Non-financial Risk Management in the Financial Industry
A Target Operating Model
2nd Edition
Published on 22. September 2025
Book
Hardback
400 pages
978-3-95647-237-4 (ISBN)
Description
Managing compliance, operational, digital, AI and sustainability risks has become increasingly critical for businesses in the financial services industry. Furthermore, expectations by regulators are ever more demanding, while monetary sanctions are being scaled up. Accordingly, non-financial risk (NFR) management requires sophistication in various aspects of a risk management system.
This handbook analyses a major success factor necessary for meeting the requirements of modern risk management: an institution-specific target operating model - integrating strategy, governance & organisation, risk management, data architecture and cultural elements to ensure maximum effectiveness. Fully updated to reflect the latest regulatory and industry developments, the second edition features two brand-new chapters on the deployment of (Gen) AI in non-financial risk management and cyber resilience in financial institutions.
The book has been written by senior NFR experts from key markets in Europe, the US and Asia. It gives practitioners the necessary guidance to master the challenges in today's global risk environment. Each chapter covers key regulatory requirements, major implementation challenges as well as both practical solutions and examples.
More details
Edition
revised and extended edition
Language
English
Place of publication
Frankfurt am Main
Germany
Target group
Professional and scholarly
Edition type
Revised edition
Product notice
sewn/stitched
Dimensions
Height: 243 mm
Width: 177 mm
Thickness: 25 mm
Weight
872 gr
ISBN-13
978-3-95647-237-4 (9783956472374)
Schweitzer Classification
Other editions
Additional editions
Norbert Gittfried | Georg Lienke | Florian Seiferlein
Non-financial Risk Management in the Financial Industry
A Target Operating Model
E-Book
09/2025
2nd Edition
Frankfurt School Forum
€87.99
Available for download
Norbert Gittfried | Georg Lienke | Florian Seiferlein
Non-financial Risk Management in the Financial Industry
A Target Operating Model
E-Book
09/2025
2nd Edition
Frankfurt School Forum
€87.99
Available for download
Persons
Editor
Norbert Gittfried is a Partner and Director at Boston Consulting Group. As topic coordinator for Compliance & Regulation, he advises large financial institutions worldwide on complex compliance transformations and the development of overarching non-financial risk (NFR) steering approaches. His focus lies both on establishing effective Compliance and NFR management systems, on digitising those functions and making them more efficient. Prior to joining BCG 15 years ago, he was Senior Manager at a Big 4 Company. He is a lecturer at Goethe Business School and a permanent representative in various industry bodies for FI.
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Dr. Georg Lienke is a lawyer and Associate Director at Boston Consulting Group focusing on non-financial risk management and Compliance. Georg regularly publishes on non-financial risk topics. He holds a Ph.D. in law from the Technical University Dresden and an LL.M. in Corporate and Financial Law from the University of Hong Kong. Prior to joining BCG, Georg worked at a Big 4 Company, a global bank and an international law firm.
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Florian Seiferlein is a former Partner at Boston Consulting Group. For more than a decade, he advised leading Financial Institutions on Strategy, Finance and Risk Management. He managed large-scale transformations, implementations of digitalized End-to-End Target Operating Models as well as regulatory assessments in Europe, North America and Africa, and he was also a part of US Monitor teams. After BCG, a Big4 and another management consulting firm, he moved into a leading role in the financial industry. Florian holds a Master of Science in business engineering (Karlsruhe Institute of Technology).
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Jannik Leiendecker is a Partner and Associate Director at Boston Consulting Group. He is co-leading BCG's Center for Sustainability Policy and Regulation and is also a member of EFRAG's Sustainability Reporting Technical Expert Group. Over the last 15 years, his work has been focused on Non-Financial Risk Management and Sustainability-related topics especially within the Financial Services Industry. He is a regular guest lecturer and has published intensively on the subject.
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Dr. Bernhard Gehra is a Managing Director and Senior Partner at Boston Consulting Group, based in New York City. With more than 20 years of experience, he specializes in Risk, Compliance, and Technology, advising global organizations on complex challenges in these domains. In the past decade, he has led large-scale, international programs with a particular focus on Risk and Non-Financial Risk management. At BCG, Bernhard holds multiple leadership roles within the firm's Risk & Compliance practice, including heading the North America branch. Prior to joining BCG, he worked for a leading global securities services provider. He holds a Ph.D. in Information Science.
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Dr. Katharina Hefter is a Managing Director and Partner at Boston Consulting Group. With more than 15 years of experience, she specializes on Compliance, Risk, and Ethics supporting clients in preventive transformative programs as well as remediation efforts. She leads complex, international programs in Non-Financial Risk Management for Banks, Payment Providers and Insurance Companies. Furthermore, Katharina holds several leadership roles within BCG and is BCG's Global Lead for Compliance and Crisis Management. Katharina holds a Ph.D. in international management from ESCP Europe.
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Felix Hildebrand is a Managing Director & Partner at Boston Consulting Group, where he leads the firm's Compliance business for financial institutions across Central & Northern Europe. With roughly 15 years of experience in the industry, his work focuses on the design and transformation of Compliance and Non-Financial Risk functions. He has led numerous large-scale engagements related to risk governance, operational resilience, and regulatory-driven change. Felix regularly publishes on compliance & nonfinancial risk topics, and actively drives the agenda of several think tanks.