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

Ashby, Simon

Hardcover

ISBN 10: 1398622915 ISBN 13: 9781398622913

Publisher: Kogan Page, 2025

Synopsis

<p><b>Threats and disruptions to the operations of any organization can have major consequences. From IT disruptions, cyberattacks and third-party issues to serious fraud, conduct risks and geopolitical challenges, there are numerous issues that can impact the success of an organization.</b><br><br>Understanding the key principles of an effective operational risk management programme allows organizations to protect themselves from threats. <b><i>Fundamentals of Operational Risk Management</i></b> outlines how to implement an operational risk management framework which is embedded in day-to-day business activities. Covering how to understand an organization's existing risk appetite and risk culture to the key tools for managing operational risks such as a categorization, risk and control self-assessment and scenario analysis, this book provides a step-by-step guide to improving operational risk management.<br><br>This fully updated new edition brings new coverage of emerging operational risks related to AI, ESG, extended enterprise and supply chains. It also includes a new chapter that shows an organization how to manage the impact that geopolitical risks can have on their operations. With global real-world examples of major operational risk events across different industries, this book shows the important role that operational risk management can play in an organization's success.</p>

About this title

About the Author

<b>Dr Simon Ashby</b> 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: 2025
• Language: English
• ISBN 10: 1398622915
• ISBN 13: 9781398622913
• Binding: Hardcover
• Edition number: 2
• Number of pages: 352