Operational Risk Management: Best Practices in the Financial Services Industry

Operational Risk Management offers a comprehensive guide that contains a review of the most up-to-date and effective operational risk management practices in the financial services industry. The book provides an essential overview of the current methods and best practices applied in financial companies and also contains advanced tools and techniques developed by the most mature firms in the field. The author explores the range of operational risks such as information security, fraud or reputation damage and details how to put in place an effective program based on the four main risk management activities: risk identification, risk assessment, risk mitigation and risk monitoring. The book also examines some specific types of operational risks that rank high on many firms' risk registers.

Book contents:

  1. Risk Identification Tools

  2. Scenario Identification Process

  3. Risk Definition and Taxonomy

  4. Risk Connectivity and Risk Networks

  5. Risk Appetite

  6. Risk and Control Self-Assessments

  7. Scenario Assessment

  8. Regulatory Capital and Modeling

  9. Operational Risk Governance

  10. Risk Mitigation

  11. Root Cause Analysis and Action Plans

  12. Conduct and Culture

  13. Incident Data Collection

  14. Key Risk Indicators

  15. Risk Reporting

  16. Valuable ORM

  17. Project Risk Management

  18. Information Security Risks

  19. Operational Risks in Cryptocurrencies

  20. Resilience and Reputation

  21. Conclusion