Mitratech Operational Risk Management Framework

This document is a guide detailing the Mitratech Operational Risk Management Framework, which consists of six individual steps aimed at managing operational risks within an organization. The framework includes the processes of identifying, assessing, analyzing, making decisions, mitigating, and reviewing risks. Each step is designed to be repeated whenever a new or significant risk event arises. The guide outlines specific actions such as performing regular cyber risk assessments, identifying risks, analyzing control measures, implementing risk controls, and supervising and reviewing the effectiveness of these controls. Additionally, it discusses the importance of Risk and Control Self Assessments (RCSAs) and the necessity for ongoing assessments to ensure comprehensive coverage of operational risk event types. The document emphasizes the need for organizations to utilize both internal and external loss events to enhance their risk management capabilities and improve decision-making processes.