Operational Risk Purpose Guide the identification, measurement, and management of operational risk in securities trading and brokerage operations. Covers trade error handling, settlement fail management, loss event classification, key risk indicators (KRIs), incident management processes, business continuity planning, and operational risk frameworks. Enables building or evaluating operational risk programs that reduce losses and satisfy regulatory expectations. Layer 11 — Trading Operations (Order Lifecycle & Execution) Direction both When to Use - Building or evaluating an operational risk f…