The Operational Risk Handbook for Financial Companies: A guide to the new world of performance-oriented operational risk - Softcover

Brian Barnier

Softcover

ISBN 10: 0857190539 ISBN 13: 9780857190536

Publisher: Harriman House Publishing, 2011

Synopsis

The Operational Risk Handbook for Financial Companies is a groundbreaking new book. It seeks to apply for the first time a range of proven operational risk techniques from other industries and disciplines to the troubled territory of financial services. Operational risk expert Brian Barnier introduces a range of sophisticated, dependable and - crucially - approachable tools for risk evaluation, risk response and risk governance. He provides a more robust way of gaining a better picture of risks, shows how to build risk-return awareness into decision making, and how to fix (and not just report) risks. The practical importance of fully understanding and acting on risk to the business begins in the foreword on plan-B thinking, penned by Marshall Carter, chairman of the NYSE and deputy chairman of NYSE Euronext. The book is unique because: - It is not just about modeling and a few basic tools derived from regulatory requirements. Instead, it looks at management of risk to operations across industries, professional disciplines and history to help ops risk leaders become aware of the entire landscape of proven experience, not just their own conference room. - It is not just about compliance. Instead, it looks to operations as part of performance - managing risk to return for shareholders and other interests (e.g. guarantee funds). - It is not content to look at risk in stand-alone segments or silos; instead it takes a systems approach. - It is not just about ops risk leaders sharing war stories at a conference. Instead, it introduces a panel of six financial institution board members who get risk management and provide their perspectives throughout the book to encourage/demand more from ops risk to meet the needs of the institution in the world. - It is not a semi-random collection of tips and tricks. Instead, it is grounded in a risk-management process flow tailored to financial companies from a range of proven experience, providing tools to help at each step. Suitable for companies of all sizes, this book is of direct relevance and use to all business managers, practitioners, boards and senior executives. Key insights from and for each are built into every chapter, including unique contributions from board members of a range of companies. The Operational Risk Handbook for Financial Companies is an essential book for making better decisions at every level of a financial company; ones that measurably improve outcomes for boards, managers, employees and shareholders alike.

About this title

Review:

With The Operational Risk Handbook, Brian Barnier presents a value packed guidebook for both the practitioner and the novice. Tightly written, the Handbook gives the reader a good grounding in the detail of risk, taking time to explain fundamental concepts such as how to calculate the probability of failure, and provide references to frameworks and industry guidance for identifying and managing risk. Brian brings the subject matter to life with examples, illustrations, and a wealth of experience. The Handbook is a good investment and easy read for those who need come up to speed on Operational Risk and obtain a broad overview of this important, but not yet widely understood, major risk type. --Jonathan Rosenoer - Head of Operational Risk, Bank of the West

About the Author:

Brian Barnier uses his cross-discipline, country and industry practical experience to help leaders improve their personal and operational risk program efficiency and effectiveness. In addition, he has been honored to serve on several best-practice committees, developing risk-return management approaches that address both compliance and performance. He was named one of the exclusive Fellows of the Open Compliance and Ethics Group (OCEG). He is consistently rated one of the top presenters at industry conferences, especially his keynotes, as well as an exceptional teacher for industry certifications. He writes widely for the trade press and contributed to 'Risk Management in Finance', published by Wiley & Sons. For the Risk Management Association, he has presented at GCOR, teaches in the webinar series and writes for the RMA Journal. He has also presented popular podcasts, is regularly quoted in the risk and financial press, and has over 100 published articles for business operations, finance, technology, audit, risk, security and business continuity audiences. ValueBridge Advisors Twitter @Brian_Barnier

About this edition

• Publisher: Harriman House Publishing
• Publication date: 2011
• ISBN 10: 0857190539
• ISBN 13: 9780857190536
• Binding: Paperback
• Number of pages: 196