This new executive report leads you step-by-step through a busy day in the life of an operational risk manager. Presenting you with a set of typical scenarios and demonstrating how you should tackle these pressing demands and strategic decisions. It covers all the daily tasks, challenges and issues commonly faced by op risk professionals, such as measurement and reporting, policy, infrastructure, developing relationships with other groups within the bank, recruitment, training, control and mitigation of operational risk.
With over 10 years experience, Scandizzo, one of the most knowledgeable operational risk professionals in the business, highlights the requisite set of skills and competences that a successful operational risk manager must possess and discusses the key requirements of the role, such as how to:
- write an operational risk policy
- develop strong working relationships with senior management, front and back office staff, IT, compliance and audit professionals
- advise management on the identification and mitigation of operational risks
- embed a culture of risk management throughout the business
- develop, maintain and review a risk management framework
Written from the perspective of an operational risk manager, the focus of this report is always on describing practical ways to get the job done, backed up with real-life examples of everything that is discussed. It provides you with a solid understanding of the tools and techniques of identifying, managing, reporting and monitoring operational risk.
It looks at current developments affecting the role of the op risk manager such as Basel II, capital measurement and allocation, and concludes with an assessment of how the op risk manager s role is likely to evolve within the next 15 years.
This concise, practical report talks to practitioners in their own language with plenty of identifiable examples of day-to-day scenarios. This is essential reading not
