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Essay Available:
Pages:
2 pages/β‰ˆ550 words
Sources:
1 Source
Style:
Other
Subject:
Management
Type:
Coursework
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 11.66
Topic:

Examples of Operational Risk

Coursework Instructions:

Overview:
Operational Risk (OR) is disparate and exists within all companies and organizations across industries. As such, it presents a challenge for non-practitioners to understand. It can also be challenging for OR professionals to articulate. To overcome these challenges and make Operational Risk intelligible to all stakeholders, we utilize the Basel Committee's definition. Applying this standard definition to recent examples of Operational Risk, you will be able to articulate and explain the concept of Operational Risk.
Details:
Initial Post:
Working independently, perform a search to identify four public examples of Operational Risk events and provide a brief explanation (one or two paragraphs) for each event explaining what failed and why it can be considered an OR event while utilizing the definition of Operational Risk. In your initial post, please provide links to each of the events that you choose.
Responding to Your Peers:
After submitting your initial post, spend some time reviewing the posts and the links provided by your peers. Do you agree with their research and explanation of the OR events? Why or why not? What other factors might contribute to the failure?
Assessment:
Your work will be evaluated as follows:
Clarity: Your description of the selected Operational Risk event is coherent and understandable. Additionally, links were provided to each of the selected articles.
Research / Explanation: You provide justification using the definition of Operational Risk as to why each event is an example of Operational Risk. You did not use examples discussed in class.
Writing: You were able to summarize your thoughts in a concise manner that is free of grammatical and spelling errors.
Please write in accordance with the standards of Meets or Exceeds Expectations, if the number of words you write exceeds the number of words I require, I will make additional payment accordingly! This class is very important to me. I hope you can take it seriously and look forward to cooperating with you in the future!
If you have any questions please feel free to ask.

Coursework Sample Content Preview:

Assignment: Examples of Operational Risk
Student Name
Institutional Affiliation
Course Code and Name
Professor
Due Date
Assignment: Examples of Operational Risk
Event 1: The 2011 Enron $11 Billion Embezzlement
This event is an operational risk categorized under compliance and legal risks where Enron's leading energy and the financial company faced scandals on accounting fraud and management embezzlement of funds. Compliance and legal risks include unlawful practices and tax evasion, incorporating extortion, payoff, burglary, and misappropriation of funds. Security breaks. Normal consistency risk is the infringement of security regulations. Hacking, infections, and malware are a portion of the digital dangers that influence associations. legal compliance risk refers to the possibility of economic losses and undesirable outcomes. Moreover, the failure to abide by external and internal regulations and legislation has impacted social performance.
This category includes non-compliance with microfinance rules, human capital legislation, anti-money laundering standards, mandatory automobile registration, taxation policies, internal morals of ethical behaviors, and other limitations. According to (Blunden & Thirlwell,2012), these risks undermine an organization's whole image and cause significant financial loss. Another possibility is a company's failure. As a result, operational managers must ensure that the company complies with all legal obligations to reduce the risk of harming the company’s reputation.
Event 2: August 2022 Plex Data Breach Systems Risk
The Plex data breach was an operational risk categorized under system risks. System risks refer to the threat of data and privacy losses and poor interpersonal performance as a consequence of improper internal operations. In this event, Plex had data and information loss of their clients that included usernames, passwords, and confidential messages. Many individuals' data being publicly available harmed Plex’s trust. This kind of system comprises inter-branch connections, information systems, and power backup infrastructures. They add to the risk involved with operations. Effective internal control systems, assist avoid any risks that might threaten the fulfillment of the company goals (Girling, 2013). As a result, operational managers must work effectively to reduce the risk of system operating risks. 
Event 3: 2016 Mylan’s EpiPen Peopl...
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