Fundamentals of Operational Risk Management: Understanding and Implementing Effective Tools, Policies and Frameworks

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 this growing number of threats.Fundamentals of Operational Risk Management outlines how to implement an operational risk management framework which is embedded in day-to-day business activities for established risk professionals.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 new edition brings new coverage of emerging operatio