Käyttöriski

Käyttöriski, Finnish for "operational risk," refers to the risk of loss resulting from inadequate or failed internal processes, people, and systems, or from external events. This definition, commonly used in financial institutions, encompasses a broad spectrum of potential failures that can disrupt an organization's operations and lead to financial or reputational damage.

The causes of operational risk are diverse. Process failures can include errors in transaction processing, inaccurate reporting, or faulty product development. People-related risks involve employee misconduct, fraud, human error, or a lack of adequate training. System failures might stem from IT system outages, data breaches, or technological obsolescence. External events can range from natural disasters and pandemics to cyberattacks and regulatory changes.

Effective management of operational risk is crucial for maintaining business continuity, financial stability, and regulatory compliance. Organizations typically implement frameworks to identify, assess, monitor, and control these risks. This involves establishing clear policies and procedures, investing in robust IT infrastructure, fostering a strong risk culture, and ensuring adequate internal controls. Regular audits and stress testing are also employed to identify vulnerabilities and test resilience. The goal is not to eliminate risk entirely, but to manage it to an acceptable level.