Risk Management

The various threats to an organization's operations, such as fraud, technical issues, poorly designed products, etc., can lead to severe damage and losses. The aim of the book "Risk Management for Banks and Businesses" is to foster an understanding of the basic components of effective risk management among both students and risk professionals, by describing how to implement a sound Risk Management Framework, which is integrated into daily business activities. More specifically, it covers the main operational risk tools, including risk categorization and self-assessment, as well as control and scenario analysis tools, while exploring the importance of operational risk appetite and tolerance.
Using case studies of significant operational risk events to illustrate each concept, the book demonstrates the value of having a Risk Management Framework and how it combines with other types of risk management. There is also guidance on the regulatory treatment of operational risk and the importance of risk culture.

In summary, upon completing the book, the reader will be able to perform key risk management actions and improve risk management practices.