risk
Unauthorized activity — rogue trading, position mismarking, concealment
Losses from transactions not reported or of an unauthorized type, deliberate mismarking of positions, fictitious trade bookings to conceal losses, and circumvention of position/risk limits without disclosure (e.g. rogue trader).
Record JSON · Open in map · Data retrieval guide
Catalog revision: f368a6cce277037e4b1e1ff46004e3acd295f96c9ac63a411a0e45775a7f468e. A connection does not establish full coverage.
Attributes
- category
- operational
- domain
- Risk Assessment & Management
- Financial Reporting Controls (SOX)
- Governance, Policy & Oversight
- taxonomy
- basel-operational-risk
- inherent_rating
- high
Details
- risk_id
- fraud-unauthorized-trading-activity
- category
- operational
- likelihood
- low
- impact
- high
- inherent_rating
- high
- treatment
- mitigate
- taxonomies
- basel-operational-risk
Source
No record-specific source URL is provided.
Connections
- UC-GOV-08 — Segregate conflicting duties and areas of responsibility mitigates Unauthorized activity — rogue trading, position mismarking, concealment
- strength
- primary
- rationale
- Initiate-versus-approve and front/back-office segregation is a core barrier to concealed rogue trading and position mismarking.
- UC-RISK-12 — Assess and mitigate fraud risk including management override mitigates Unauthorized activity — rogue trading, position mismarking, concealment
- strength
- related
- rationale
- Journal-entry and precision estimate review detect the mismarking and fictitious bookings used to conceal unauthorized/rogue positions (complements trading-limit controls).
- UC-FIN-05 — Segregate incompatible financial duties mitigates Unauthorized activity — rogue trading, position mismarking, concealment
- strength
- related
- rationale
- Separating dealing from settlement/recording impedes concealment of unauthorized trades.
- UC-GOV-37 — Operate insider-threat and threat-awareness programs mitigates Unauthorized activity — rogue trading, position mismarking, concealment
- strength
- related
- rationale
- Insider-threat indicators and monitoring add a detective layer over concealed rogue activity.