Operations Risk

Managing a Key Component of Operational Risk

David Loader

• Publisher: Butterworth-Heinemann
• Year: 2011
• Print ISBN:
  9780750667999
• eBook ISBN:
  9780080469485
• Topic: Economics
• Subtopic: Banks & Banking
• Index: Economics

Operations Risk--a form of Operational Risk, is becoming increasingly important as more and more sophisticated products and the use of those products occurs in the financial services industry. Outsourcing, including overseas outsourcing, is changing the structure of firms and particularly operations teams. Thus understanding the existing and the changing risk environment in operations functions and its impact on operational risk is centrally important today. The book focuses on areas such as technology risk, people risk, and settlement risk, examining the dangers that lurk within different organisations. Case studies throughout the book illustrate the way in which risk can become magnified and ultimately become a serious danger to the businesses concerned. The reader is challenged throughout the book to interpret given situations in Operations Risk so as to understand the impact of the risks and devise solutions through a series of exercises included in the relevant chapters. (answers are provided). This "self-test approach will help reinforce understanding of the detailed material contained throughout the book.*Offers the knowledge, tools, techniques, and solutions necessary to recognize and evaluate operations risk*Concise, easy to read format provides practical solutions and techniques that readers can implement tomorrow *Case studies and "self-test" features ensure practical understanding.

Table of contents

• Front Cover
• Operations Risk
• Copyright Page
• Table of Contents
• Introduction
• Chapter 1 The operational risk universe
• Chapter 2 Defining operations risk in investment and retail banking
• Chapter 3 Operations risk
• Chapter 4 Managing the risk
• Chapter 5 Understanding a risk event
• Chapter 6 Workflow and operations risk
• Chapter 7 Risk and regulation
• Chapter 8 Innovative tools to manage people risks
• Chapter 9 Insourcing and outsourcing risk
• Glossary of risk terminology
• Appendix 1: Consolidated KYC risk management
• Appendix 2: A collection of excerpts and published operational risk guidelines and recommendations
• Appendix 3: Global clearing and settlement – The G30 twenty recommendations
• Appendix 4: ISSA recommendations 2000
• Index