Operational Risk Management: A Complete Guide for Banking and Fintech (Wiley Finance)

Identify, assess, and mitigate operational risk with this practical and authoritative guide
In the newly revised second edition of Operational Risk Management: A Complete Guide for Banking and Fintech, accomplished risk executive and expert Philippa Girling delivers an insightful and practical exploration of operational risk in organizations of all sizes. She offers risk professionals and executives the tools, strategies, and best practices they need to mitigate and overcome ever-present operational risk challenges that impact business in all industries.
This latest edition includes: Insight into how operational risk can be effectively managed and measured in today's digital banking age. Updates on the latest regulatory guidance on operational risk management requirements in all aspects of the operational risk framework. Updates on the new Basel II capital modeling methodology for operational risk. New explorations of operational risk events in recent years including the impact of the global Covid-19 pandemic. Updated case studies including large events at Wells Fargo, Credit Suisse and Archegos Capital Management.
Ideal for executives, managers, and business leaders, Operational Risk Management is also the perfect resource for risk and compliance professionals who wish to refine their abilities to identify, assess, mitigate, and control operational risk.
From the Inside Flap
Banks have worked with formalized operational risk frameworks for many years, but the banking industry’s digital transformation has given rise to new issues and entrants who require special consideration to manage their risks effectively. Modern risk executives and managers often find themselves struggling to offer assurances to senior managers of both traditional financial institutions and financial technology companies that operational risks are being effectively mitigated.
In the thoroughly updated Second Edition of Operational Risk Management: A Complete Guide for Banking and Fintech, veteran operational risk leader Dr. Philippa Girling explores the evolution of the operational risk regulatory framework as it has responded to some of the most notorious risk events over the last decade. The book offers a revised framework containing practical steps to ensure the effective identification, assessment, monitoring, and mitigation of operational risks.
Operational Risk Management provides risk professionals in banking and fintech with the tools, strategies, and best practices they need to respond to the ever-changing risk environment facing their organizations. It offers updates on the new Basel II capital modeling and risk framework methodologies for operational risk and explores new operational risk events from recent years, including the global COVID-19 pandemic. This latest edition also includes updated case studies covering significant events at DNB ASA, Credit Suisse, and Archegos Capital Management and considers the reputational fallout from the recent Australian banking scandals.
Few disciplines have matured as much—or as quickly—over the past decade as the management of operational risk. Both early-career and experienced operational risk professionals will find the techniques, frameworks, and concepts found in this book invaluable for effective and efficient risk mitigation. Combining practical insights drawn from decades of experience in the industry with rigorous theory and revealing case studies, this book is a must-read for any executive, manager, or business leader responsible for containing risk.
From the Back Cover
PRAISE FOR OPERATIONAL RISK MANAGEMENT
“From classical training of key concepts to tactical deployment methods, Philippa Girling navigates the nuances and complexities of operational risk management with ease and positions the practitioner to successfully implement a value-added program from the ground up.”
—Spyro Karetsos, Chief Compliance Officer, Google
“Basel II ushered in a new era of operational risk