organization and assesses and provides direction for existing and new regulations.

  • Ensure you officiate; lead the design, implementation and sustainability of Operational Risk Management Programs and practices (Scenario Analysis, Event Data Collection, Risk and Control Assessment, Key Risk Indicators).


Save time, empower your teams and effectively upgrade your processes with access to this practical Operational Risk Toolkit and guide. Address common challenges with best-practice templates, step-by-step Work Plans and maturity diagnostics for any Operational Risk related project.

Download the Toolkit and in Three Steps you will be guided from idea to implementation results.

The Toolkit contains the following practical and powerful enablers with new and updated Operational Risk specific requirements:

STEP 1: Get your bearings

Start with...

  • The latest quick edition of the Operational Risk Self Assessment book in PDF containing 49 requirements to perform a quickscan, get an overview and share with stakeholders.

Organized in a Data Driven improvement cycle RDMAICS (Recognize, Define, Measure, Analyze, Improve, Control and Sustain), check the…

  • Example pre-filled Self-Assessment Excel Dashboard to get familiar with results generation

Then find your goals...

STEP 2: Set concrete goals, tasks, dates and numbers you can track

Featuring 999 new and updated case-based questions, organized into seven core areas of Process Design, this Self-Assessment will help you identify areas in which Operational Risk improvements can be made.

Examples; 10 of the 999 standard requirements:

  1. Where can you go to verify the info?

  2. What resources or support might you need?

  3. Are you / should you be revolutionary or evolutionary?

  4. How will you know when its improved?

  5. How is Operational Risk project cost planned, managed, monitored?

  6. Who is responsible for Operational Risk?

  7. What are the rules and assumptions your industry operates under? What if the opposite were true?

  8. Is the scope of Operational Risk Cost Analysis cost-effective?

  9. What tests verify requirements?

  10. Who will facilitate the team and process?

Complete the self assessment, on your own or with a team in a workshop setting. Use the workbook together with the self assessment requirements spreadsheet:

  • The workbook is the latest in-depth complete edition of the Operational Risk book in PDF containing 994 requirements, which criteria correspond to the criteria in...

Your Operational Risk self-assessment dashboard which gives you your dynamically prioritized projects-ready tool and shows your organization exactly what to do next:

  • The Self-Assessment Excel Dashboard; with the Operational Risk Self-Assessment and Scorecard you will develop a clear picture of which Operational Risk Areas need attention, which requirements you should focus on and who will be responsible for them:

    • Shows your organization instant insight in areas for improvement: Auto generates reports, radar chart for maturity assessment, insights per process and participant and bespoke, ready to use, RACI Matrix
    • Gives you a professional Dashboard to guide and perform a thorough Operational Risk Self-Assessment
    • Is secure: Ensures offline Data Protection of your Self-Assessment results
    • Dynamically prioritized projects-ready RACI Matrix shows your organization exactly what to do next:


STEP 3: Implement, Track, follow up and revise strategy

The outcomes of STEP 2, the self assessment, are the inputs for STEP 3; Start and manage Operational Risk projects with the 62 implementation resources:

  • 62 step-by-step Operational Risk Project Management Form Templates covering over 1500 Operational Risk project requirements and success criteria:

Examples; 10 of the check box criteria:

  1. Cost Management Plan: Eac -estimate at completion, what is the total job expected to cost?

  2. Activity Cost Estimates: In which phase of the Acquisition Process cycle does source qualifications reside?

  3. Project Scope Statement: Will all Operational Risk project issues be unconditionally tracked through the Issue Resolution process?

  4. Closing Process Group: Did the Operational Risk Project Team have enough people to execute the Operational Risk Project Plan?

  5. Source Selection Criteria: What are the guidelines regarding award without considerations?

  6. Scope Management Plan: Are Corrective Actions taken when actual results are substantially different from detailed Operational Risk Project Plan (variances)?

  7. Initiating Process Group: During which stage of Risk planning are risks prioritized based on probability and impact?

  8. Cost Management Plan: Is your organization certified as a supplier, wholesaler, regular dealer, or manufacturer of corresponding products/supplies?

  9. Procurement Audit: Was a formal review of tenders received undertaken?

  10. Activity Cost Estimates: What procedures are put in place regarding bidding and cost comparisons, if any?

Step-by-step and complete Operational Risk Project Management Forms and Templates including check box criteria and templates.

1.0 Initiating Process Group:

2.0 Planning Process Group:

3.0 Executing Process Group:

  • 3.1 Team Member Status Report
  • 3.2 Change Request
  • 3.3 Change Log
  • 3.4 Decision Log
  • 3.5 Quality Audit
  • 3.6 Team Directory
  • 3.7 Team Operating Agreement
  • 3.8 Team Performance Assessment
  • 3.9 Team Member Performance Assessment
  • 3.10 Issue Log

4.0 Monitoring and Controlling Process Group:

  • 4.1 Operational Risk project Performance Report
  • 4.2 Variance Analysis
  • 4.3 Earned Value Status
  • 4.4 Risk Audit
  • 4.5 Contractor Status Report
  • 4.6 Formal Acceptance

5.0 Closing Process Group:

  • 5.1 Procurement Audit
  • 5.2 Contract Close-Out
  • 5.3 Operational Risk project or Phase Close-Out
  • 5.4 Lessons Learned



With this Three Step process you will have all the tools you need for any Operational Risk project with this in-depth Operational Risk Toolkit.

In using the Toolkit you will be better able to:

  • Diagnose Operational Risk projects, initiatives, organizations, businesses and processes using accepted diagnostic standards and practices
  • Implement evidence-based Best Practice strategies aligned with overall goals
  • Integrate recent advances in Operational Risk and put Process Design strategies into practice according to Best Practice guidelines

Defining, designing, creating, and implementing a process to solve a business challenge or meet a business objective is the most valuable role; In EVERY company, organization and department.

Unless you are talking a one-time, single-use project within a business, there should be a process. Whether that process is managed and implemented by humans, AI, or a combination of the two, it needs to be designed by someone with a complex enough perspective to ask the right questions. Someone capable of asking the right questions and step back and say, 'What are we really trying to accomplish here? And is there a different way to look at it?'

This Toolkit empowers people to do just that - whether their title is entrepreneur, manager, consultant, (Vice-)President, CxO etc... - they are the people who rule the future. They are the person who asks the right questions to make Operational Risk investments work better.

This Operational Risk All-Inclusive Toolkit enables You to be that person.


Includes lifetime updates

Every self assessment comes with Lifetime Updates and Lifetime Free Updated Books. Lifetime Updates is an industry-first feature which allows you to receive verified self assessment updates, ensuring you always have the most accurate information at your fingertips.