Fundamentals of Operational Risk Management Understanding and Implementing Effective Tools, Policies and Frameworks Edition: Date: Price: ISBN Paperback: ISBN Ebook: Pages: Format (mm): Product Category: Subject:
1 03/04/2022 £39.99 9781398605022 9781398605039 296 240x170 Supplementary Text/ Professional Risk Management
This book
the key components of an operational risk management framework and supporting « Explains governance structures case studies of major operational risk events to illustrate key concepts, covering rogue « Includes traders, fraud and technology issues operational risk tools including categorisation, risk and control self-assessment, scenario « Covers analysis, events and losses and operational risk indicators « Explores the regulatory treatment of operational risk and how to create an effective risk culture where operational risk fits in relation to other risk types and how this can create « Examines challenges
Description Threats to an organization’s operations, such as fraud, IT disruption or poorly designed products, could result in serious losses. Understand the key components of effective operational risk management with this essential book for risk professionals and students. Fundamentals of Operational Risk Management outlines how to implement a sound operational risk management framework which is embedded in day-to-day business activities. It covers the main operational risk tools including categorisation, risk and control self-assessment and scenario analysis, and explores the importance of risk appetite and tolerance. With case studies of major operational risk events to illustrate each concept, this book demonstrates the value of ORM and how it fits with other types of risk management. There is also guidance on the regulatory treatment of operational risk and the importance of risk culture in any organization. Master the essentials and improve the practice of operational risk management with this comprehensive guide.
Author Information Dr Simon Ashby is Associate Professor of Financial Services at Vlerick Business School, based in Brussels, Belgium. Prior to this he was Associate Professor at Plymouth Business School, UK and worked as a financial regulator and a senior risk manager in a number of top UK financial institutions. He is a Fellow and former Chairman of the Institute of Operational Risk (IOR) and a Senior Research Fellow at the Centre for Risk, Banking and Financial Services at the University of Nottingham. The IRM is a world leading professional body for risk management, driving excellence in managing risk to ensure organizations are ready for opportunities and threats of the future.
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Business, Finance, Risk, Information Management
Table of Contents 1
Understanding operational risk – key concepts and management objectives 2 Embedding operational risk 3 Risk categorisation 4 Risk culture 5 Risk appetite and tolerance 6 Risk and control self assessment 7 Operational events and losses 8 Operational risk, control and performance indicators 9 Scenario analysis and stress testing 10 Operational resilience 11 The regulatory treatment of operational risk
Risk Management
