Operational Risk Assessments
How we deliver value
Structure & Strategy
Our standard solutions
Asset Management Planning
Asset Management Policies
Business Lifecycle Planning
Enterprise Asset Management Risk Assessments
Asset Management Business Case Development
Risk based Capital Planning
Leadership
How we add superior value
Strategic consideration of commercial and technical objectives
Influence with Executive language and concepts to get organisational buy in
Risk adjusted planning to communicate risk tolerance
Experience from the grassroots to boardroom to account for all stakeholder needs
Systems
Our standard solutions
Asset Condition and Integrity Assessment
Work Management Solutions
Maintenance Management and Strategies
Reliability Processes: RCM & RCA
Shutdown and Project Management
Maintenance Budgeting
Capital Management
How we add superior value
Uncover underlying problems
Sustainable, commercially viable solutions
Skills
Our standard solutions
How we add superior value
Executive Leadership experience which is delivered through training and coaching
Participants will gain a holisitc organisational wide perspective
Skills and knowledge will be shared from a broad organisational and industry experience.
Training will be delivered with candor and a style appropriate to whatever audience, commercial or technical
Value
Superior value
How we deliver value
Strategy & Structure
- Strategic consideration of commercial and technical objectives
- Influence with Executive language and concepts to get organisational buy in
- Risk adjusted planning to communicate risk tolerance
- Experience from the grassroots to the boardroom to account for all stakeholder needs
Systems
- Coordinated problem solving that consdiers the needs of the whole organisation
- Foundational issues will be addressed first
- If underlying problems exist they will be uncovered
- Solutions will be generated that are sustainable and can be built upon
- A commercial appreciation for all solutions will enable coordinated outcomes.
Skills
- Executive Leadership experience which is delivered through training and coaching
- Participants will gain a holisitc organisational wide perspective
- Skills and knowledge will be shared from a broad organisational and industry experience.
- Training will be delivered with candor and a style appropriate to whatever audience, commercial or technical
Comprehensive Risk Management for Business Resilience
At Concordia Asset Management, we help organizations identify, analyze, and mitigate operational risks through structured risk management frameworks. Our Operational Risk Assessments provide businesses with the tools and strategies needed to reduce exposure, enhance resilience, and ensure compliance with industry standards.
Our approach integrates risk analysis methods, risk monitoring and reporting, and advanced risk management strategies to safeguard business operations, financial stability, and regulatory compliance.
What is Operational Risk Assessment?
Understanding the Risk Management Process
Operational risk assessment is a structured approach to identifying, evaluating, and mitigating potential threats that could impact an organization’s operations. It includes:
- Risk identification and categorization
- Risk mitigation planning
- Compliance with industry-specific risk management frameworks
- Continuous risk monitoring and reporting
A well-executed risk management strategy reduces financial losses, improves business continuity planning, and ensures adherence to regulatory risk compliance standards.
Risk Management Framework: Key Components
What Are the 4 Main Types of Operational Risk?
Organizations face multiple operational risks, categorized into four key areas:
Process Risk – Inefficiencies in business operations that lead to errors or failures
People Risk – Issues related to employee errors, fraud, or inadequate training
Systems Risk – Failures in IT infrastructure, cybersecurity threats, or data breaches
External Risk – Natural disasters, economic downturns, and regulatory changes
An effective risk management framework helps businesses assess and mitigate each type of risk proactively.
What Are the 4 P’s of Operational Risk?
A robust risk management strategy focuses on:
People – Training and competency in risk awareness
Processes – Effective internal controls and operational efficiency
Policies – Regulatory compliance and governance structures
Procedures – Standardized risk monitoring and response mechanisms
What Are the 5 Steps of Operational Risk Management (ORM)?
A successful risk assessment process follows five key steps:
Risk Identification – Recognizing potential operational risks
Risk Analysis & Evaluation – Determining the probability and impact
Risk Mitigation & Control – Implementing strategies to reduce risk exposure
Risk Monitoring & Reporting – Tracking performance and emerging risks
Risk Response Planning – Developing contingency and crisis management plans
Risk Analysis Methods for Operational Risk Assessments
Quantitative vs. Qualitative Risk Analysis
Organizations use a combination of:
Quantitative Risk Analysis – Measuring risks using data, statistics, and financial modeling
Qualitative Risk Analysis – Subjective assessments based on expert judgment, industry trends, and scenario planning
Predictive Analytics in Risk Assessment
Modern risk assessment models integrate AI-driven analytics, big data insights, and cyber risk management solutions to:
Detect potential financial risks and compliance violations
Automate risk reporting and mitigation planning
Enhance real-time risk monitoring and response
Enterprise Risk Management Framework & Best Practices
To minimize risk exposure, businesses should adopt:
Standardized risk management frameworks such as ISO risk compliance standards
Business continuity planning to ensure seamless operations during disruptions
Regulatory compliance assessments to align with government and industry policies
Operational risk heat maps to visualize and prioritize threats
Key Risk Monitoring & Reporting Techniques
Risk scorecards to measure and benchmark performance
Automated compliance monitoring systems
Regular operational risk audits and internal controls
Regulatory Compliance & Risk Governance
What Are ISO Compliance Requirements for Risk Management?
ISO 31000: Risk Management Standard for enterprise-wide risk control
ISO 55001: Asset Risk Management Framework for asset-intensive industries
Financial risk assessment compliance for corporate governance
Cybersecurity & Financial Risk Mitigation
Cyber risk management for operational security
Fraud prevention and risk assessment techniques
Regulatory risk compliance for financial institutions
Industries That Require Operational Risk Assessments
Infrastructure & Transportation – Risk planning for major projects
Energy & Utilities – Compliance with environmental and asset safety regulations
Financial Services – Fraud detection and cybersecurity risk controls
Healthcare & Manufacturing – Crisis management and regulatory compliance audits
Secure Your Business with Concordia’s Risk Management Services
A strong operational risk assessment ensures business continuity, regulatory compliance, and financial stability. At Concordia Asset Management, we deliver:
End-to-end risk assessment and mitigation strategies
Customized risk monitoring and reporting solutions
Regulatory compliance consulting and industry best practices