Fundamentals of Operational Risk Management
Understanding and Implementing Effective Tools, Policies and Frameworks
Format:Hardback
Publisher:Kogan Page Ltd
Publishing:3rd Dec '25
£76.00
This title is due to be published on 3rd December, and will be despatched as soon as possible.
This hardback is available in another edition too:
- Paperback£44.99(9781398622906)
Threats and disruptions to the operations of any organization can have major consequences. From IT disruptions, cyberattacks and third-party issues to serious fraud, conduct risks and geopolitical challenges, there are numerous issues that can impact the success of an organization. Understanding the key principles of an effective operational risk management programme allows organizations to protect themselves from threats. Fundamentals of Operational Risk Management outlines how to implement an operational risk management framework which is embedded in day-to-day business activities. Covering how to understand an organization's existing risk appetite and risk culture to the key tools for managing operational risks such as a categorization, risk and control self-assessment and scenario analysis, this book provides a step-by-step guide to improving operational risk management. This fully updated new edition brings new coverage of emerging operational risks related to AI, ESG, extended enterprise and supply chains. It also includes a new chapter that shows an organization how to manage the impact that geopolitical risks can have on their operations. With global real-world examples of major operational risk events across different industries, this book shows the important role that operational risk management can play in an organization's success.
"Managing operational risk is essential in this age of increasing uncertainty and complexity. Written by an authoritative expert in the field, this book provides clarity and practical insight, delivering a comprehensive and accessible framework for the management of operational risk. For both risk managers and those newer to the profession, the book is an essential guide to safeguarding operational integrity and driving strategic value through risk-aware decision-making. It should be an important resource for anyone serious about enhancing their risk practice." * Patrick J Ring, Professor of Financial Services, Glasgow Caledonian University *
"This is a practical book, aptly illustrated by practical risk management practices around the world. As a former risk practitioner with a Big 4, my immediate sense is that this book can only have been written by someone who has gone through the trenches of operational risk management." * Petrus Gimbad, Board Chairman, Life Water Berhad and retired partner, Ernst & Young, Malaysia and Vietnam Practice *
"The book is a well-structured and comprehensive guide for both practicing risk professionals and also for new learners who are aspiring to step into the operational risk management arena. There are ample real-world examples in the book that aids to put the theory to practice easily." * Nandini Devarajan, Senior Manager, Group Risk, AirAsia Aviation Group *
"Simon Ashby has managed to achieve the almost unthinkable: making an already great book even better. His usual brilliant combination of academic rigor and personal in-depth experience with operational risk management makes this book both insightful and fun to read. Adding the very current topic of geopolitical risks together with even more up-to-date real-world examples significantly adds to the book's appeal." * Thomas Kaiser, Founder, Professor Kaiser Risk Management Consulting *
"This book is for both academic purposes and for business practices with real-world examples that everyone can learn from." * Miranti Gani, Risk Management Committee member, Indonesia Railway *
ISBN: 9781398622913
Dimensions: unknown
Weight: unknown
352 pages
2nd Revised edition