Research On Operational Risk Management Of Public Fund Process Reengineering

With the continuous development of the financial system,China’s public fund industry has also ushered in a period of rapid development.The business of public fund companies has become increasingly diversified and complex,followed by the frequent occurrence of operational risk events,and the loss amount and impact of operational risk have become more serious.In this situation,the importance of operational risk management has become increasingly prominent,and the operational risk management of public fund companies has also been gradually valued.This study will not only help public fund companies to build an operational risk management framework based on the theory of comprehensive risk management and COSO risk management framework;It also helps public fund companies to sort out and reform the scattered,intermittent,repetitive and conflicting processes according to the principles and methods related to business process reengineering,and implement effective control and management of the operational risk of business processes in accordance with the requirements of the relevant content of the operational risk management framework.This paper combines business process reengineering and operational risk management framework to conduct operational risk identification and self-assessment,and puts forward specific control measures and management suggestions for high-risk points of interbank deposit business process in many aspects,such as early warning,in-process control,and post supervision.At the same time,based on the business process reengineering,we formulated the key risk indicators of R Fund’s interbank deposit business,carried out the collection of operational risk loss data,and conducted a Pearson correlation study on the relationship between the key risk indicators and loss data of interbank deposit business.It also compares the processing time,error frequency,and operational risk point control efficiency before and after six process reengineering processes,including R Fund’s interbank deposits and bond related businesses;The weighted average is used to calculate the operational risk ratio before and after 6 business process reengineering;Jensen index model is used to calculate the excess return rate of fixed income funds before and after business process reengineering;Through multiple data analysis,the operation efficiency and results of BPR are evaluated,which verifies that BPR has a good effect on operational risk management.Through the case study of interbank deposit and bond related business process reengineering,we can see that the combination of business process reengineering and operational risk management framework is a more effective and refined operational risk management method,which can reduce operational risk events;It plays a positive role in stabilizing the income of public fund companies and maintaining the good image and reputation of public fund companies;It is also convenient for promotion and application in various fields in the industry.Therefore,the operational risk management based on business process reengineering can provide practical guidance and reference for the research on operational risk management of public fund companies;It can provide reference and help for the development of operational risk management of public fund companies;It can also lay a foundation for public fund companies to conduct more comprehensive,deeper and broader operational risk management research based on business process reengineering in the future;It can also stimulate new exploration ideas for public fund companies to study operational risk management.