Yankina I.A.Institute of Economics, Management and Environmental Studies of Siberian Federal University, Krasnoyarsk, Russian Federation yankina_ia@ mail.ru
Dolgova E.E.Institute of Economics, Management and Environmental Studies of Siberian Federal University, Krasnoyarsk, Russian Federation kittyk@inbox.ru
Subject Growing losses and increasing complexity of banking and financial environment necessitate the analysis of exposure of Russian banks to operational risk. It helps identify factors influencing the risk, and develop measures to mitigate it. Objectives The study aims to obtain data on the level of operation losses and exposure to operational risk of commercial banks in Russia. Methods Based on the analysis of financial statements prepared under Russian Accounting Standards, we offer a method to calculate the financial and non-financial indicators of 15 major banks in terms of assets to investigate the influence of operational risk. Results The presented method to analyze operational risks of commercial banks enables to determine the risk exposure and reveal bottlenecks in the operational risk management policy. Conclusions The findings show that a proper method of operational risk identification, analysis, assessment and monitoring plays a critical role in building the risk management system. Operational risk management should be a streamlined process rather than a formal program. All business units should be aware of operational risk, as it has an impact on all aspects of banking operations and requires proper management.
Keywords: operational risk, risk management, operation losses, risk factor, bank
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