as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
what responsibilities does senior management have in developing the operational risk management governance structure?
user
senior management is tasked with developing a clear, effective, and robust governance structure for operational risk management, defining transparent and consistent lines of responsibility, and ensuring policies, processes, and systems are implemented effectively across all bank activities in line with the risk appetite and tolerance.
assistant