About Operational Risk in Practice Pathway

Operational risk, as the name suggests, refers to the risk of loss arising from operations which includes internal systems, people, processes and also external events. Operational risk management involves ensuring the amount of risk is controlled within a set tolerable amount, whilst still achieving business outcomes. In this pathway, Paul Rosen discusses operational risk in practice and explains each stage of the operational risk cycle and how it is implemented.

In this pathway

Pathway experts

Paul Rosen

Operational Risk

Paul Rosen is responsible for the First Line of Defence, Front Office Regulatory Advisory and Operational Resilience at NatWest. He previously worked in the Williams & Glyn divestment from the Royal Bank of Scotland. He is a fellow of the Institute of Chartered Accountants in England & Wales and a member of the Association of Corporate Treasurers.