Study On The Operational Risk Of The Centralized Accounting Business Of The Bank A Based On The Perspective Of ERM

With China's macro-economy ushering in the critical period of supply-side reform,along with the marketization of interest rate and intensification of cross-border competition,commercial banks are inevitably urged to vigorously promote the development and transformation.All commercial banks carry out business process reengineering in an all-round way,reorganize their organizational structure and create "process banks" to stimulate business vitality.According to the concept of "process bank",operation management,the basic service platform for commercial banks to share all kinds of business,is the core of business process reengineering,the quality of the mechanism of which determines the core competitiveness of commercial banks in the period of transformation and development.As the main carrier of the operation management platform,centralized processing accounting business has developed vigorously in recent years,yet also exposed many risks in the process of rapid development,thus causing huge losses to banks.Under the centralized operation mode of commercial banks,centralized processing accounting business is not only labor-intensive but also highly dependent on the stability of the information technology system.Therefore,operational risk is the main content of risk management.In The Basel II Accord,credit risk,market risk,and operational risk are regarded as the three most important risks of banks,which are interconnected yet different from one another.Compared with the other two kinds of risks,operational risk is endogenous,extensive and difficult to quantify,which makes it difficult for commercial banks to quantify the management.It can be seen from Core Principles for Effective Banking Supervision in which the Basel Committee holds that "the failure of internal control and corporate governance mechanisms will usually lead to major operational risks" that internal control is a way for commercial banks to guard against operational risk.The COSO Commission of the United States promulgated the Enterprise Risk Management Framework in 2004,the foundation of which is the previous "Unified Framework for Internal Control".The Enterprise risk management framework is undoubtedly the best choice for commercial banks to prevent the centralized processing accounting business.Therefore,combined with my own practice of centralized processing accounting business in Bank A,the operational risk of centralized processing accounting business in China's commercial banks is explored from the perspective of comprehensive risk management in this paper.The performance and existing problems of the three types of centralized processing accounting business are analyzed by taking bank A as an example.The paper holds that the operational risk of centralized processing accounting business of Bank A is caused by human errors,system failures,process defects,and personnel management defects,and then puts forward the Enterprise risk management system that guard against the operational risk of centralized processing accounting business so as to provide a practical solution for Bank A to guard against the operational risk of centralized processing accounting business,which is of certain reference significance for China's commercial banks on how to effectively reduce their operational risk of centralized processing accounting business.Finally,evaluating the effect of this solution.