A practical guide, from the basic techniques, through to advanced applications, showing you what operational risk is, and how you can manage it.
Mastering Operational Risk provides a step-by-step guide from the basic elements of operational risk through to advanced applications of operational risk management. Focusing on practical applications, it gives you the knowledge needed to understand what operational risk is and puts in place a workable way of managing it.
, John Thirlwell
Financial Times Managemen
Country of Publication:
2nd Revised edition
Series: The Mastering Series
05 September 2013
Professional and scholarly
Part 1: Setting the scene1. What is operational risk?2. The business case for operational risk management Part 2: The framework3. Governance4. Operational risk appetite5. Risk and control assessment ?6. Events and losses7. Indicators Part 3: Advancing the framework8. Reporting9. Modelling10. Stress tests and scenarios11. Operational risk management and Six sigma Part 4: Mitigation and assurance12. Business continuity13. Insurance14. Internal audit Â the third line of defence Part 5: Practical operational risk management15. Outsourcing risk16. People risk17. Reputation risk
Tony Blunden is an Executive Director of Chase Cooper, a risk management solutions company. He has written numerous articles on operational risk issues for Operational Risk and Compliance and New Banking Frontiers, he is the co-author of Risk-Based Compliance (2001) (Butterworths) and has contributed to over 4 other books on this subject area. 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 and is a Fellow of the Institute of Operational Risk. He has written regular columns on risk management and contributed to several books