When identifying operational risks, VLP evaluates critical dependencies in our clients people, processes, systems and external structures.
The impact of operational risk centers upon three primary areas:
Property Exposures
physical assets belonging to or entrusted to the business
Personnel Exposures
risks faced by all those who work for and with the business, including customers, suppliers and contractors
Financial Exposures
risks a company bears in its ability to trade, whether profitability or not, and cover internal and external exposures
When looking at operational risk, it is important to align risk appetite between the company’s capacity for risk and its ability to exploit opportunities and withstand setbacks. At the core of VLP’s RM plan is a non-static approach to monitoring, and the ability to adopt to RM continuous improvement.
Learn how our total rewards program can help you manage operational risks