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

Ashby, Simon

Softcover

ISBN 10: 1398605026 ISBN 13: 9781398605022

Publisher: Kogan Page, 2022

Synopsis

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.

About this title

About the Author

Dr Simon Ashby is Associate Professor of Financial Services at Vlerick Business School, 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.

Edition details

• Publisher: Kogan Page
• Publication date: 2022
• ISBN 10: 1398605026
• ISBN 13: 9781398605022
• Binding: Paperback
• Language: English
• Edition number: 1
• Number of pages: 320