Operational Risk Management in Financial Services

Elena Pykhova is an award-winning risk expert, author, international trainer and educator. She is founder of boutique risk management consultancy The OpRisk Company, which specializes in board - and executive - level advice on effective risk management practices. She runs public and in-house training courses in the UK and internationally for world-leading organizations such as the Euronext Academy. She is founder of a think tank, Best Practice Operational Risk Forum, former Chair of the Operational Risk Expert Panel for the Association of Foreign Banks, and Director for Education at the Institute of Operational Risk.

Chapter - 01: Operational risk – Definition and taxonomy;
Chapter - 02: Operational risk framework and its implementation;
Chapter - 03: The Three Lines model – Its application to operational risk management;
Chapter - 04: Operational risk events;
Chapter - 05: Risk and control self-assessments;
Chapter - 06: Operational risk assessment of change initiatives;
Chapter - 07: Key Risk Indicators;
Chapter - 08: Scenario analysis;
Chapter - 09: Operational risk appetite;
Chapter - 10: Operational risk reporting;
Chapter - 11: Operational risk training and education;
Chapter - 12: Risk culture;
Chapter - 13: Embedding and maturity assessment;
Chapter - 14: Incorporating ESG into operational risk framework;
Chapter - 15: Operational resilience;
Chapter - 16: Ref lections on the future of the operational risk discipline;
Chapter - 17: Appendix 1 – Operational Risk Champion: role description;
Chapter - 18: Appendix 2 – Example operational risk event reporting template;
Chapter - 19: Appendix 3 – ORA template;
Chapter - 20: Appendix 4 – Table of 50 Key Risk Indicators;