Fundamentals of Operational Risk Management

Dr Simon Ashby is Associate Professor of Financial Services at Vlerick Business School, based in Brussels, Belgium. Prior to this he was Associate Professor at Plymouth Business School, UK and worked as a financial regulator and a senior risk manager in a number of top UK financial institutions. He is a Fellow and former Chairman of the Institute of Operational Risk (IOR) and a Senior Research Fellow at the Centre for Risk, Banking and Financial Services at the University of Nottingham. The IRM is a world leading professional body for risk management, driving excellence in managing risk to ensure organizations are ready for opportunities and threats of the future.

Chapter - 01: Understanding operational risk - Key concepts and management objectives;
Chapter - 02: Embedding operational risk management;
Chapter - 03: Categorizing operational risks;
Chapter - 04: Risk culture;
Chapter - 05: Risk appetite;
Chapter - 06: Operational risk governance;
Chapter - 07: Risk and control self-assessments;
Chapter - 08: Operational loss events;
Chapter - 09: Operational risk indicators;
Chapter - 10: Scenario analysis and stress testing;
Chapter - 11: Organizational resilience;
Chapter - 12: Regulating operational risk

"This is an excellent book, serving as an effective pragmatic tool for risk practitioners working in all three lines across the world, as well as a good guide for the academics in operational risk."

"It is becoming more and more clear that operational risk models are of limited use, while taking behavioural elements into account in risk culture, governance etc. is of tremendous importance. This book sets absolutely the right focus - and numerous case studies confirm that Simon is not just a seasoned academic, but very familiar with the important details of practical implementation as well. Really worthwhile reading!"