Technology failures, data loss, issues with providers of outsourced services, misconduct and mis-selling are just some of the top risks that the financial industry faces. Operational risk management is, simply, a commercial necessity.
The management of operational risk has developed considerably since its early years. Continued regulatory focus and catastrophic industry events have led to operational risk becoming a crucial topic on any senior management team's agenda. This book is a practical guide for practitioners which focuses on how to establish effective solutions, avoid common pitfalls and apply best practice to their organizations.
Filled with frameworks, examples and diagrams, this book offers clear advice on key practices including conducting risk assessments, assessing change initiatives and designing key risk indicators. This new edition of
Operational Risk Management in Financial Services
also features two new chapters reflecting on the future of operational risk management, from cyber risk to GenAI, and guides practitioners in incorporating ESG into their day-to-day strategies. This is the essential guide for professionals looking to derive value out of operational risk management, rather than applying a compliance 'tick box' approach.
Rezensionen / Stimmen
"Written by a renowned educator, this book is an invaluable resource for both experienced and early-career professionals seeking to enhance their skills and practices to foster value-added operational risk management. With a simple and engaging approach, this book aptly recognizes the growing complexity of operational risk activities, offering essential tools and practical examples for navigating this evolving landscape."
Sprache
Verlagsort
Zielgruppe
Für Beruf und Forschung
Für höhere Schule und Studium
Editions-Typ
Produkt-Hinweis
Maße
Höhe: 234 mm
Breite: 156 mm
Dicke: 30 mm
Gewicht
ISBN-13
978-1-3986-1714-8 (9781398617148)
Schweitzer Klassifikation
Autor*in
Elena Pykhova is an award-winning risk expert, author, international trainer and educator. She is founder of boutique risk management consultancy The OpRisk Company, which specializes in board - and executive - level advice on effective risk management practices. She runs public and in-house training courses in the UK and internationally for world-leading organizations such as the Euronext Academy. She is founder of a think tank, Best Practice Operational Risk Forum, former Chair of the Operational Risk Expert Panel for the Association of Foreign Banks, and Director for Education at the Institute of Operational Risk.
