Finance Operational Risk Register Analysis
Budget: $750 – $1,500 AUD
I’m overhauling the way we track, rate, and treat operational risks across our finance function and need a complete, in-depth operational risk register built from scratch. While project or enterprise registers have their place, this assignment zeroes in on day-to-day operational exposure within a regulated financial environment.
Scope
• Identify and categorise every meaningful operational risk that touches front, middle, and back-office activities—payments, treasury, trading support, settlement, cyber, AML/KYC, vendor management, business continuity, model risk and more.
• Assess each risk for likelihood, impact (financial, regulatory, reputational), detectability, and existing control strength, then calculate an overall risk rating.
• Recommend control enhancements or mitigation plans, assign accountable owners, set target dates, and flag regulatory references (e.g., Basel III, SOX, PSD2, GDPR) where relevant.
• Present the register in a clear, filterable Excel or Google Sheet, backed by a concise methodology note that explains scoring logic, data sources, and any assumptions. A visual heat map that auto-updates from the data table should sit on a separate tab.
Acceptance criteria
1. Minimum 40 distinct operational risk rows with no duplication.
2. Risk scoring model and colour-coded heat map align with the methodology note.
3. All fields complete: risk description, cause, consequence, controls, ratings, risk owner, review frequency, and action status.
4. File opens without macros/security warnings and is easy to maintain internally.
Separate x 5 Entities feeding to one overall Group RR
If you have experience building multi-sector registers and are comfortable referencing current regulatory guidance, this will be straightforward. Let me know your proposed outline and any clarifications needed so we can get started right away.
Scope
• Identify and categorise every meaningful operational risk that touches front, middle, and back-office activities—payments, treasury, trading support, settlement, cyber, AML/KYC, vendor management, business continuity, model risk and more.
• Assess each risk for likelihood, impact (financial, regulatory, reputational), detectability, and existing control strength, then calculate an overall risk rating.
• Recommend control enhancements or mitigation plans, assign accountable owners, set target dates, and flag regulatory references (e.g., Basel III, SOX, PSD2, GDPR) where relevant.
• Present the register in a clear, filterable Excel or Google Sheet, backed by a concise methodology note that explains scoring logic, data sources, and any assumptions. A visual heat map that auto-updates from the data table should sit on a separate tab.
Acceptance criteria
1. Minimum 40 distinct operational risk rows with no duplication.
2. Risk scoring model and colour-coded heat map align with the methodology note.
3. All fields complete: risk description, cause, consequence, controls, ratings, risk owner, review frequency, and action status.
4. File opens without macros/security warnings and is easy to maintain internally.
Separate x 5 Entities feeding to one overall Group RR
If you have experience building multi-sector registers and are comfortable referencing current regulatory guidance, this will be straightforward. Let me know your proposed outline and any clarifications needed so we can get started right away.