Operational Risk Management in Financial Services
eBook - ePub

Operational Risk Management in Financial Services

A Practical Guide to Establishing Effective Solutions

  1. 464 pages
  2. English
  3. ePUB (mobile friendly)
  4. Available on iOS & Android
eBook - ePub

Operational Risk Management in Financial Services

A Practical Guide to Establishing Effective Solutions

About this book

Technology failures, data loss, issues with providers of outsourced services, misconduct and mis-selling are just some of the top risks that the financial industry faces. Operational risk management is, simply, a commercial necessity. The management of operational risk has developed considerably since its early years. Continued regulatory focus and catastrophic industry events have led to operational risk becoming a crucial topic on any senior management team's agenda. This book is a practical guide for practitioners which focuses on how to establish effective solutions, avoid common pitfalls and apply best practice to their organizations. Filled with frameworks, examples and diagrams, this book offers clear advice on key practices including conducting risk assessments, assessing change initiatives and designing key risk indicators. This new edition of Operational Risk Management in Financial Services also features two new chapters reflecting on the future of operational risk management, from cyber risk to GenAI, and guides practitioners in incorporating ESG into their day-to-day strategies. This is the essential guide for professionals looking to derive value out of operational risk management, rather than applying a compliance 'tick box' approach.

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Yes, you can access Operational Risk Management in Financial Services by Elena Pykhova in PDF and/or ePUB format, as well as other popular books in Business & Financial Risk Management. We have over one million books available in our catalogue for you to explore.

Information

Publisher
Kogan Page
Year
2024
Print ISBN
9781398617148
eBook ISBN
9781398617186

Table of contents

  1. List of figures
  2. About the author
  3. Preface
  4. 01 Operational risk: Definition and taxonomy
  5. 02 Operational risk framework and its implementation
  6. 03 The Three Lines model: Its application to operational risk management
  7. 04 Operational risk events
  8. 05 Risk and control self-assessments
  9. 06 Operational risk assessment of change initiatives
  10. 07 Key Risk Indicators
  11. 08 Scenario analysis
  12. 09 Operational risk appetite
  13. 10 Operational risk reporting
  14. 11 Operational risk training and education
  15. 12 Risk culture
  16. 13 Embedding and maturity assessment
  17. 14 Incorporating ESG into operational risk framework
  18. 15 Operational resilience
  19. 16 Ref lections on the future of the operational risk discipline
  20. Appendix 1: Operational Risk Champion: role description
  21. Appendix 2: Example operational risk event reporting template
  22. Appendix 3: ORA template
  23. Appendix 4: Table of 50 Key Risk Indicators
  24. Index