Operational risk management girling philippa x. Operational Risk Management (eBook) by Philippa X. Girling (Author) 2019-02-21

Operational risk management girling philippa x Rating: 5,3/10 273 reviews

Operational Risk Management: A Complete Guide to a Successful Operational Risk Framework

operational risk management girling philippa x

You will note the categories go deep to three Levels; or, two levels plus activities, if you like. Operational risk impacts organizations of all sizes and industries, including the financial services industry. Operational Risk Management fills this need by providing both the new and experienced operational risk professional with all of the tools and best practices needed to implement a successful operational risk framework. For example, the brief review of the 2012 London Olympics showed how we are surrounded, and potentially caught off guard, if we don't pay attention to the right risks. A best practices guide to all of the elements of an effective operational risk framework While many organizations know how important operational risks are, they still continue to struggle with the best ways to identify and manage them. Although it's may not be the most exciting readying at times, it does have its enlightening moments.

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Philippa X. Girling: Operational Risk Management (PDF)

operational risk management girling philippa x

Internal events are those that have happened in or to the firm. And a companion website contains links to all of the reference materials in this book, an informative operational risk toolbox, and teaching slides. Operational Risk Management fills this need by providing both the new and experienced operational risk professional with all of the tools and best practices needed to implement a successful operational risk framework. She holds an English law degree from the University of East Anglia, England, and is a member of the New York State Bar Association. Operational Risk Management: A Complete Guide to a Successful Operational Risk Framework Wiley Finance Kindle Locations 2394-2399. The proposed framework provides practical steps to ensure effective identification, assessment, monitoring, and mitigation of operational risks. The consistent language with what typical large banks and what the regulators want is extremely helpful.

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Copyright

operational risk management girling philippa x

This book will put you in a better position to develop one and use it to identify, assess, control, and mitigate any potential risks of this nature. This book will put you in a better position to develop one use it to identify, assess, control, and mitigate any potential risks of this nature. At this highest level, they do seem to effectively capture all types of operational risk events. Over her career, Girling has held several operational risk leadership roles, including heading the global corporate operational risk functions at Morgan Stanley and Nomura. The methods and tools needed to face this challenge head-on are available, and this book will put you in a better position to understand and implement them.

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Operational Risk Management by Philippa X. Girling · OverDrive (Rakuten OverDrive): eBooks, audiobooks and videos for libraries

operational risk management girling philippa x

Operational Risk Management fills this need by providing both the new and experienced operational risk professional with all of the tools and best practices needed to implement a successful operational risk framework. Organizations of all sizes and in all industries need best practices for identifying and managing key operational risks, if they intend on A best practices guide to all of the elements of an effective operational risk framework While many organizations know how important operational risks are, they still continue to struggle with the best ways to identify and manage them. Over her career, Girling has held several operational risk leadership roles, including heading the global corporate operational risk functions at Morgan Stanley and Nomura. This book will put you in a better position to develop one and use it to identify, assess, control, and mitigate any potential risks of this nature. The visual examples and tables also provided strong supporting information. Operational risk impacts organizations of all sizes and industries, including the financial services industry.

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Operational Risk Management: A Complete Guide to a Successful Operational Risk Framework by Philippa X. Girling

operational risk management girling philippa x

No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the Publisher, or authorization through payment of the appropriate per-copy fee to the Copyright Clearance Center, Inc. Most recently, she has focused on operational risk training, teaching in the operational risk executive education program at Columbia University, and leading operational risk education sessions for the London Business School, Rutgers University, and Carnegie Mellon. Cover design: Wiley Copyright © 2013 by Philippa Girling. Loss data standards are introduced, along with examples of regulatory expectations and best practices for the many elements of an operational risk event data collection process. While the seven Level 1 categories are mandatory for capital calculation and loss data capture by a Basel firm, the second and third levels are often adapted to better suit those firms. Operational Risk Management fills this need by providing both the new and experienced operational risk professional with all of the tools and best practices needed to implement a successful operational risk framework. The visual examples and tables also provided strong supporting information.

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Chapter 7: Internal Loss Data

operational risk management girling philippa x

As an operational risk manager in my current role, I only wish I had read this guide as I was immersing myself into my new position. Contains informative post-mortems on some of the most notorious operational risk events of our time Explores the future of operational risk in the current regulatory environment Written by a recognized global expert on operational risk An effective operational risk framework is essential for today's organizations. It also provides real-life examples of successful methods and tools you can use while facing the cultural challenges that are prevalent in this field. If you're a risk manager or even have to think of this topic, it's a must reference guide to put you in a position to make critical decisions and take effective actions. The seven Basel operational risk categories and the Basel business line categories are described and their use in the framework is discussed. Most recently, she has focused on operational risk training, teaching in the operational risk executive education program at Columbia University, and leading operational risk education sessions for the London Business School, Rutgers University, and Carnegie Mellon.

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Operational Risk Management door Girling, Philippa X.

operational risk management girling philippa x

This book will put you in a better position to develop one and use it to identify, assess, control, and mitigate any potential risks of this nature. Previous definitions of operational risk took the view that if the risk was not captured in market or credit risk programs, then it must be operational. The strong case studies brought some of the dryer material to life. She currently serves as Business Chief Risk Officer for Capital One Commercial Bank. Organizations of all sizes and in all industries need best practices for identifying and managing key operational risks, if they intend on exceling in today's dynamic environment.

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Philippa X. Girling: Operational Risk Management (PDF)

operational risk management girling philippa x

Organizations of all sizes and in all industries need best practices for identifying and managing key operational risks, if they intend on exceling in today's dynamic environment. She uses easy-to-understand examples, highlights the pros and cons of different tactical approaches, and offers a clear road map for success. Organizations of all sizes and in all industries need best practices for identifying and managing key operational risks, if they intend on exceling in today's dynamic environment. Organizations of all sizes and in all industries need best practices for identifying and managing key operational risks, if they intend on exceling in today's dynamic environment. This book will put you in a better position to develop one and use it to identify, assess, control, and mitigate any potential risks of this nature. It also provides real-life examples of successful methods and tools you can use while facing the cultural challenges that are prevalent in this field. Her deep industry experiences have made this book a must read for understanding Operational Risk Management and related practices.

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Operational risk categories vs seven operational risk event types

operational risk management girling philippa x

Previous definitions of operational risk took the view that if the risk was not captured in market or credit risk programs, then it must be operational. I have tested them extensively within the financial services industry, but also in firms in other industries. Preface ix Acknowledgments xi Chapter 1 Definition and Drivers of Operational Risk 1 Chapter 2 The Regulatory Push 15 Chapter 3 The Operational Risk Framework 33 Chapter 4 Operational Risk Governance 41 Chapter 5 Culture and Awareness 63 Chapter 6 Policies and Procedures 77 Chapter 7 Internal Loss Data 89 Chapter 8 External Loss Data 121 Chapter 9 Business Environment Internal Control Factors: Key Risk Indicators 141 Chapter 10 Risk and Control Self-Assessments 155 Chapter 11 Scenario Analysis 173 Chapter 12 Capital Modeling 189 Chapter 13 Reporting 219 Chapter 14 Risk Appetite 237 Chapter 15 Reputational Risk and Operational Risk 255 Chapter 16 Operational Risk and Convergence 269 Chapter 17 Best Practices in Related Risk Management Activities 281 Chapter 18 Case Studies 291 Appendix: Answers to Review Questions 309 About the Author 317 About the Website 319 Index 321. Operational Risk Management fills this need by providing both the new and experienced operational risk professional with all of the tools and best practices needed to implement a successful operational risk framework. She currently serves as Business Chief Risk Officer for Capital One Commercial Bank. This guide should be part of a core training curriculum for all operational risk managers.

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