9780273727323

The aim of this book is to provide a framework for assessing risk and showing how to manage risk. bull; bull;Step-by-step guide to operational risk. bull;Takes the reader from basic elements of operational risk through to advanced applications of operational risk management. bull;Focuses on practical applications. bull;Gives readers the knowledge needed to understand what operational risk is and puts in place a workable way of managing it. Operational risk is a key element of all businesses and is something that anyone involved in the management of a business - from SMEs to charitable organizations and the public sector, through to global conglomerates - have to be concerned with. This book provides a framework for assessing risk and showing how to manage that risk

John Thirlwell has worked in financial services for over 30 years and for the last 15 years has been on the boards of a number of banks and insurance companies as both an executive and non-executive director. He was a Director of the British Bankers’ Association where he was heavily involved in negotiating the current operational risk regulatory framework for banks and founded and chaired the BBA’s Global Operational Loss Database. He is a Fellow of the Institute of Operational Risk. He has written a regular column for Operational Risk and Regulation magazine, articles on risk issues for Risk, The Treasurer, PFI Journal and the Chartered Institute of Bankers. He was the co-author of A Guide to Business Continuity Management (2001) (BBA/KPMG), senior reviewer of Operational Risk Handbook (2001-4) (Chartered Institute of Securities & Investment), and has written chapters for Advanced Operational Risk (2002) and Basel Handbook (2003)(Risk Waters).

Tony Blunden is an Executive Director of Chase Cooper, a risk management solutions company that focuses on the financial sector to provide solutions for enterprise risk, operational risk, Sarbanes-Oxley, credit and market risk. He heads its consultancy division. Tony’s journalism includes numerous articles on operational risk issues and related matters for Operational Risk and Compliance,New Banking Frontiers, The Scottish Banker, Complinet. He is the co-author of Risk-Based Compliance (2001) (Butterworths) and has contributed to Mastering Derivatives (First Ed. 1996/Second Ed. 2003/Third Ed. 2006) (FT Prentice Hall), The Euromoney Derivatives and Risk Management Handbook 2001/02 (2001) (Euromoney), Operational Risk: Regulation, Analysis and Management (2002) (FT Prentice Hall) and Managing Business Risk (2003) Kogan Page Limited.

Part 1 Setting the scene

Chapter 1 - What is operational risk?

Chapter 2 - The busineess case for operational risk management

Part 2 - The Framework

Chapter 3 - Governance

Chapter 4 - Risk and control assessment

Chapter 5 - Events and losses

Chapter 6 - Indicators

Part 3 - Advancing the Framework

Chapter 7 - Reporting

Chapter 8 - Modelling

Chapter 9 - Stress tests and scenarios

Part 4 - Mitigation and Assurance

Chapter 10 - Business continuity

Chapter 11 - Insurance

Chapter 12 - Internal audit

Part 5 - Practical Operational Risk Management

Chapter 13 - Outsourcing

Chapter 14 - People risk

Chapter 15 Reputation risk

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Mastering Operational Risk : A Practical Guide to Understanding Operational Risk and How to Manage It

Mastering Operational Risk : A Practical Guide to Understanding Operational Risk and How to Manage It

027372732X

Summary

Author Biography

Table of Contents

Supplemental Materials