Operational Risk Management: A Complete Guide for Banking and Fintech
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Newark
John Wiley & Sons, Incorporated
2022
|
| Ausgabe: | 2nd ed |
| Schriftenreihe: | Wiley Finance Ser
|
| Online-Zugang: | FHD01 HWR01 |
| Beschreibung: | Description based on publisher supplied metadata and other sources |
| Beschreibung: | 1 Online-Ressource (381 Seiten) |
| ISBN: | 9781119836056 |
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| 245 | 1 | 0 | |a Operational Risk Management |b A Complete Guide for Banking and Fintech |
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| 264 | 1 | |a Newark |b John Wiley & Sons, Incorporated |c 2022 | |
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| 300 | |a 1 Online-Ressource (381 Seiten) | ||
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| 505 | 8 | |a Cover -- Title Page -- Copyright Page -- Contents -- Preface -- Acknowledgments -- Chapter 1 Definition and Drivers of Operational Risk -- The Definition of Operational Risk -- 2012 London Olympics: A Case Study -- Test One: Do the Seven Basel Operational Risk Categories Work in the Real World? -- Test Two: The Risk Management Tools -- Operational Risk Management and Operational Risk Measurement -- Operational Risk Management -- Operational Risk Measurement -- The Relationship between Operational Risk Management and Other Risk Types -- Drivers of Operational Risk Management -- Key Points -- Review Questions -- Notes -- Chapter 2 The Regulatory Push -- History of the Basel Accords -- Rules of the Accords -- Basel I -- Basel II -- Adoption of Basel II in Europe -- Adoption of Basel II in the United States -- Securities and Exchange Commission Amendments to the Net Capital Rule -- U.S. Regulators' Adoption of New Regulations to Apply Basel II -- Impact of the Financial Crisis -- The Limitations of Basel II -- European Response to the Crisis -- U.S. Response to the Crisis -- Basel III -- Key Points -- Review Questions -- Notes -- Chapter 3 The Operational Risk Framework -- Overview of the Operational Risk Framework -- The Foundations of the Framework -- Governance -- Culture and Awareness -- Policies and Procedures -- The Four Data Building Blocks -- Loss Data Collection -- Risk and Control Self-Assessment -- Scenario Analysis -- Key Risk Indicators -- Measurement and Modeling -- Reporting -- Risk Appetite -- Key Points -- Review Questions -- Note -- Chapter 4 Operational Risk Governance -- Role of Governance -- First Line of Defense -- Second Line of Defense -- Who Should Own the Operational Risk Function? -- What Should the Operational Risk Function Own? -- Third Line of Defense -- Audit -- Validation -- Risk Committees -- Key Points | |
| 505 | 8 | |a Review Questions -- Notes -- Chapter 5 Culture and Awareness -- Winning over the Firm -- Marketing and Communication -- Agile -- Training -- Planning -- The "Use Test" -- Key Points -- Review Question -- Note -- Chapter 6 Policies and Procedures -- The Role of Policies, Procedures, Guidelines, and Standards -- Best Practices -- Operational Risk Policy -- Sample Operational Risk Policy -- Sample Standards, Procedures, and Guidelines -- Extract from a Loss Data Standards Document -- Extract from a Loss Data Procedures Document -- Extract from a Loss Data Guidelines Document -- Linkage between Documents -- Key Points -- Review Question -- Note -- Chapter 7 Internal Operational Risk Event Loss Data -- Operational Risk Event Data -- Internal Loss Data or Internal Operational Risk Events -- Why Collect Operational Risk Event Data? -- Who Should Collect the Operational Risk Event Data? -- What Should Be Collected in the Operational Risk Event Data Program? -- Risk Event Categories -- Internal Fraud -- External Fraud -- Employment Practices and Workplace Safety -- Clients, Products, and Business Practices -- Damage to Physical Assets -- Business Disruption and System Failures -- Execution, Delivery, and Process Management -- Using the Basel Risk Categories -- Minimum Operational Risk Event Data Standards -- Comprehensive -- Threshold -- Amount -- Date -- Description and Causes -- Criteria for Allocation to Business Line -- Criteria for Allocation to Central and Supporting Functions -- All Impacted Departments -- Boundary Events Identified -- Action Items -- Nonfinancial Impacts -- Where Should Operational Risk Event Data Be Collected? -- When Should Operational Risk Event Data Be Collected? -- How Should Operational Risk Event Data Be Collected? -- Key Points -- Review Questions -- Notes -- Chapter 8 External Loss Data -- External Operational Risk Event Data | |
| 505 | 8 | |a Sources of External Loss Event Data -- Subscription Databases -- Consortium Data -- Challenges of External Data -- Société Générale and the External Event That Shook the Operational Risk World -- Key Points -- Review Question -- Notes -- Chapter 9 Key Risk Indicators -- Key Risk Indicators -- Key Performance Indicators -- Key Control Indicators -- Metric Types -- Selecting Kris -- Thresholds -- Kri Standards -- Kri Challenges -- Metrics Examples -- People Metrics -- Compliance Metrics -- Technology and Infrastructure Metrics -- Business Continuity Metrics -- Client Metrics -- Trade Execution and Process Management Metrics -- Financial Statement Metrics -- Key Points -- Review Question -- Note -- Chapter 10 Risk and Control Self-Assessments -- The Role of Assessments -- Control Assessments -- Risk and Control Assessments -- RCSAs -- RCSA Methods -- Questionnaire Approach -- Workshop Approach -- Hybrid RCSA Methods -- RCSA Scoring Methods -- Scoring Control Effectiveness -- Risk Impact Scores -- Probability or Frequency -- Risk Severity -- RCSA Best Practices -- Interview Participants Beforehand -- Review Available Background Data from Other Functions -- Review Past RCSAs and Related RCSAs -- Review Internal Loss Data -- Review of External Events -- Carefully Select and Train Participants -- Document Results -- Score Appropriately -- Identify Mitigating Actions -- Implement Appropriate Technology -- Ensure Completeness Using Taxonomies -- Themes Identified -- Leverage Existing Assessments -- Schedule Appropriately -- Backtest or Validate Results -- Key Points -- Review Question -- Note -- Chapter 11 Scenario Analysis -- Role of Scenario Analysis -- Scenario Analysis Approaches -- (a) A Clearly Defined and Repeatable Process -- (b) Background Preparation -- (c) Qualified and Experienced Facilitators with Consistency in the Facilitation Process | |
| 505 | 8 | |a (d) The Appropriate Representatives -- (e) A Structured Process for the Selection of Data -- (f) High-Quality Documentation Which Provides Clear Reasoning and Evidence Supporting the Scenario Output -- (g) Independent Challenge and Oversight -- (h) A Process That Is Responsive to Changes -- (i) Mechanisms for Mitigating Biases -- Scenario Analysis Output -- Key Points -- Review Questions -- Notes -- Chapter 12 Capital Modeling -- Operational Risk Capital -- Basic Indicator Approach -- Standardized Approach -- Alternative Standardized Approach -- Future of the Basic and Standardized Approaches -- Advanced Measurement Approach -- Quantitative Requirements of an AMA Model -- Loss Distribution Approach to Modeling Operational Risk Capital -- Scenario Analysis Approach to Modeling Operational Risk Capital -- Hybrid Approach to Modeling Operational Risk Capital -- Insurance -- Future of Capital Requirements: Basel III -- Basel III Standardized Approach -- Disclosure -- Key Points -- Review Questions -- Notes -- Chapter 13 Reporting -- Role of Reporting -- Operational Risk Event Reporting -- Impact of Gains on Internal Event Reporting -- Trends in Internal Losses -- Internal Losses by Risk Category -- Timeliness -- External Loss Data Reporting -- Risk and Control Self-Assessment Reporting -- Key Risk Indicator Reporting -- Scenario Analysis Reporting -- Capital Reporting -- Action Tracking Reporting -- A Consolidated View -- Dashboards -- Key Points -- Review Question -- Chapter 14 Risk Appetite -- The Role of Risk Appetite -- Regulatory Expectations -- Implementing a Risk Appetite Framework -- The Risk Appetite Framework as a Strategic Decision-Making Tool -- Appetite Governance: The Board, "C-Suite," and Business Lines -- Promoting a Firmwide Risk Appetite Framework -- Monitoring the Firm's Risk Profile within the Risk Appetite Framework | |
| 505 | 8 | |a Monitoring Operational Risk Appetite -- Risk Capacity -- Operational Risk Appetite -- Operational Risk Tolerance -- Operational Risk Limits/Indicators -- Risk Appetite Today -- Key Points -- Review Question -- Notes -- Chapter 15 Reputational Risk and Operational Risk -- What Is Reputational Risk? -- Reputational Impact -- Global COVID-19 Pandemic -- Banking and Fintech Scandals -- Stock Price Impacts -- Regulatory Oversight of Reputational Risks -- Reputational Risk Management Framework -- Drivers -- Governance -- Event Data Collection -- RCSA -- Key Risk Indicators -- Scenario Analysis -- Reporting -- Key Points -- Review Question -- Notes -- Chapter 16 Operational Risk and Convergence -- Operational Risk as a Catalyst for Convergence -- Governance, Risk, and Compliance (GRC) -- Assessment Convergence -- Convergence of Metrics -- Converged or GRC Reporting -- GRC Tools -- Key Points -- Review Question -- Notes -- Chapter 17 Best Practices in Related Risk Management Activities -- New-Product Approval -- Supplier and Third-Party Risk Management -- Legal Risk Management -- Legal Considerations in the Operational Risk Framework -- Capturing Legal Risks Using the Operational Risk Framework -- Regulatory Risk Management -- People Risk Management -- Fraud Risk Management -- Technology Risk Management -- Climate Risk -- Pandemic Planning -- Strategic Risk -- Key Points -- Review Question -- Notes -- Chapter 18 Case Studies -- JPMorgan Whale: Risky or Frisky? -- Review Questions -- Notes -- Appendix: Answers to Review Questions -- Chapter 1 -- Chapter 2 -- Chapter 3 -- Chapter 4 -- Chapter 5 -- Chapter 6 -- Chapter 7 -- Chapter 8 -- Chapter 9 -- Chapter 10 -- Chapter 11 -- Chapter 12 -- Chapter 13 -- Chapter 14 -- Chapter 15 -- Chapter 16 -- Chapter 17 -- Chapter 18 -- Notes -- About the Author -- About the Website -- Index -- EULA. | |
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| author | Girling, Philippa X. |
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| contents | Cover -- Title Page -- Copyright Page -- Contents -- Preface -- Acknowledgments -- Chapter 1 Definition and Drivers of Operational Risk -- The Definition of Operational Risk -- 2012 London Olympics: A Case Study -- Test One: Do the Seven Basel Operational Risk Categories Work in the Real World? -- Test Two: The Risk Management Tools -- Operational Risk Management and Operational Risk Measurement -- Operational Risk Management -- Operational Risk Measurement -- The Relationship between Operational Risk Management and Other Risk Types -- Drivers of Operational Risk Management -- Key Points -- Review Questions -- Notes -- Chapter 2 The Regulatory Push -- History of the Basel Accords -- Rules of the Accords -- Basel I -- Basel II -- Adoption of Basel II in Europe -- Adoption of Basel II in the United States -- Securities and Exchange Commission Amendments to the Net Capital Rule -- U.S. Regulators' Adoption of New Regulations to Apply Basel II -- Impact of the Financial Crisis -- The Limitations of Basel II -- European Response to the Crisis -- U.S. Response to the Crisis -- Basel III -- Key Points -- Review Questions -- Notes -- Chapter 3 The Operational Risk Framework -- Overview of the Operational Risk Framework -- The Foundations of the Framework -- Governance -- Culture and Awareness -- Policies and Procedures -- The Four Data Building Blocks -- Loss Data Collection -- Risk and Control Self-Assessment -- Scenario Analysis -- Key Risk Indicators -- Measurement and Modeling -- Reporting -- Risk Appetite -- Key Points -- Review Questions -- Note -- Chapter 4 Operational Risk Governance -- Role of Governance -- First Line of Defense -- Second Line of Defense -- Who Should Own the Operational Risk Function? -- What Should the Operational Risk Function Own? -- Third Line of Defense -- Audit -- Validation -- Risk Committees -- Key Points Review Questions -- Notes -- Chapter 5 Culture and Awareness -- Winning over the Firm -- Marketing and Communication -- Agile -- Training -- Planning -- The "Use Test" -- Key Points -- Review Question -- Note -- Chapter 6 Policies and Procedures -- The Role of Policies, Procedures, Guidelines, and Standards -- Best Practices -- Operational Risk Policy -- Sample Operational Risk Policy -- Sample Standards, Procedures, and Guidelines -- Extract from a Loss Data Standards Document -- Extract from a Loss Data Procedures Document -- Extract from a Loss Data Guidelines Document -- Linkage between Documents -- Key Points -- Review Question -- Note -- Chapter 7 Internal Operational Risk Event Loss Data -- Operational Risk Event Data -- Internal Loss Data or Internal Operational Risk Events -- Why Collect Operational Risk Event Data? -- Who Should Collect the Operational Risk Event Data? -- What Should Be Collected in the Operational Risk Event Data Program? -- Risk Event Categories -- Internal Fraud -- External Fraud -- Employment Practices and Workplace Safety -- Clients, Products, and Business Practices -- Damage to Physical Assets -- Business Disruption and System Failures -- Execution, Delivery, and Process Management -- Using the Basel Risk Categories -- Minimum Operational Risk Event Data Standards -- Comprehensive -- Threshold -- Amount -- Date -- Description and Causes -- Criteria for Allocation to Business Line -- Criteria for Allocation to Central and Supporting Functions -- All Impacted Departments -- Boundary Events Identified -- Action Items -- Nonfinancial Impacts -- Where Should Operational Risk Event Data Be Collected? -- When Should Operational Risk Event Data Be Collected? -- How Should Operational Risk Event Data Be Collected? -- Key Points -- Review Questions -- Notes -- Chapter 8 External Loss Data -- External Operational Risk Event Data Sources of External Loss Event Data -- Subscription Databases -- Consortium Data -- Challenges of External Data -- Société Générale and the External Event That Shook the Operational Risk World -- Key Points -- Review Question -- Notes -- Chapter 9 Key Risk Indicators -- Key Risk Indicators -- Key Performance Indicators -- Key Control Indicators -- Metric Types -- Selecting Kris -- Thresholds -- Kri Standards -- Kri Challenges -- Metrics Examples -- People Metrics -- Compliance Metrics -- Technology and Infrastructure Metrics -- Business Continuity Metrics -- Client Metrics -- Trade Execution and Process Management Metrics -- Financial Statement Metrics -- Key Points -- Review Question -- Note -- Chapter 10 Risk and Control Self-Assessments -- The Role of Assessments -- Control Assessments -- Risk and Control Assessments -- RCSAs -- RCSA Methods -- Questionnaire Approach -- Workshop Approach -- Hybrid RCSA Methods -- RCSA Scoring Methods -- Scoring Control Effectiveness -- Risk Impact Scores -- Probability or Frequency -- Risk Severity -- RCSA Best Practices -- Interview Participants Beforehand -- Review Available Background Data from Other Functions -- Review Past RCSAs and Related RCSAs -- Review Internal Loss Data -- Review of External Events -- Carefully Select and Train Participants -- Document Results -- Score Appropriately -- Identify Mitigating Actions -- Implement Appropriate Technology -- Ensure Completeness Using Taxonomies -- Themes Identified -- Leverage Existing Assessments -- Schedule Appropriately -- Backtest or Validate Results -- Key Points -- Review Question -- Note -- Chapter 11 Scenario Analysis -- Role of Scenario Analysis -- Scenario Analysis Approaches -- (a) A Clearly Defined and Repeatable Process -- (b) Background Preparation -- (c) Qualified and Experienced Facilitators with Consistency in the Facilitation Process (d) The Appropriate Representatives -- (e) A Structured Process for the Selection of Data -- (f) High-Quality Documentation Which Provides Clear Reasoning and Evidence Supporting the Scenario Output -- (g) Independent Challenge and Oversight -- (h) A Process That Is Responsive to Changes -- (i) Mechanisms for Mitigating Biases -- Scenario Analysis Output -- Key Points -- Review Questions -- Notes -- Chapter 12 Capital Modeling -- Operational Risk Capital -- Basic Indicator Approach -- Standardized Approach -- Alternative Standardized Approach -- Future of the Basic and Standardized Approaches -- Advanced Measurement Approach -- Quantitative Requirements of an AMA Model -- Loss Distribution Approach to Modeling Operational Risk Capital -- Scenario Analysis Approach to Modeling Operational Risk Capital -- Hybrid Approach to Modeling Operational Risk Capital -- Insurance -- Future of Capital Requirements: Basel III -- Basel III Standardized Approach -- Disclosure -- Key Points -- Review Questions -- Notes -- Chapter 13 Reporting -- Role of Reporting -- Operational Risk Event Reporting -- Impact of Gains on Internal Event Reporting -- Trends in Internal Losses -- Internal Losses by Risk Category -- Timeliness -- External Loss Data Reporting -- Risk and Control Self-Assessment Reporting -- Key Risk Indicator Reporting -- Scenario Analysis Reporting -- Capital Reporting -- Action Tracking Reporting -- A Consolidated View -- Dashboards -- Key Points -- Review Question -- Chapter 14 Risk Appetite -- The Role of Risk Appetite -- Regulatory Expectations -- Implementing a Risk Appetite Framework -- The Risk Appetite Framework as a Strategic Decision-Making Tool -- Appetite Governance: The Board, "C-Suite," and Business Lines -- Promoting a Firmwide Risk Appetite Framework -- Monitoring the Firm's Risk Profile within the Risk Appetite Framework Monitoring Operational Risk Appetite -- Risk Capacity -- Operational Risk Appetite -- Operational Risk Tolerance -- Operational Risk Limits/Indicators -- Risk Appetite Today -- Key Points -- Review Question -- Notes -- Chapter 15 Reputational Risk and Operational Risk -- What Is Reputational Risk? -- Reputational Impact -- Global COVID-19 Pandemic -- Banking and Fintech Scandals -- Stock Price Impacts -- Regulatory Oversight of Reputational Risks -- Reputational Risk Management Framework -- Drivers -- Governance -- Event Data Collection -- RCSA -- Key Risk Indicators -- Scenario Analysis -- Reporting -- Key Points -- Review Question -- Notes -- Chapter 16 Operational Risk and Convergence -- Operational Risk as a Catalyst for Convergence -- Governance, Risk, and Compliance (GRC) -- Assessment Convergence -- Convergence of Metrics -- Converged or GRC Reporting -- GRC Tools -- Key Points -- Review Question -- Notes -- Chapter 17 Best Practices in Related Risk Management Activities -- New-Product Approval -- Supplier and Third-Party Risk Management -- Legal Risk Management -- Legal Considerations in the Operational Risk Framework -- Capturing Legal Risks Using the Operational Risk Framework -- Regulatory Risk Management -- People Risk Management -- Fraud Risk Management -- Technology Risk Management -- Climate Risk -- Pandemic Planning -- Strategic Risk -- Key Points -- Review Question -- Notes -- Chapter 18 Case Studies -- JPMorgan Whale: Risky or Frisky? -- Review Questions -- Notes -- Appendix: Answers to Review Questions -- Chapter 1 -- Chapter 2 -- Chapter 3 -- Chapter 4 -- Chapter 5 -- Chapter 6 -- Chapter 7 -- Chapter 8 -- Chapter 9 -- Chapter 10 -- Chapter 11 -- Chapter 12 -- Chapter 13 -- Chapter 14 -- Chapter 15 -- Chapter 16 -- Chapter 17 -- Chapter 18 -- Notes -- About the Author -- About the Website -- Index -- EULA. |
| ctrlnum | (ZDB-30-PQE)EBC6896758 (ZDB-30-PAD)EBC6896758 (ZDB-89-EBL)EBL6896758 (OCoLC)1303083547 (DE-599)BVBBV048227395 |
| dewey-full | 658.155 |
| dewey-hundreds | 600 - Technology (Applied sciences) |
| dewey-ones | 658 - General management |
| dewey-raw | 658.155 |
| dewey-search | 658.155 |
| dewey-sort | 3658.155 |
| dewey-tens | 650 - Management and auxiliary services |
| discipline | Wirtschaftswissenschaften |
| discipline_str_mv | Wirtschaftswissenschaften |
| edition | 2nd ed |
| format | Electronic eBook |
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High-Quality Documentation Which Provides Clear Reasoning and Evidence Supporting the Scenario Output -- (g) Independent Challenge and Oversight -- (h) A Process That Is Responsive to Changes -- (i) Mechanisms for Mitigating Biases -- Scenario Analysis Output -- Key Points -- Review Questions -- Notes -- Chapter 12 Capital Modeling -- Operational Risk Capital -- Basic Indicator Approach -- Standardized Approach -- Alternative Standardized Approach -- Future of the Basic and Standardized Approaches -- Advanced Measurement Approach -- Quantitative Requirements of an AMA Model -- Loss Distribution Approach to Modeling Operational Risk Capital -- Scenario Analysis Approach to Modeling Operational Risk Capital -- Hybrid Approach to Modeling Operational Risk Capital -- Insurance -- Future of Capital Requirements: Basel III -- Basel III Standardized Approach -- Disclosure -- Key Points -- Review Questions -- Notes -- Chapter 13 Reporting -- Role of Reporting -- Operational Risk Event Reporting -- Impact of Gains on Internal Event Reporting -- Trends in Internal Losses -- Internal Losses by Risk Category -- Timeliness -- External Loss Data Reporting -- Risk and Control Self-Assessment Reporting -- Key Risk Indicator Reporting -- Scenario Analysis Reporting -- Capital Reporting -- Action Tracking Reporting -- A Consolidated View -- Dashboards -- Key Points -- Review Question -- Chapter 14 Risk Appetite -- The Role of Risk Appetite -- Regulatory Expectations -- Implementing a Risk Appetite Framework -- The Risk Appetite Framework as a Strategic Decision-Making Tool -- Appetite Governance: The Board, "C-Suite," and Business Lines -- Promoting a Firmwide Risk Appetite Framework -- Monitoring the Firm's Risk Profile within the Risk Appetite Framework</subfield></datafield><datafield tag="505" ind1="8" ind2=" "><subfield code="a">Monitoring Operational Risk Appetite -- Risk Capacity -- Operational Risk Appetite -- Operational Risk Tolerance -- Operational Risk Limits/Indicators -- Risk Appetite Today -- Key Points -- Review Question -- Notes -- Chapter 15 Reputational Risk and Operational Risk -- What Is Reputational Risk? -- Reputational Impact -- Global COVID-19 Pandemic -- Banking and Fintech Scandals -- Stock Price Impacts -- Regulatory Oversight of Reputational Risks -- Reputational Risk Management Framework -- Drivers -- Governance -- Event Data Collection -- RCSA -- Key Risk Indicators -- Scenario Analysis -- Reporting -- Key Points -- Review Question -- Notes -- Chapter 16 Operational Risk and Convergence -- Operational Risk as a Catalyst for Convergence -- Governance, Risk, and Compliance (GRC) -- Assessment Convergence -- Convergence of Metrics -- Converged or GRC Reporting -- GRC Tools -- Key Points -- Review Question -- Notes -- Chapter 17 Best Practices in Related Risk Management Activities -- New-Product Approval -- Supplier and Third-Party Risk Management -- Legal Risk Management -- Legal Considerations in the Operational Risk Framework -- Capturing Legal Risks Using the Operational Risk Framework -- Regulatory Risk Management -- People Risk Management -- Fraud Risk Management -- Technology Risk Management -- Climate Risk -- Pandemic Planning -- Strategic Risk -- Key Points -- Review Question -- Notes -- Chapter 18 Case Studies -- JPMorgan Whale: Risky or Frisky? -- Review Questions -- Notes -- Appendix: Answers to Review Questions -- Chapter 1 -- Chapter 2 -- Chapter 3 -- Chapter 4 -- Chapter 5 -- Chapter 6 -- Chapter 7 -- Chapter 8 -- Chapter 9 -- Chapter 10 -- Chapter 11 -- Chapter 12 -- Chapter 13 -- Chapter 14 -- Chapter 15 -- Chapter 16 -- Chapter 17 -- Chapter 18 -- Notes -- About the Author -- About the Website -- Index -- EULA.</subfield></datafield><datafield tag="776" ind1="0" ind2="8"><subfield code="i">Erscheint auch als</subfield><subfield code="n">Druck-Ausgabe</subfield><subfield code="a">Girling, Philippa X.</subfield><subfield code="t">Operational Risk Management</subfield><subfield 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| id | DE-604.BV048227395 |
| illustrated | Not Illustrated |
| index_date | 2024-07-03T19:50:46Z |
| indexdate | 2024-07-10T09:32:32Z |
| institution | BVB |
| isbn | 9781119836056 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-033608125 |
| oclc_num | 1303083547 |
| open_access_boolean | |
| owner | DE-2070s DE-1050 |
| owner_facet | DE-2070s DE-1050 |
| physical | 1 Online-Ressource (381 Seiten) |
| psigel | ZDB-30-PQE ZDB-30-PQE FHD01_PQE_Kauf ZDB-30-PQE HWR_PDA_PQE |
| publishDate | 2022 |
| publishDateSearch | 2022 |
| publishDateSort | 2022 |
| publisher | John Wiley & Sons, Incorporated |
| record_format | marc |
| series2 | Wiley Finance Ser |
| spelling | Girling, Philippa X. Verfasser aut Operational Risk Management A Complete Guide for Banking and Fintech 2nd ed Newark John Wiley & Sons, Incorporated 2022 ©2022 1 Online-Ressource (381 Seiten) txt rdacontent c rdamedia cr rdacarrier Wiley Finance Ser Description based on publisher supplied metadata and other sources Cover -- Title Page -- Copyright Page -- Contents -- Preface -- Acknowledgments -- Chapter 1 Definition and Drivers of Operational Risk -- The Definition of Operational Risk -- 2012 London Olympics: A Case Study -- Test One: Do the Seven Basel Operational Risk Categories Work in the Real World? -- Test Two: The Risk Management Tools -- Operational Risk Management and Operational Risk Measurement -- Operational Risk Management -- Operational Risk Measurement -- The Relationship between Operational Risk Management and Other Risk Types -- Drivers of Operational Risk Management -- Key Points -- Review Questions -- Notes -- Chapter 2 The Regulatory Push -- History of the Basel Accords -- Rules of the Accords -- Basel I -- Basel II -- Adoption of Basel II in Europe -- Adoption of Basel II in the United States -- Securities and Exchange Commission Amendments to the Net Capital Rule -- U.S. Regulators' Adoption of New Regulations to Apply Basel II -- Impact of the Financial Crisis -- The Limitations of Basel II -- European Response to the Crisis -- U.S. Response to the Crisis -- Basel III -- Key Points -- Review Questions -- Notes -- Chapter 3 The Operational Risk Framework -- Overview of the Operational Risk Framework -- The Foundations of the Framework -- Governance -- Culture and Awareness -- Policies and Procedures -- The Four Data Building Blocks -- Loss Data Collection -- Risk and Control Self-Assessment -- Scenario Analysis -- Key Risk Indicators -- Measurement and Modeling -- Reporting -- Risk Appetite -- Key Points -- Review Questions -- Note -- Chapter 4 Operational Risk Governance -- Role of Governance -- First Line of Defense -- Second Line of Defense -- Who Should Own the Operational Risk Function? -- What Should the Operational Risk Function Own? -- Third Line of Defense -- Audit -- Validation -- Risk Committees -- Key Points Review Questions -- Notes -- Chapter 5 Culture and Awareness -- Winning over the Firm -- Marketing and Communication -- Agile -- Training -- Planning -- The "Use Test" -- Key Points -- Review Question -- Note -- Chapter 6 Policies and Procedures -- The Role of Policies, Procedures, Guidelines, and Standards -- Best Practices -- Operational Risk Policy -- Sample Operational Risk Policy -- Sample Standards, Procedures, and Guidelines -- Extract from a Loss Data Standards Document -- Extract from a Loss Data Procedures Document -- Extract from a Loss Data Guidelines Document -- Linkage between Documents -- Key Points -- Review Question -- Note -- Chapter 7 Internal Operational Risk Event Loss Data -- Operational Risk Event Data -- Internal Loss Data or Internal Operational Risk Events -- Why Collect Operational Risk Event Data? -- Who Should Collect the Operational Risk Event Data? -- What Should Be Collected in the Operational Risk Event Data Program? -- Risk Event Categories -- Internal Fraud -- External Fraud -- Employment Practices and Workplace Safety -- Clients, Products, and Business Practices -- Damage to Physical Assets -- Business Disruption and System Failures -- Execution, Delivery, and Process Management -- Using the Basel Risk Categories -- Minimum Operational Risk Event Data Standards -- Comprehensive -- Threshold -- Amount -- Date -- Description and Causes -- Criteria for Allocation to Business Line -- Criteria for Allocation to Central and Supporting Functions -- All Impacted Departments -- Boundary Events Identified -- Action Items -- Nonfinancial Impacts -- Where Should Operational Risk Event Data Be Collected? -- When Should Operational Risk Event Data Be Collected? -- How Should Operational Risk Event Data Be Collected? -- Key Points -- Review Questions -- Notes -- Chapter 8 External Loss Data -- External Operational Risk Event Data Sources of External Loss Event Data -- Subscription Databases -- Consortium Data -- Challenges of External Data -- Société Générale and the External Event That Shook the Operational Risk World -- Key Points -- Review Question -- Notes -- Chapter 9 Key Risk Indicators -- Key Risk Indicators -- Key Performance Indicators -- Key Control Indicators -- Metric Types -- Selecting Kris -- Thresholds -- Kri Standards -- Kri Challenges -- Metrics Examples -- People Metrics -- Compliance Metrics -- Technology and Infrastructure Metrics -- Business Continuity Metrics -- Client Metrics -- Trade Execution and Process Management Metrics -- Financial Statement Metrics -- Key Points -- Review Question -- Note -- Chapter 10 Risk and Control Self-Assessments -- The Role of Assessments -- Control Assessments -- Risk and Control Assessments -- RCSAs -- RCSA Methods -- Questionnaire Approach -- Workshop Approach -- Hybrid RCSA Methods -- RCSA Scoring Methods -- Scoring Control Effectiveness -- Risk Impact Scores -- Probability or Frequency -- Risk Severity -- RCSA Best Practices -- Interview Participants Beforehand -- Review Available Background Data from Other Functions -- Review Past RCSAs and Related RCSAs -- Review Internal Loss Data -- Review of External Events -- Carefully Select and Train Participants -- Document Results -- Score Appropriately -- Identify Mitigating Actions -- Implement Appropriate Technology -- Ensure Completeness Using Taxonomies -- Themes Identified -- Leverage Existing Assessments -- Schedule Appropriately -- Backtest or Validate Results -- Key Points -- Review Question -- Note -- Chapter 11 Scenario Analysis -- Role of Scenario Analysis -- Scenario Analysis Approaches -- (a) A Clearly Defined and Repeatable Process -- (b) Background Preparation -- (c) Qualified and Experienced Facilitators with Consistency in the Facilitation Process (d) The Appropriate Representatives -- (e) A Structured Process for the Selection of Data -- (f) High-Quality Documentation Which Provides Clear Reasoning and Evidence Supporting the Scenario Output -- (g) Independent Challenge and Oversight -- (h) A Process That Is Responsive to Changes -- (i) Mechanisms for Mitigating Biases -- Scenario Analysis Output -- Key Points -- Review Questions -- Notes -- Chapter 12 Capital Modeling -- Operational Risk Capital -- Basic Indicator Approach -- Standardized Approach -- Alternative Standardized Approach -- Future of the Basic and Standardized Approaches -- Advanced Measurement Approach -- Quantitative Requirements of an AMA Model -- Loss Distribution Approach to Modeling Operational Risk Capital -- Scenario Analysis Approach to Modeling Operational Risk Capital -- Hybrid Approach to Modeling Operational Risk Capital -- Insurance -- Future of Capital Requirements: Basel III -- Basel III Standardized Approach -- Disclosure -- Key Points -- Review Questions -- Notes -- Chapter 13 Reporting -- Role of Reporting -- Operational Risk Event Reporting -- Impact of Gains on Internal Event Reporting -- Trends in Internal Losses -- Internal Losses by Risk Category -- Timeliness -- External Loss Data Reporting -- Risk and Control Self-Assessment Reporting -- Key Risk Indicator Reporting -- Scenario Analysis Reporting -- Capital Reporting -- Action Tracking Reporting -- A Consolidated View -- Dashboards -- Key Points -- Review Question -- Chapter 14 Risk Appetite -- The Role of Risk Appetite -- Regulatory Expectations -- Implementing a Risk Appetite Framework -- The Risk Appetite Framework as a Strategic Decision-Making Tool -- Appetite Governance: The Board, "C-Suite," and Business Lines -- Promoting a Firmwide Risk Appetite Framework -- Monitoring the Firm's Risk Profile within the Risk Appetite Framework Monitoring Operational Risk Appetite -- Risk Capacity -- Operational Risk Appetite -- Operational Risk Tolerance -- Operational Risk Limits/Indicators -- Risk Appetite Today -- Key Points -- Review Question -- Notes -- Chapter 15 Reputational Risk and Operational Risk -- What Is Reputational Risk? -- Reputational Impact -- Global COVID-19 Pandemic -- Banking and Fintech Scandals -- Stock Price Impacts -- Regulatory Oversight of Reputational Risks -- Reputational Risk Management Framework -- Drivers -- Governance -- Event Data Collection -- RCSA -- Key Risk Indicators -- Scenario Analysis -- Reporting -- Key Points -- Review Question -- Notes -- Chapter 16 Operational Risk and Convergence -- Operational Risk as a Catalyst for Convergence -- Governance, Risk, and Compliance (GRC) -- Assessment Convergence -- Convergence of Metrics -- Converged or GRC Reporting -- GRC Tools -- Key Points -- Review Question -- Notes -- Chapter 17 Best Practices in Related Risk Management Activities -- New-Product Approval -- Supplier and Third-Party Risk Management -- Legal Risk Management -- Legal Considerations in the Operational Risk Framework -- Capturing Legal Risks Using the Operational Risk Framework -- Regulatory Risk Management -- People Risk Management -- Fraud Risk Management -- Technology Risk Management -- Climate Risk -- Pandemic Planning -- Strategic Risk -- Key Points -- Review Question -- Notes -- Chapter 18 Case Studies -- JPMorgan Whale: Risky or Frisky? -- Review Questions -- Notes -- Appendix: Answers to Review Questions -- Chapter 1 -- Chapter 2 -- Chapter 3 -- Chapter 4 -- Chapter 5 -- Chapter 6 -- Chapter 7 -- Chapter 8 -- Chapter 9 -- Chapter 10 -- Chapter 11 -- Chapter 12 -- Chapter 13 -- Chapter 14 -- Chapter 15 -- Chapter 16 -- Chapter 17 -- Chapter 18 -- Notes -- About the Author -- About the Website -- Index -- EULA. Erscheint auch als Druck-Ausgabe Girling, Philippa X. Operational Risk Management Newark : John Wiley & Sons, Incorporated,c2022 9781119836049 |
| spellingShingle | Girling, Philippa X. Operational Risk Management A Complete Guide for Banking and Fintech Cover -- Title Page -- Copyright Page -- Contents -- Preface -- Acknowledgments -- Chapter 1 Definition and Drivers of Operational Risk -- The Definition of Operational Risk -- 2012 London Olympics: A Case Study -- Test One: Do the Seven Basel Operational Risk Categories Work in the Real World? -- Test Two: The Risk Management Tools -- Operational Risk Management and Operational Risk Measurement -- Operational Risk Management -- Operational Risk Measurement -- The Relationship between Operational Risk Management and Other Risk Types -- Drivers of Operational Risk Management -- Key Points -- Review Questions -- Notes -- Chapter 2 The Regulatory Push -- History of the Basel Accords -- Rules of the Accords -- Basel I -- Basel II -- Adoption of Basel II in Europe -- Adoption of Basel II in the United States -- Securities and Exchange Commission Amendments to the Net Capital Rule -- U.S. Regulators' Adoption of New Regulations to Apply Basel II -- Impact of the Financial Crisis -- The Limitations of Basel II -- European Response to the Crisis -- U.S. Response to the Crisis -- Basel III -- Key Points -- Review Questions -- Notes -- Chapter 3 The Operational Risk Framework -- Overview of the Operational Risk Framework -- The Foundations of the Framework -- Governance -- Culture and Awareness -- Policies and Procedures -- The Four Data Building Blocks -- Loss Data Collection -- Risk and Control Self-Assessment -- Scenario Analysis -- Key Risk Indicators -- Measurement and Modeling -- Reporting -- Risk Appetite -- Key Points -- Review Questions -- Note -- Chapter 4 Operational Risk Governance -- Role of Governance -- First Line of Defense -- Second Line of Defense -- Who Should Own the Operational Risk Function? -- What Should the Operational Risk Function Own? -- Third Line of Defense -- Audit -- Validation -- Risk Committees -- Key Points Review Questions -- Notes -- Chapter 5 Culture and Awareness -- Winning over the Firm -- Marketing and Communication -- Agile -- Training -- Planning -- The "Use Test" -- Key Points -- Review Question -- Note -- Chapter 6 Policies and Procedures -- The Role of Policies, Procedures, Guidelines, and Standards -- Best Practices -- Operational Risk Policy -- Sample Operational Risk Policy -- Sample Standards, Procedures, and Guidelines -- Extract from a Loss Data Standards Document -- Extract from a Loss Data Procedures Document -- Extract from a Loss Data Guidelines Document -- Linkage between Documents -- Key Points -- Review Question -- Note -- Chapter 7 Internal Operational Risk Event Loss Data -- Operational Risk Event Data -- Internal Loss Data or Internal Operational Risk Events -- Why Collect Operational Risk Event Data? -- Who Should Collect the Operational Risk Event Data? -- What Should Be Collected in the Operational Risk Event Data Program? -- Risk Event Categories -- Internal Fraud -- External Fraud -- Employment Practices and Workplace Safety -- Clients, Products, and Business Practices -- Damage to Physical Assets -- Business Disruption and System Failures -- Execution, Delivery, and Process Management -- Using the Basel Risk Categories -- Minimum Operational Risk Event Data Standards -- Comprehensive -- Threshold -- Amount -- Date -- Description and Causes -- Criteria for Allocation to Business Line -- Criteria for Allocation to Central and Supporting Functions -- All Impacted Departments -- Boundary Events Identified -- Action Items -- Nonfinancial Impacts -- Where Should Operational Risk Event Data Be Collected? -- When Should Operational Risk Event Data Be Collected? -- How Should Operational Risk Event Data Be Collected? -- Key Points -- Review Questions -- Notes -- Chapter 8 External Loss Data -- External Operational Risk Event Data Sources of External Loss Event Data -- Subscription Databases -- Consortium Data -- Challenges of External Data -- Société Générale and the External Event That Shook the Operational Risk World -- Key Points -- Review Question -- Notes -- Chapter 9 Key Risk Indicators -- Key Risk Indicators -- Key Performance Indicators -- Key Control Indicators -- Metric Types -- Selecting Kris -- Thresholds -- Kri Standards -- Kri Challenges -- Metrics Examples -- People Metrics -- Compliance Metrics -- Technology and Infrastructure Metrics -- Business Continuity Metrics -- Client Metrics -- Trade Execution and Process Management Metrics -- Financial Statement Metrics -- Key Points -- Review Question -- Note -- Chapter 10 Risk and Control Self-Assessments -- The Role of Assessments -- Control Assessments -- Risk and Control Assessments -- RCSAs -- RCSA Methods -- Questionnaire Approach -- Workshop Approach -- Hybrid RCSA Methods -- RCSA Scoring Methods -- Scoring Control Effectiveness -- Risk Impact Scores -- Probability or Frequency -- Risk Severity -- RCSA Best Practices -- Interview Participants Beforehand -- Review Available Background Data from Other Functions -- Review Past RCSAs and Related RCSAs -- Review Internal Loss Data -- Review of External Events -- Carefully Select and Train Participants -- Document Results -- Score Appropriately -- Identify Mitigating Actions -- Implement Appropriate Technology -- Ensure Completeness Using Taxonomies -- Themes Identified -- Leverage Existing Assessments -- Schedule Appropriately -- Backtest or Validate Results -- Key Points -- Review Question -- Note -- Chapter 11 Scenario Analysis -- Role of Scenario Analysis -- Scenario Analysis Approaches -- (a) A Clearly Defined and Repeatable Process -- (b) Background Preparation -- (c) Qualified and Experienced Facilitators with Consistency in the Facilitation Process (d) The Appropriate Representatives -- (e) A Structured Process for the Selection of Data -- (f) High-Quality Documentation Which Provides Clear Reasoning and Evidence Supporting the Scenario Output -- (g) Independent Challenge and Oversight -- (h) A Process That Is Responsive to Changes -- (i) Mechanisms for Mitigating Biases -- Scenario Analysis Output -- Key Points -- Review Questions -- Notes -- Chapter 12 Capital Modeling -- Operational Risk Capital -- Basic Indicator Approach -- Standardized Approach -- Alternative Standardized Approach -- Future of the Basic and Standardized Approaches -- Advanced Measurement Approach -- Quantitative Requirements of an AMA Model -- Loss Distribution Approach to Modeling Operational Risk Capital -- Scenario Analysis Approach to Modeling Operational Risk Capital -- Hybrid Approach to Modeling Operational Risk Capital -- Insurance -- Future of Capital Requirements: Basel III -- Basel III Standardized Approach -- Disclosure -- Key Points -- Review Questions -- Notes -- Chapter 13 Reporting -- Role of Reporting -- Operational Risk Event Reporting -- Impact of Gains on Internal Event Reporting -- Trends in Internal Losses -- Internal Losses by Risk Category -- Timeliness -- External Loss Data Reporting -- Risk and Control Self-Assessment Reporting -- Key Risk Indicator Reporting -- Scenario Analysis Reporting -- Capital Reporting -- Action Tracking Reporting -- A Consolidated View -- Dashboards -- Key Points -- Review Question -- Chapter 14 Risk Appetite -- The Role of Risk Appetite -- Regulatory Expectations -- Implementing a Risk Appetite Framework -- The Risk Appetite Framework as a Strategic Decision-Making Tool -- Appetite Governance: The Board, "C-Suite," and Business Lines -- Promoting a Firmwide Risk Appetite Framework -- Monitoring the Firm's Risk Profile within the Risk Appetite Framework Monitoring Operational Risk Appetite -- Risk Capacity -- Operational Risk Appetite -- Operational Risk Tolerance -- Operational Risk Limits/Indicators -- Risk Appetite Today -- Key Points -- Review Question -- Notes -- Chapter 15 Reputational Risk and Operational Risk -- What Is Reputational Risk? -- Reputational Impact -- Global COVID-19 Pandemic -- Banking and Fintech Scandals -- Stock Price Impacts -- Regulatory Oversight of Reputational Risks -- Reputational Risk Management Framework -- Drivers -- Governance -- Event Data Collection -- RCSA -- Key Risk Indicators -- Scenario Analysis -- Reporting -- Key Points -- Review Question -- Notes -- Chapter 16 Operational Risk and Convergence -- Operational Risk as a Catalyst for Convergence -- Governance, Risk, and Compliance (GRC) -- Assessment Convergence -- Convergence of Metrics -- Converged or GRC Reporting -- GRC Tools -- Key Points -- Review Question -- Notes -- Chapter 17 Best Practices in Related Risk Management Activities -- New-Product Approval -- Supplier and Third-Party Risk Management -- Legal Risk Management -- Legal Considerations in the Operational Risk Framework -- Capturing Legal Risks Using the Operational Risk Framework -- Regulatory Risk Management -- People Risk Management -- Fraud Risk Management -- Technology Risk Management -- Climate Risk -- Pandemic Planning -- Strategic Risk -- Key Points -- Review Question -- Notes -- Chapter 18 Case Studies -- JPMorgan Whale: Risky or Frisky? -- Review Questions -- Notes -- Appendix: Answers to Review Questions -- Chapter 1 -- Chapter 2 -- Chapter 3 -- Chapter 4 -- Chapter 5 -- Chapter 6 -- Chapter 7 -- Chapter 8 -- Chapter 9 -- Chapter 10 -- Chapter 11 -- Chapter 12 -- Chapter 13 -- Chapter 14 -- Chapter 15 -- Chapter 16 -- Chapter 17 -- Chapter 18 -- Notes -- About the Author -- About the Website -- Index -- EULA. |
| title | Operational Risk Management A Complete Guide for Banking and Fintech |
| title_auth | Operational Risk Management A Complete Guide for Banking and Fintech |
| title_exact_search | Operational Risk Management A Complete Guide for Banking and Fintech |
| title_exact_search_txtP | Operational Risk Management A Complete Guide for Banking and Fintech |
| title_full | Operational Risk Management A Complete Guide for Banking and Fintech |
| title_fullStr | Operational Risk Management A Complete Guide for Banking and Fintech |
| title_full_unstemmed | Operational Risk Management A Complete Guide for Banking and Fintech |
| title_short | Operational Risk Management |
| title_sort | operational risk management a complete guide for banking and fintech |
| title_sub | A Complete Guide for Banking and Fintech |
| work_keys_str_mv | AT girlingphilippax operationalriskmanagementacompleteguideforbankingandfintech |