Operational Risk Management in Financial Services: A Practical Guide to Establishing Effective Solutions (Paperback) (ISBN-13: 9781398617148)

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 to AI, 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.

Author: Elena Pykhova
ISBN-10: 1398617148
ISBN-13: 9781398617148
Publisher: Kogan Page
Language: English
Published: 09/24/2024
Pages: 464
Format: Paperback
Weight: 1.42lbs
Size: 9.21h x 6.14w x 1.26d