Fundamentals of Operational Risk Management
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Fundamentals of Operational Risk Management: Understanding and Implementing Effective Tools, Policies and Frameworks

Fundamentals of Operational Risk Management: Understanding and Implementing Effective Tools, Policies and Frameworks


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About the Book

Table of Contents:
Chapter - 01: Understanding operational risk - Key concepts and management objectives; Chapter - 02: Embedding operational risk management; Chapter - 03: Categorizing operational risks; Chapter - 04: Risk culture; Chapter - 05: Risk appetite; Chapter - 06: Operational risk governance; Chapter - 07: Risk and control self-assessments; Chapter - 08: Operational loss events; Chapter - 09: Operational risk indicators; Chapter - 10: Scenario analysis and stress testing; Chapter - 11: Organizational resilience; Chapter - 12: Regulating operational risk

About the Author :
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.

Review :
"Simon Ashby is very well placed through his long association with the Institute of Operational Risk to write what will prove to be the definitive book on operational risk. He challenges us to expand our understanding of operational risk to encompass 'unpredictable outcomes of the efficiency and effectiveness of operations.' Using a series of compelling case studies, he brings the subject alive. It is sobering to see how many of the selected case studies had underlying cultural drivers. I found the section on risk culture particularly practical in its insights to monitoring and taking action. The approach to operational risk event data establishes the benefits of learning from past events and ensuring recurrence is prevented, which surely is the essence of any robust approach to operational risk." "This is an excellent book, serving as an effective pragmatic tool for risk practitioners working in all three lines across the world, as well as a good guide for the academics in operational risk." "Simon Ashby presents a very well structured, research-based and informative guide to operational risk management. This excellent book covers every key topic, from embedding risk culture to conducting scenario analysis. A remarkably rewarding source for practitioners." "It is becoming more and more clear that operational risk models are of limited use, while taking behavioural elements into account in risk culture, governance etc. is of tremendous importance. This book sets absolutely the right focus - and numerous case studies confirm that Simon is not just a seasoned academic, but very familiar with the important details of practical implementation as well. Really worthwhile reading!"


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Product Details
  • ISBN-13: 9781398605039
  • Publisher: Kogan Page Ltd
  • Publisher Imprint: Kogan Page Ltd
  • Language: English
  • ISBN-10: 1398605034
  • Publisher Date: 03 Apr 2022
  • Binding: Digital (delivered electronically)
  • Sub Title: Understanding and Implementing Effective Tools, Policies and Frameworks


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