Definition: Potential financial loss or reputational damage caused by operational failures, or failures of a fund’s people, processes, and systems. It focuses on risks related to the execution of trades as opposed to risks related to how the market moves.
Example: Trade errors, fraud, technological failures, or regulatory breaches are all common examples of operational risk.
Explore the IVP NAV Solution
The IVP NAV Solution enables funds to make more informed decisions about operational risk. It enables real-time NAV finalization for multiple funds with complete traceability for specific NAV components. It centralizes NAV oversight in one intuitive experience with automated exception identification and trend analysis, so asset managers can quickly and easily remediate NAV anomalies at the key component, share class, and security level.
