Operational Risk Management in Financial Services

Operational risk can have a crippling effect on a company if not managed properly. This is especially true in the financial services industry. Banks and investment firms must pay close attention to variables that have the potential to impact their operations, not only from the breakdown of technology and processes, but also from a personnel perspective. The responsibility of managing one's money is great, and the inability to properly anticipate and manage potential risk factors can have a devastating effect, all the way up to the industry level. A case in point was the subprime mortgage crisis of the late 2000s, which led to a nationwide economic recession.
Mike Pinedo, the Julius Schlesinger Professor of Operations Management at New York University's Stern School of Business, is an expert in risk management research, particularly in the context of the financial services industry. In his presentation at The Boeing Center's 13th annual Meir Rosenblatt Memorial Lecture, he described the main types of primary risks in a financial services company: market risk, credit risk, and operational risk. Ops risk, which is the risk of a loss resulting from inadequate or failed internal processes, people, or external events, may be the most important factor, he claimed.
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[@maraziziomar8997]

How can get the video for entire lecture?

[@financialplanningaustra2719]

Nice Video.

[@user-uy5cc4pr4j]

Well done

[@EdgarMkhitaryanH]

What about Financial Crime Risk?

[@NCF80M3]

I believe that would fall under, "Other Risk", Edgar!

[@rawanderer4737]

Financial crime is a part of compliance risk associated with anti money laundering.