what is operational risk 
operational risk summarizes the uncertainties and hazards a company faces when it attempts to do its day to day business activities within a given field or industry a type of business risk it can result from breakdowns in internal procedures people and systems as opposed to problems incurred from external forces such as political or economic events or inherent to the entire market or market segment known as systematic risk operational risk can also be classified as a variety of unsystematic risk which is unique to a specific company or industry 