Operational risk management in banking

The article substantiates the urgency of improving the management of operational risk in banks. It is determined that commercial banks are most exposed to operational risk, and also that they have the most severe consequences of these risks. The study used methods of analysis, synthesis, groupings, comparisons, tabular method. Results: the necessity of realization of various directions of operational risk management in banks is substantiated, the classification of these directions is given. The types of operational risk and their features, as well as the principles of constructing the operational risk management system, are considered. Scientific novelty: stages of management of operational risk with explanations of each stage are formed. It is determined that compliance with these stages makes it possible to adequately respond to the arising operational risk, or to decide not to react in the event of an insignificant degree of risk manifestation. In addition, it is determined that the actions of the risk manager should be directed, in addition to risk prevention, to minimizing the consequences of risk, because a significant part of the risks can not be prevented.