{"product_id":"integrated-operational-risk-management-isbn-9781394303816","title":"Integrated Operational Risk Management","description":"\u003cp\u003e\u003cb\u003eA hands-on and tech-aware exploration of operational risk management\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eIn \u003ci\u003eIntegrated Operational Risk Management: Tools, Techniques and Meeting Regulatory Expectations,\u003c\/i\u003e distinguished risk and compliance practitioners Jimi Hinchliffe and Andrew Sheen deliver a practical discussion of operational risk management (ORM) with a pronounced focus on operational resilience and regulatory context, history, and expectations. The book offers a comprehensive explanation of how to create a holistic framework for ORM that breaks down the silos in non-financial risk management, improves efficiency, avoids duplication, and adds value to the business. \u003c\/p\u003e\u003cp\u003eThe authors examine ORM's place within enterprise risk management and describes the origins and evolution of ORM as a discipline. It considers the roles of the BCBS, UK FSA and the Institute of Operational Risk. You'll also find: \u003c\/p\u003e\u003cul\u003e \u003cli\u003eA variety of ORM tools and frameworks you can implement immediately to incorporate best practices on governance, risk assessment, and other areas\u003c\/li\u003e \u003cli\u003eStrategies for risk identification and controls management and balancing\u003c\/li\u003e \u003cli\u003eUp-to-date discussions of the latest and best practices in operational risk management\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003ePerfect for risk and compliance professionals at financial and non-financial firms, \u003ci\u003eIntegrated Operational Risk Management\u003c\/i\u003e is a must-read resource for everyone interested in a forward-looking and contemporary examination of best practices in ORM. \u003c\/p\u003e\u003cp\u003eAbout the Authors ix\u003c\/p\u003e \u003cp\u003ePreface xi\u003c\/p\u003e \u003cp\u003eChapter 1 Introduction 1\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart One Background and Regulatory Context 5\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 2 Enterprise Risk Management 7\u003c\/p\u003e \u003cp\u003eChapter 3 The Origins and Evolution of ORM 17\u003c\/p\u003e \u003cp\u003eChapter 4 Regulatory Approaches and Expectations 33\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Two Operational Risk Management Tools and Frameworks 41\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 5 Operational Risk Management – Building Blocks 43\u003c\/p\u003e \u003cp\u003eChapter 6 Risk Identification and Assessment – RCSA and Other Tools 61\u003c\/p\u003e \u003cp\u003eChapter 7 Controls 85\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Three Antifragility, Resilience and When Things Go Wrong 93\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 8 Operational Resilience – The Outcome of Effective ORM 95\u003c\/p\u003e \u003cp\u003eChapter 9 Risk Incidents 121\u003c\/p\u003e \u003cp\u003eChapter 10 Third-Party Risk Management – The Elephant in the Room 131\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Four Monitoring, Reporting and Taking Action 149\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 11 Monitoring Risks and Controls – The Holy Grail of ORM 151\u003c\/p\u003e \u003cp\u003eChapter 12 Mitigating and Managing Operational Risks 161\u003c\/p\u003e \u003cp\u003eChapter 13 Reporting Risks 169\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Five Hot Topics and the Future 181\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 14 The Art of Regulatory Relations 183\u003c\/p\u003e \u003cp\u003eChapter 15 The Rise and Fall of AMA and the Modelling Controversy 199\u003c\/p\u003e \u003cp\u003eChapter 16 Selecting and Using a GRC 207\u003c\/p\u003e \u003cp\u003eChapter 17 GenAI – Uses and Risks 215\u003c\/p\u003e \u003cp\u003eChapter 18 Esg 225\u003c\/p\u003e \u003cp\u003eChapter 19 The Future Challenges and Opportunities 239\u003c\/p\u003e \u003cp\u003eNotes 245\u003c\/p\u003e \u003cp\u003eIndex 255\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eD\u003csmall\u003eR\u003c\/small\u003e JIMI HINCHLIFFE\u003c\/b\u003e has over 25 years experience in operational risk and regulation, including almost a decade at the UK regulator as an operational risk policy SME, Basel 2 Technical Specialist, manager of the Basel 2 Implementation team, and a supervisor of Japanese and American GSIFIs. He then joined GSIFI MUFG as a Director and then Executive Director in the regional compliance division and Global Regulatory Affairs Office. Since 2016, he has been a consultant specialising in operational risk, resilience and regulatory affairs. Jimi is a former Chairman of the IOR in England and Wales and is a regular speaker at operational risk and regulation events. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eANDREW SHEEN\u003c\/b\u003e spent eight years at the UK regulator, firstly in the UK Financial Services Authority and subsequently at the Prudential Regulation Authority, a role which involved assessing Operational Risk frameworks in a wide variety of financial institutions. Andrew also represented the UK on the Basel Committee for Banking Supervision’s Operational Risk Working Group and the European Banking Authority’s Operational Risk Working Group. Andrew is a regular speaker and panellist at Operational Risk conferences globally and provides consulting and training to financial institutions.   \u003c\/p\u003e\u003cp\u003eIn \u003ci\u003eIntegrated Operational Risk Management: Tools, Techniques and Meeting Regulatory Expectations\u003c\/i\u003e, distinguished risk and compliance practitioners Jimi Hinchliffe and Andrew Sheen deliver an incisive and comprehensive discussion of operational risk management (ORM) with a special focus on the regulatory context and expectations, the historic background and the new kids on the block, operational resilience, ESG and third-party risk management. The authors explain how to create a holistic framework for ORM that breaks down the silos in non-financial risk management, avoids duplication, improves efficiency, and adds value to the enterprise. \u003c\/p\u003e\u003cp\u003eThis book examines ORM’s place within the broader enterprise risk management (ERM) space, explains the origins and evolution of ORM as a discipline, considers the roles of the BCBS, UK FCA and PRA, and the Institute of Operational Risk, and explores a variety of ORM tools and frameworks you can implement immediately to incorporate best practices on governance, risk identification and assessment, and controls management and assessment. \u003c\/p\u003e\u003cp\u003ePerfect for risk and compliance professionals at financial and non-financial firms, \u003ci\u003eIntegrated Operational Risk Management\u003c\/i\u003e is a must-read resource for anyone interested in a forward-looking and up-to-date discussion of the latest and best practices in operational risk management.   \u003c\/p\u003e\u003cp\u003e\u003cb\u003ePraise for INTEGRATED OPERATIONAL RISK MANAGEMENT\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e“A practical guide to building and enhancing operational risk frameworks while considering regulatory requirements, which have significantly evolved over the last few years. The authors draw on their lived experience to provide best practices suited to both new and more experienced practitioners; as well as those interested in the field.”\u003cbr\u003e \u003cb\u003e—ARMEL MASSIMINA,\u003c\/b\u003e Operational Risk Lead \u003c\/p\u003e\u003cp\u003e“An insightful read for Chief Risk Officers and all risk professionals working in regulated environments. Andrew and Jimi, as former regulators themselves and risk experts, clearly explain how working positively with regulators can improve your risk framework. Such an accessible and enjoyable book, for all risk teams to read and discuss together.”\u003cbr\u003e \u003cb\u003e—CATHY HAMPSON,\u003c\/b\u003e Author of \u003ci\u003eAn Introduction to Behavioural Risk\u003c\/i\u003e and \u003ci\u003eFundamentals of Operational Risk for Insurers\u003c\/i\u003e \u003c\/p\u003e\u003cp\u003e“An indispensable guide to Operational risk management, masterfully bringing the framework to life while providing much needed and often misunderstood regulatory context. I recommend this book wholeheartedly.” \u003cbr\u003e \u003cb\u003e—ELENA PYKHOVA,\u003c\/b\u003e Director and Founder, The OpRisk Company \u003c\/p\u003e\u003cp\u003e“I highly recommend this book to anyone with an interest in operational risk, which is ever more important as challenges such as AI and cyber risk grow. It sets out the unique perspectives of two ex-regulators with many years’ experience as practitioners and consultants on how to achieve operational resilience and meet regulatory expectations by implementing a robust and adaptable operational risk framework.”\u003cbr\u003e \u003cb\u003e—SEAN TITLEY,\u003c\/b\u003e Independent Risk Consultant at Practical OpRisk Solutions Ltd \u003c\/p\u003e\u003cp\u003e“Adopting the unique perspective of regulatory experts active in the field since day one, this book provides a much-needed umbrella approach to risk management in an era of increasing fragmentation in the management of non-financial risks. Pragmatic and actionable, it is an essential read for every risk professional.”\u003cbr\u003e \u003cb\u003e—ARIANE CHAPELLE,\u003c\/b\u003e Author of \u003ci\u003eOperational Risk Management\u003c\/i\u003e\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989436580069,"sku":"NP9781394303816","price":57.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781394303816.jpg?v=1761784097","url":"https:\/\/k12savings.com\/products\/integrated-operational-risk-management-isbn-9781394303816","provider":"K12savings","version":"1.0","type":"link"}