Operations Risk Book

Operations Risk


  • Author : David Loader
  • Publisher : Elsevier
  • Release Date : 2011-02-23
  • Genre: Business & Economics
  • Pages : 192
  • ISBN 10 : 0080469485

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Operations Risk Excerpt :

Operations Risk--a form of Operational Risk, is becoming increasingly important as more and more sophisticated products and the use of those products occurs in the financial services industry. Outsourcing, including overseas outsourcing, is changing the structure of firms and particularly operations teams. Thus understanding the existing and the changing risk environment in operations functions and its impact on operational risk is centrally important today. The book focuses on areas such as technology risk, people risk, and settlement risk, examining the dangers that lurk within different organisations. Case studies throughout the book illustrate the way in which risk can become magnified and ultimately become a serious danger to the businesses concerned. The reader is challenged throughout the book to interpret given situations in Operations Risk so as to understand the impact of the risks and devise solutions through a series of exercises included in the relevant chapters. (answers are provided). This “self-test approach will help reinforce understanding of the detailed material contained throughout the book. *Offers the knowledge, tools, techniques, and solutions necessary to recognize and evaluate operations risk *Concise, easy to read format provides practical solutions and techniques that readers can implement tomorrow *Case studies and "self-test" features ensure practical understanding.

Operational Risk Management Book

Operational Risk Management


  • Author : Ariane Chapelle
  • Publisher : John Wiley & Sons
  • Release Date : 2019-02-04
  • Genre: Business & Economics
  • Pages : 272
  • ISBN 10 : 9781119549048

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Operational Risk Management Excerpt :

OpRisk Awards 2020 Book of the Year Winner! The Authoritative Guide to the Best Practices in Operational Risk Management 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. Drawing on the author's extensive experience working with and advising financial companies, Operational Risk Management is written both for those new to the discipline and for experienced operational risk managers who want to strengthen and consolidate their knowledge.

Operational Risk Modelling and Management Book

Operational Risk Modelling and Management


  • Author : Claudio Franzetti
  • Publisher : CRC Press
  • Release Date : 2016-04-19
  • Genre: Business & Economics
  • Pages : 413
  • ISBN 10 : 1439844771

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Operational Risk Modelling and Management Excerpt :

Taking into account the standards of the Basel Accord, Operational Risk Modelling and Management presents a simulation model for generating the loss distribution of operational risk. It also examines a multitude of management issues that must be considered when adjusting the quantitative results of a comprehensive model. The book emphasizes techniques that can be understood and applied by practitioners. In the quantitative portions of the text, the author supplies key concepts and definitions without stating theorems or delving into mathematical proofs. He also offers references for readers looking for further background information. In addition, the book includes a Monte Carlo simulation of risk capital in the form of a run-through example of risk calculations based on data from a quantitative impact study. Since the computations are too complicated for a scripting language, a prototypical software program can be downloaded from www.garrulus.com Helping you navigate the tricky world of risk calculation and management, this book presents two main building blocks for determining how much capital needs to be reserved for operational risk. It employs the loss distribution approach as a model for calculating the risk capital figure and explains risk mitigation through management and management’s actuations.

Operational Risk Management Book

Operational Risk Management


  • Author : Philippa X. Girling
  • Publisher : John Wiley & Sons
  • Release Date : 2013-10-14
  • Genre: Business & Economics
  • Pages : 352
  • ISBN 10 : 9781118532454

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Operational Risk Management Excerpt :

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.

Operational Risk and Resilience Book

Operational Risk and Resilience


  • Author : Chris Frost
  • Publisher : Elsevier
  • Release Date : 2000-11-14
  • Genre: Business & Economics
  • Pages : 306
  • ISBN 10 : 9780080513140

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Operational Risk and Resilience Excerpt :

Well publicised failures in risk management have appeared with shocking frequency over the past few years. Affected firms can suffer significant commercial damage or even bankruptcy as a result. Only now is there a growing realisation that risk management is a key management responsibility. This book will help turn your firm into a 'risk aware' organization which will be able to avoid catastrophic loss. It will also enable senior management to make better strategic and operational decisions, thanks to an informed understanding of business hazards. Case studies from a wide cross section of different firms and markets are used to explain how to define, analyse and control operational risk. An insightful guide to one of the key topics of modern strategic and operational management, written by a team of expert risk management professionals Learn about the application of operational risk management to a wide range of market sectors, including commercial, retail and investment banking, investment management, insurance, the energy industry, telecommunications, manufacturing and logistics Case studies and worked examples from around the world, including North America, Western Europe, South East Asia and Latin America

Operational Risk Book

Operational Risk


  • Author : Harry H. Panjer
  • Publisher : John Wiley & Sons
  • Release Date : 2006-10-13
  • Genre: Business & Economics
  • Pages : 448
  • ISBN 10 : 9780470051306

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Operational Risk Excerpt :

Discover how to optimize business strategies from both qualitative and quantitative points of view Operational Risk: Modeling Analytics is organized around the principle that the analysis of operational risk consists, in part, of the collection of data and the building of mathematical models to describe risk. This book is designed to provide risk analysts with a framework of the mathematical models and methods used in the measurement and modeling of operational risk in both the banking and insurance sectors. Beginning with a foundation for operational risk modeling and a focus on the modeling process, the book flows logically to discussion of probabilistic tools for operational risk modeling and statistical methods for calibrating models of operational risk. Exercises are included in chapters involving numerical computations for students' practice and reinforcement of concepts. Written by Harry Panjer, one of the foremost authorities in the world on risk modeling and its effects in business management, this is the first comprehensive book dedicated to the quantitative assessment of operational risk using the tools of probability, statistics, and actuarial science. In addition to providing great detail of the many probabilistic and statistical methods used in operational risk, this book features: * Ample exercises to further elucidate the concepts in the text * Definitive coverage of distribution functions and related concepts * Models for the size of losses * Models for frequency of loss * Aggregate loss modeling * Extreme value modeling * Dependency modeling using copulas * Statistical methods in model selection and calibration Assuming no previous expertise in either operational risk terminology or in mathematical statistics, the text is designed for beginning graduate-level courses on risk and operational management or enterprise risk management. This book is also useful as a reference for practitioners in both enterprise risk management and risk and operational

Quantitative Operational Risk Models Book

Quantitative Operational Risk Models


  • Author : Catalina Bolancé
  • Publisher : CRC Press
  • Release Date : 2012-02-15
  • Genre: Business & Economics
  • Pages : 236
  • ISBN 10 : 9781439895931

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Quantitative Operational Risk Models Excerpt :

Using real-life examples from the banking and insurance industries, Quantitative Operational Risk Models details how internal data can be improved based on external information of various kinds. Using a simple and intuitive methodology based on classical transformation methods, the book includes real-life examples of the combination of internal data and external information. A guideline for practitioners, the book begins with the basics of managing operational risk data to more sophisticated and recent tools needed to quantify the capital requirements imposed by operational risk. The book then covers statistical theory prerequisites, and explains how to implement the new density estimation methods for analyzing the loss distribution in operational risk for banks and insurance companies. In addition, it provides: Simple, intuitive, and general methods to improve on internal operational risk assessment Univariate event loss severity distributions analyzed using semiparametric models Methods for the introduction of underreporting information A practical method to combine internal and external operational risk data, including guided examples in SAS and R Measuring operational risk requires the knowledge of the quantitative tools and the comprehension of insurance activities in a very broad sense, both technical and commercial. Presenting a nonparametric approach to modeling operational risk data, Quantitative Operational Risk Models offers a practical perspective that combines statistical analysis and management orientations.

Operational Risk Management in Container Terminals Book

Operational Risk Management in Container Terminals


  • Author : Eric Su
  • Publisher : Routledge
  • Release Date : 2015-06-19
  • Genre: Business & Economics
  • Pages : 148
  • ISBN 10 : 9781317414919

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Operational Risk Management in Container Terminals Excerpt :

This book provides an overview of the operation of container terminals and the associated risks with such operations. These risks are often ignored or not properly investigated by both scholars and practitioners. Operational Risk Management in Container Terminals explores and discusses the decision rationales and the consequences for these operational risks handling process, with in-depth investigation on the container terminals in the Asia-Pacific region. The topics covered include the history and development of the container terminals, the operation of the terminals and risk incurred, the risk-management theories and concepts, rationales and consequences of the risk decisions in the container terminal operations, common practices and recommendations on terminal operational risk handling.

Operational Risk Management Book

Operational Risk Management


  • Author : Ron S. Kenett
  • Publisher : John Wiley & Sons
  • Release Date : 2011-06-20
  • Genre: Business & Economics
  • Pages : 324
  • ISBN 10 : 9781119956723

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Operational Risk Management Excerpt :

Models and methods for operational risks assessment and mitigation are gaining importance in financial institutions, healthcare organizations, industry, businesses and organisations in general. 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. The book also demonstrates how Operational Risk Management is synergetic to other risk management activities such as Financial Risk Management and Safety Management. Operational Risk Management: a practical approach to intelligent data analysis provides practical and tested methodologies for combining structured and unstructured, semantic-based data, and numeric data, in Operational Risk Management (OpR) data analysis. Key Features: The book is presented in four parts: 1) Introduction to OpR Management, 2) Data for OpR Management, 3) OpR Analytics and 4) OpR Applications and its Integration with other Disciplines. Explores integration of semantic, unstructured textual data, in Operational Risk Management. Provides novel techniques for combining qualitative and quantitative information to assess risks and design mitigation strategies. Presents a comprehensive treatment of "near-misses" data and incidents in Operational Risk Management. Looks at case studies in the financial and industrial sector. Discusses application of ontology engineering to model knowledge used in Operational Risk Management. Many real life examples are presented, mostly based on the MUSING project co-funded by the EU FP6 Information Society Technology Programme. It provides a unique multidisciplinary perspective on the important and evolving topic of Operational Risk Management. The book will be useful to operational risk practitioners, risk managers in banks, hospitals and industry looking for modern approaches to risk management that combine an analysis of structured and unstructured data. The book will also bene

Operational Risk Management in Banks Book
Score: 4
From 1 Ratings

Operational Risk Management in Banks


  • Author : Giuliana Birindelli
  • Publisher : Springer
  • Release Date : 2017-07-26
  • Genre: Business & Economics
  • Pages : 221
  • ISBN 10 : 9781137594525

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Operational Risk Management in Banks Excerpt :

This book focuses on several topical issues related to the operational risk management in bank: regulation, organisation and strategy. It analyses the connections between the different key-players involved in the operational risk process and the most relevant implications, both operational and strategic, arising from the implementation of the prudential framework.

A Short Guide to Operational Risk Book

A Short Guide to Operational Risk


  • Author : David Tattam
  • Publisher : Routledge
  • Release Date : 2017-05-15
  • Genre: Business & Economics
  • Pages : 256
  • ISBN 10 : 9781351961660

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A Short Guide to Operational Risk Excerpt :

There is a growing awareness across both public and private sectors, that the key to embedding an effective risk culture lies in raising the general education and understanding of risk at every level in the organization. This is exactly the purpose of David Tattam's book. A Short Guide to Operational Risk provides you with a basic yet comprehensive overview of the nature of operational risk in organizations. It introduces operational risk as a component of enterprise wide risk management and takes the reader through the processes of identifying, assessing, quantifying and managing operational risk; explaining the practical aspects of how these steps can be applied to an organization using a range of management tools. The book is fully illustrated with graphs, tables and short examples, all designed to make a subject that is often poorly understood, comprehensible and engaging. A Short Guide to Operational Risk is a book to be read and shared at all levels of the organization; it offers a common understanding and language of risk that will provide individual readers with the basis to develop risk management skills, appropriate to their role in the business.

Risk Assessment Book

Risk Assessment


  • Author : Georgi Popov
  • Publisher : John Wiley & Sons
  • Release Date : 2016-06-27
  • Genre: Technology & Engineering
  • Pages : 480
  • ISBN 10 : 9781118911044

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Risk Assessment Excerpt :

Covers the fundamentals of risk assessment and emphasizes taking a practical approach in the application of the techniques Written as a primer for students and employed safety professionals covering the fundamentals of risk assessment and emphasizing a practical approach in the application of the techniques Each chapter is developed as a stand-alone essay, making it easier to cover a subject Includes interactive exercises, links, videos, and downloadable risk assessment tools Addresses criteria prescribed by the Accreditation Board for Engineering and Technology (ABET) for safety programs

Probability Distributions in Risk Management Operations Book

Probability Distributions in Risk Management Operations


  • Author : Constantinos Artikis
  • Publisher : Springer
  • Release Date : 2015-02-02
  • Genre: Technology & Engineering
  • Pages : 317
  • ISBN 10 : 9783319142562

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Probability Distributions in Risk Management Operations Excerpt :

This book is about the formulations, theoretical investigations, and practical applications of new stochastic models for fundamental concepts and operations of the discipline of risk management. It also examines how these models can be useful in the descriptions, measurements, evaluations, and treatments of risks threatening various modern organizations. Moreover, the book makes clear that such stochastic models constitute very strong analytical tools which substantially facilitate strategic thinking and strategic decision making in many significant areas of risk management. In particular the incorporation of fundamental probabilistic concepts such as the sum, minimum, and maximum of a random number of continuous, positive, independent, and identically distributed random variables in the mathematical structure of stochastic models significantly supports the suitability of these models in the developments, investigations, selections, and implementations of proactive and reactive risk management operations. The book makes extensive use of integral and differential equations of characteristic functions, mainly corresponding to important classes of mixtures of probability distributions, as powerful analytical tools for investigating the behavior of new stochastic models suitable for the descriptions and implementations of fundamental risk control and risk financing operations. These risk treatment operations very often arise in a wide variety of scientific disciplines of extreme practical importance.

Managing Operational Risk in Financial Markets Book
Score: 5
From 1 Ratings

Managing Operational Risk in Financial Markets


  • Author : Amanat Hussain
  • Publisher : Butterworth-Heinemann
  • Release Date : 2000-06-19
  • Genre: Business & Economics
  • Pages : 271
  • ISBN 10 : 0750647329

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Managing Operational Risk in Financial Markets Excerpt :

Risk management is one of the biggest issues facing the financial markets today. This volume outlines the major issues for risk management and focuses on operational risk as a key activity in managing risk on an enterprise-wide basis.

Fundamentals of Operational Risk Management Book

Fundamentals of Operational Risk Management


  • Author : Simon Ashby
  • Publisher : Kogan Page
  • Release Date : 2022-04-26
  • Genre: Uncategoriezed
  • Pages : 296
  • ISBN 10 : 1398605026

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Fundamentals of Operational Risk Management Excerpt :

Grasp the key principles of managing operational risk and learn the value of ORM in protecting organizations from threats and losses.