Operational Risk Management: A Comprehensive Guide for the 21st Century

Download or read book Operational Risk Management: A Comprehensive Guide for the 21st Century written by Pasquale De Marco and published by Pasquale De Marco. This book was released on with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the ever-evolving landscape of the financial industry, operational risk poses a constant threat to the stability and reputation of institutions worldwide. Operational Risk Management: A Comprehensive Guide for the 21st Century provides a comprehensive roadmap for navigating the complexities of operational risk management in today's interconnected financial system. This book delves into the identification, assessment, mitigation, and monitoring of operational risks, offering practical strategies and best practices for effectively managing and mitigating them. It emphasizes the importance of fostering a strong operational risk culture within organizations, creating a culture of risk awareness, ethical behavior, and continuous learning. With the advent of technological advancements, globalization, and the increasing reliance on third-party vendors, operational risks have become more pervasive and diverse than ever before. This book addresses these evolving risks, providing guidance on how to adapt and innovate in the face of change. It explores emerging trends and challenges in operational risk management, such as the impact of artificial intelligence, big data analytics, and the digital transformation of financial services. Moreover, this book recognizes the critical role of technology in enhancing operational risk management. It discusses how to leverage technology to automate processes, improve data analysis, and strengthen risk monitoring and reporting. By embracing technological advancements, financial institutions can significantly improve their ability to identify, assess, and mitigate operational risks. Written by a team of experienced risk management professionals, Operational Risk Management: A Comprehensive Guide for the 21st Century is an essential resource for risk managers, financial professionals, regulators, and anyone seeking to understand and effectively manage operational risk in the modern financial landscape. If you like this book, write a review!