Usually means: Risk of loss from inadequate processes.
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We found 6 dictionaries that define the word operational risk:

General (1 matching dictionary)
  1. Operational Risk, Operational risk: Wikipedia, the Free Encyclopedia

Business (5 matching dictionaries)
  1. INVESTORWORDS (No longer online)
  2. Operational Risk: Investopedia
  3. Operational risk: Financial dictionary
  4. BusinessDictionary.com (No longer online)

Definitions from Wikipedia (Operational risk)

noun:  the risk of losses caused by flawed or failed processes, policies, systems or events that disrupt business operations.

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