Navi Mumbai, Maharashtra India (PressExposure) July 09, 2007 -- This new executive report leads you step-by-step through the key practices and responsibilities 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, Sergio Scandizzo, one of the most knowledgeable operational risk professionals in the business, highlights the requisite set of skills and competencies that a successful operational risk manager must possess and discusses the key requirements of the role, including:
â¢ how to write an operational risk policy â¢ developing strong working relationships with senior management, front and back office staff, IT, compliance and audit professionals â¢ advising management on the identification and mitigation of operational risks â¢ embedding a culture of risk management throughout the business â¢ developing, maintaining and reviewing a risk management framework
Written exclusively 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.
The report looks at current developments affecting the role of the op risk manager including Basel II, capital measurement and allocation, and concluding 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 only for operational risk managers and analysts but also management consultants, internal and external auditors and compliance officers looking to move into this area or needing to learn more about the op risk manager's role.