Category: operational risk management

Jul052014July 5, 2014October 10, 2014by Fadi Al-khatib

How to Perform Operational Risk Assessments?

Posted in operational risk management

Fadi Al-khatib

Manager at CAREWeb
Fadi has BA degree in Accounting, and he is a Certified Operational Risk Executive. He has more than three years practical experience in the field of internal audit in one of the biggest banks in Jordan Before joining Grant Thornton in 2008 as a Senior Consultant, where he has conducted audit assignments in several companies, branches and business units.  Fadi has participated in the preparation and execution of many CRSA workshops and the implementation of Operational Risk Management systems for large clients in various industries.

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Rating: Risks are inherent principles of business functions and processes. While we have control over some risks, others are just not in our hands. Operational risk is a risk classification on which we have power to a large extent. Assessing and evaluating operational risks is vital. Organizations should develop foolproof assessment programs, as understanding and…

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How to Perform Operational Risk Assessments? was last modified: October 10th, 2014 by Fadi Al-khatib

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Jun152014June 15, 2014November 3, 2014by Mohammed Nasser Barakat
Alan

Factors That Make Operational Risk Assessments Go Haywire

Posted in operational risk management

Mohammed Nasser Barakat

Partner at CAREWeb
(Mohammed Nasser) Barakat, is the BRS Service Line Leader for the ME region. Nasser has an MBA in Professional Accounting and a BS Degree in Banking and Finance.He is a Certified Public Accountant in Colorado State, USA, a Certified Control Self Assessment Practitioner and a Certified Fraud Examiner. Find me on

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Rating:   Operational Risk Assessments can go haywire because of a number of reasons. And here are a few things you need to set right to eliminate the causes behind failed risk assessments: Building the right risk culture A standard risk language has to be created This common understanding and uniform language also facilitates smooth…

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Factors That Make Operational Risk Assessments Go Haywire was last modified: November 3rd, 2014 by Mohammed Nasser Barakat

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Jun102014June 10, 2014November 3, 2014by Danish Inam Zubairi

Secure Your Business from External Attacks!

Posted in operational risk management

Danish Inam Zubairi

Consultancy Supervisor at CAREWeb
Danish has MSc. degree in Distributed Systems and Network Security from University of Hertfordshire, UK. He has more than 7 years of experience in the Field of Information Technology in area of Business Analysis, Software Development, Network Security, Cryptography, Data Governance and IT Audit.  He has carried out several IT Audits and CRSA workshops for IT divisions. Before joining Grant Thornton in 2010 as Consultancy Supervisor, he was a Manager with Acuate Software Ltd in London, UK leading the Data Quality and Data Governance Services.  Danish has conducted several IT related training courses in various fields.

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Recent articles have adequately discussed how to save your company from internal downfalls. But there is another major operational risk hovering around businesses – external infiltration of company systems and data. The recent Heartbleed attack has indeed bled the cyber world and drawn attention from almost everyone using the cyberspace for business. There is no…

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Secure Your Business from External Attacks! was last modified: November 3rd, 2014 by Danish Inam Zubairi

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Jun052014June 5, 2014November 3, 2014by Mohammed Nasser Barakat
Five Tips to Sense Operational Risks in Your Organization

Five Tips to Sense Operational Risks in Your Organization

Posted in operational risk management

Mohammed Nasser Barakat

Partner at CAREWeb
(Mohammed Nasser) Barakat, is the BRS Service Line Leader for the ME region. Nasser has an MBA in Professional Accounting and a BS Degree in Banking and Finance.He is a Certified Public Accountant in Colorado State, USA, a Certified Control Self Assessment Practitioner and a Certified Fraud Examiner. Find me on

Latest posts by Mohammed Nasser Barakat (see all)

Alan, the company’s CEO is concerned about the risks of an upcoming new project. Alan has always been proactive with risk management and hence calls a meeting with his Risk Manager, Jack and Head of Operations, Sarah. Jack is a witty risk manager and he comes up with some techniques that could help Sarah deal…

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Five Tips to Sense Operational Risks in Your Organization was last modified: November 3rd, 2014 by Mohammed Nasser Barakat

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May152014May 15, 2014October 10, 2014by Fadi Al-khatib
ORM

Watch Out for Operational Risks in Your Business Grounds

Posted in operational risk management

Fadi Al-khatib

Manager at CAREWeb
Fadi has BA degree in Accounting, and he is a Certified Operational Risk Executive. He has more than three years practical experience in the field of internal audit in one of the biggest banks in Jordan Before joining Grant Thornton in 2008 as a Senior Consultant, where he has conducted audit assignments in several companies, branches and business units.  Fadi has participated in the preparation and execution of many CRSA workshops and the implementation of Operational Risk Management systems for large clients in various industries.

Latest posts by Fadi Al-khatib (see all)

Managers often overlook operational risks, letting financial, strategic and compliance risks gain priority. They tend to escape the fact that operational risk management is significant and integrated with other risk zones. Let’s have a look at the following scenario to know how Alan, Jack and Sarah face a challenge in their company. Sarah is an…

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Watch Out for Operational Risks in Your Business Grounds was last modified: October 10th, 2014 by Fadi Al-khatib

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Mar152014March 15, 2014October 10, 2014by Mohammed Nasser Barakat
Operational Risks

Operational Risk Management and Innovation – Cure For Risks Faced In Organizations

Posted in operational risk management

Mohammed Nasser Barakat

Partner at CAREWeb
(Mohammed Nasser) Barakat, is the BRS Service Line Leader for the ME region. Nasser has an MBA in Professional Accounting and a BS Degree in Banking and Finance.He is a Certified Public Accountant in Colorado State, USA, a Certified Control Self Assessment Practitioner and a Certified Fraud Examiner. Find me on

Latest posts by Mohammed Nasser Barakat (see all)

Although it might sound surprising, a few businesses across the world still think that innovation and risk management do not go hand in hand. Innovation and risk management are increasingly seen as adversaries, rather than being complementary. When appropriately combined, the two can help organizations leverage on opportunities that spring from a risk-averse culture. On…

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Operational Risk Management and Innovation – Cure For Risks Faced In Organizations was last modified: October 10th, 2014 by Mohammed Nasser Barakat

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Mar102014March 10, 2014October 10, 2014by Mohammed Nasser Barakat
ORM Software

The 7 – Step Approach to Mitigate Operational Risk Management

Posted in operational risk management

Mohammed Nasser Barakat

Partner at CAREWeb
(Mohammed Nasser) Barakat, is the BRS Service Line Leader for the ME region. Nasser has an MBA in Professional Accounting and a BS Degree in Banking and Finance.He is a Certified Public Accountant in Colorado State, USA, a Certified Control Self Assessment Practitioner and a Certified Fraud Examiner. Find me on

Latest posts by Mohammed Nasser Barakat (see all)

Operational risks impact the reputation and financial stability of a business significantly. A lack of strong risk mitigation strategies results in various operational failures, leading to crises in organizational management. That is why many businesses have started procuring significant resources to design a more robust risk-management framework. Contemporary businesses are particularly keen to develop business…

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The 7 – Step Approach to Mitigate Operational Risk Management was last modified: October 10th, 2014 by Mohammed Nasser Barakat

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