Having responsibilities for operational risk, even just for the administration aspects, can be a scary thing at first. Even hardened, dedicated risk management professionals find their hearts in their mouths from time to time and if "risk" is not your primary function in an organisation and exposure to it is sporadic, then its normal to feel apprehensive at times, especially when starting out.
Big parts of what corac membership is all about are support and community. Being a corac member gives you access to administration and compliance advice and a steer towards more detailed materials when you need them. And our new forum platform will also give members the opportunity to engage with peers, sharing questions, concerns, experiences as well as reassurances, encouragement and positive messages with each other.
At the heart of managing or handling the administrative aspects of operational risk is knowing that you have a robust narrative or story behind the decisions you make. Why was a particular process chosen, why was another discarded or only used to a certain extent? corac aims to equip members with the best narratives to tell, the best audit trails and we work hard to make sure that active engagement with us and with each other plays a big part of that.
And we hope that our support and our facilitation of the community's support of itself, will lead members to a calm and peaceful frame of mind when dealing with operational risk.
The corac team
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