A best practices guide to all of the elements of an effective operational risk framework While many organizations know how important operational risks are, they still continue to struggle with the best ways to identify and manage them. Organizations of all sizes and in all industries need best practices for identifying and managing key operational risks, if they intend on exceling in today's dynamic environment. Operational Risk Management fills this need by providing both the new and experienced operational risk professional with all of the tools and best practices needed to implement a successful operational risk framework. It also provides real-life examples of successful methods and tools you can use while facing the cultural challenges that are prevalent in this field. Contains informative post-mortems on some of the most notorious operational risk events of our time Explores the future of operational risk in the current regulatory environment Written by a recognized global expert on operational risk An effective operational risk framework is essential for today's organizations. This book will put you in a better position to develop one and use it to identify, assess, control, and mitigate any potential risks of this nature.
Advocates that the key to embedding an effective risk culture lies in raising the awareness of risk at every level of an organisation.
This is a very well-written and instructive book." —Henry Petroski, Aleksandar S. Vesic Professor of Civil Engineering and Professor of History, Duke University "As one of the nation's largest domestic marine transport companies, moving ...
In this book, we explore the concept of operational risk as well as the mechanisms used to diminish the impact and occurrence of risks: the organizational control system.
This book is developed to give businesspersons the opportunity to learn operational risk management from a systems perspective and be able to readily put this learning into action, whether in the classroom or the office, coupled with their ...
This is a book grounded with examples that business leaders can use. Truly No Excuses!" —Emily A. Ashworth, VP and CIO, American Water Ready for Real-World Operational Risk Management?
This is because almost all instnces of operational risk losses result from complex and nonlinear interactions among risk and business processes.
This book introduces modern Operational Risk Management and describes how various data sources of different types, both numeric and semantic sources such as text can be integrated and analyzed.
All three are necessary for navigating the shoals of the complex world of business, finance, and accounting. Comprehensively treated in this book, they all require a mastery of the flow of information.
Assertions are evidence based, with numerous real examples used to underpin his hypotheses. This is a valuable addition to Operational Risk thinking and is recommended for experienced professionals and novices alike.??? ??
In order to support managers in real-time risk assessment and decision-making, the advanced technologies must be complemented by an appropriate reasoning logic. This book presents such a reasoning logic for operational risk management.