Andrew Sheen

Andrew Sheen has been actively involved in operational risk management since the late 1990s when the Basel Committee On Banking Supervision’s (BCBS) focus on this topic saw it emerge as a distinct risk discipline. Having worked as the Head of Operational Risk at an international bank and also a UK investment bank, Andrew joined the UK Financial Services Authority (FSA) where he led the Operational Risk Policy team and then the Risk Frameworks team, charged with reviewing operational risk and governance frameworks in firms of all types and sizes. When the FSA split into two, Andrew moved into the Prudential Regulation Authority. During his time with the regulators, Andrew is proudest of his participation in the BCBS Operational Risk Working Group. When the time came to take the difficult decision to leave the regulatory world, Andrew had the pleasure of working at HSBC and then Credit Suisse, up until his retirement.

Andrew subsequently added being retired to the list of things he is not very good at and established a consultancy to provide Operational Risk and Resilience advisory services and training.

Looking back over 50 years in risk management, Andrew is surprised at how many of the firms he worked for no longer exist for one reason or another, but stresses he can take no credit for their demise and was no longer with them when they ceased to exist (although he would say that wouldn’t he). Drafting his contributions to this book also caused Andrew to reflect on the many friendships he has made during his career and he would like to thank everyone who has helped shape his knowledge and experience.