The risk assessment of a new product is one of the most critical activities performed by the operational risk management of a company operating in the financial sector. There are few reference points for the operational risk management to assess the riskiness of a new product, due both to the lack of operational loss data and to the inexperience of the process owners in handling the new operation. To overcome these two limitations, we propose a methodological operational risk framework to identify and prioritize the most dangerous operational risk events with respect to the introduction of a new product in a financial institution. The methodology starts with the use of a checklist based on risk factors (causes) to assess the operational riskiness of a new product before its launch. Then, after the launch and with particular reference to the management of the new product, we use the analytic hierarchy process approach to prioritize operational risk events, and the “80/20 rule�? to allocate them to appropriate risk rating classes. Finally, we develop two optimization models to minimize the total cost of investments required to cover all the important risks, and to study the relationship between the total cost of investments and the exposure coverage.

中文翻译：

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新产品操作风险评估的替代方法

新产品的风险评估是金融部门运营公司的操作风险管理中最关键的活动之一。由于缺乏运营损失数据以及流程所有者在处理新业务方面缺乏经验，运营风险管理评估新产品风险的参考点很少。为了克服这两个限制，我们提出了一个方法操作风险框架，以识别和优先考虑与金融机构引入新产品相关的最危险的操作风险事件。该方法首先使用基于风险因素（原因）的清单来评估新产品在推出前的运营风险。然后，推出后，特别是在新产品的管理上，我们使用层次分析法对操作风险事件进行优先排序，并遵循“80/20规则”。将它们分配到适当的风险评级类别。最后，我们开发了两个优化模型来最小化覆盖所有重要风险所需的总投资成本，并研究投资总成本与风险覆盖率之间的关系。