Wow! eBook
Fundamentals of Operational Risk Management: Understanding and Implementing Effective Tools, Policies and Frameworks
Author(s): Simon Ashby (Author)
- Publisher: Kogan Page
- Publication Date: 3 April 2022
- Edition: 1st
- Language: English
- Print length: 320 pages
- ISBN-10: 1398605026
- ISBN-13: 9781398605022
Book Description
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.
Editorial Reviews
Review
“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.” ―
Dominic Wu, Director, Risk Management BCT Group“
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.” ― Elena Pykhova, Director and Founder, The OpRisk Company“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!” ―
Prof. Dr. Thomas Kaiser, Professor Kaiser Risk Management Consulting & Goethe University
