Fundamentals of Risk Management

Understanding, Evaluating and Implementing Effective Enterprise Risk Management

This book

• Details regulatory developments affecting risks to reputation, the business model and strategy, along with improvements in risk management documentation and statutory risk reporting for assurance and reporting purposes • Provides relevant international case studies including BP, Singapore Airlines and

Darktrace • New to this edition: new content on cyber risk, black swan events (such as COVID-19), climate risk, and case studies on Arcadia,

Boohoo and HBO • Covers developments in enterprise risk management (ERM), loss control and the value of insurance as a risk management method· • Online resources: lecture slides with figures, tables and key points from the book Edition: 6 Date: 03/12/2021 Price: £44.99 Paperback: 9781398602861 Ebook: 9781398602878 Pages: 472 Format (mm): 240x170 Product Category: Textbook/ Professional Subject: Risk Management

Table of Contents

1 Introduction to Risk Management

1 Approaches to Defining Risk 2 Impact of Risk on Organizations 3 Types of Risks 4 Scope of Risk Management 5 Principles and Aims of Risk Management

2 Approaches to Risk Management

6 Risk Management Standards 7 Establishing the Context 8 Enterprise Risk Management 9 Alternative Approaches

3 Risk Assessment

10 Risk Assessment Considerations 11 Risk Classification Systems 12 Risk Analysis and Evaluation 13 Loss Control 14 Defining the Upside of Risk

4 Risk Response

15 Tolerate, Treat, Transfer and terminate 16 Risk Control Techniques 17 Insurance and Risk Transfer 18 Business Continuity

5 Risk Strategy

19 Core Business Processes 20 Reputation and the Business Model 21 Risk Management Context 22 Risk Management Responsibilities 23 Control of Selected Hazard Risks

6 Risk Culture

24 Risk-Aware Culture 25 Importance of Risk Appetite 26 Risk Training and Communication 27 Risk Practitioner Competencies

7 Risk Governance

28 Corporate Governance Model 29 Stakeholder Expectations 30 Operational Risk Management 31 Project Risk Management 32 Supply Chain Management

8 Risk Assurance

33 The Control Environment 34 Risk Assurance Techniques 35 Internal Audit Activities 36 Reporting on Risk Management