El riesgo operativo y su impacto en el estado de resultados de las Cooperativas de Ahorro y Crédito - Segmento Uno (con casa matriz en la provincia de Tungurahua)

Abstract

The risk arises from the uncertainty and the inability to predict the future. An everyday act can produce a negative result due to the adverse circumstances that arose at a particular time. Risk management has become one of the biggest challenges of Credit Unions. These institutions face a variety of financial risks, such as credit risk, liquidity, market, legal, reputational and operational; the last one it’s one of the most important, but perhaps the less managed. Processes, technology, people and even external things can generate events that cause significant monetary losses. Operational risk is inherent in the institution and can not always be removed, however, you can work on it to reduce its effects. Due to increasing competition financial institutions have no choice but to venture into risk management, a process focused on the detection and treatment of the facts that impact an organization. Through it, you can redefine strategies, modify techniques or engage appropriate controls. Thereby achieving the effects and minimize therefore possible losses. The success of a cooperative financial institution will depend heavily on its ability to control operational risk, determining mechanisms enabling it to lessen the impact and ensure the achievement of the objectives. Risk management includes the identification, measurement, mitigation and monitoring of repetitive factors and is not a process that has an end date, but is permanent. This research defines risks matrix, and the mechanism for the development of risk map and finally key risk indicators that allow to take decisions opportunely.