Operational Risk Management - Philippa X. Girling

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Auteur(s) : Philippa X. Girling

Editeur : John Wiley & Sons Inc

Langue : Anglais

Parution : 01/02/2022

Format : Moyen, de 350g à 1kg

Nombre de pages : 384

Expédition : 712

Dimensions : 23.3 x 15.5 x 3.2

ISBN : 1119836042

Résumé :
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....

Biographie:

PHILIPPA GIRLING, PhD, is Chief Risk Officer at Varo Bank N.A. She has over 25 years of experience in global financial services and is a recognized risk management leader who has authored two popular operational risk textbooks. She is a sought-after public speaker on enterprise risk management and digital transformation and was named as one of the decade's Top Fifty Faces of Operational Risk in 2006.

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Sommaire:

Preface xiii

Acknowledgments xv

Chapter 1 Definition and Drivers of Operational Risk 1

The Definition of Operational Risk 1

2012 London Olympics: A Case Study 5

Operational Risk Management and Operational Risk Measurement 9

Drivers of Operational Risk Management 13

Key Points 14

Review Questions 14

Notes 15

Chapter 2 The Regulatory Push 17

History of the Basel Accords 17

Rules of the Accords 22

Adoption of Basel II in Europe 27

Adoption of Basel II in the United States 27

Impact of the Financial Crisis 29

Basel III 34

Key Points 36

Review Questions 36

Notes 37

Chapter 3 The Operational Risk Framework 39

Overview of the Operational Risk Framework 39

The Foundations of the Framework 40

The Four Data Building Blocks 42

Measurement and Modeling 44

Reporting 44

Risk Appetite 45

Key Points 45

Review Questions 46

Note 46

Chapter 4 Operational Risk Governance 47

Role of Governance 47

First Line of Defense 50

Second Line of Defense 51

Third Line of Defense 63

Risk Committees 66

Key Points 68

Review Questions 69

Notes 69

Chapter 5 Culture and Awareness 71

Winning over the Firm 71

Marketing and Communication 72

Agile 73

Training 75

Planning 76

The Use Test 82

Key Points 84

Review Question 84

Note 84

Chapter 6 Policies and Procedures 85

The Role of Policies, Procedures, Guidelines, and Standards 85

Best Practices 88

Operational Risk Policy 88

Sample Operational Risk Policy 89

Sample Standards, Procedures, and Guidelines 95

Key Points 97

Review Question 97

Note 97

Chapter 7 Internal Operational Risk Event Loss Data 99

Operational Risk Event Data 99

Internal Loss Data or Internal Operational Risk Events 100

Risk Event Categories 103

Using the Basel Risk Categories 112

Minimum Operational Risk Event Data Standards 113

Where Should Operational Risk Event Data Be Collected? 129

When Should Operational Risk Event Data Be Collected? 130

How Should Operational Risk Event Data Be Collected? 130

Key Points 132

Review Questions 132

Notes 134

Chapter 8 External Loss Data 135

External Operational Risk Event Data 135

Sources of External Loss Event Data 136

Challenges of External Data 139

Key Points 147

Review Question 148

Notes 148

Chapter 9 Key Risk Indicators 149

Key Risk Indicators 149

Selecting Kris 153

Thresholds 154

Kri Standards 154

Kri Challenges 155

Metrics Examples 155

Key Points 161

Review Question 161

Note 161

Chapter 10 Risk and Control Self-Assessments 163

The Role of Assessments 163

RCSA Methods 166

RCSA Scoring Methods 169

RCSA Best Practices 173

Key Points 178

Review Question 179

Note 179

Chapter 11 Scenario Analysis 181

Role of Scenario Analysis 181

Scenario Analysis Approaches 183

Scenario Analysis Output 192

Key Points 195

Review Questions 195

Notes 196

Chapter 12 Capital Modeling 197

Operational Risk Capital 197

Basic Indicator Approach 199

Standardized Approach 202

Advanced Measurement Approach 208

Insurance 221

Future of Capital Requirements: Basel III 223

Key Points 235

Review Questions 236