Home
>
Professional
>
The Operational Risk Handbook for Financial Companies

The Operational Risk Handbook for Financial Companies

A guide to the new world of performance-oriented operational risk

By: Brian Barnier Format(s): Paperback, Ebook ISBN(s): 9780857190536, 9780857191564 Published: 8 July 2011 Edition: 1st
SKU(s): 529098 818440

RRP 29.99 Our Price £25.49

Buy eBook

RRP £49.99 Our Price ££42.49

Buy Paperback

Change Currency

Non-UK prices are provided as a guide and may differ from the exact amount billed.

Jacket Text
Contents
Author

The Operational Risk Handbook for Financial Companies is a groundbreaking new book. It seeks to apply for the first time a range of proven operational risk techniques from other industries and disciplines to the troubled territory of financial services.

Operational risk expert Brian Barnier introduces a range of sophisticated, dependable and - crucially - approachable tools for risk evaluation, risk response and risk governance. He provides a more robust way of gaining a better picture of risks, shows how to build risk-return awareness into decision making, and how to fix (and not just report) risks.

The practical importance of fully understanding and acting on risk to the business begins in the foreword on plan-B thinking, penned by Marshall Carter, chairman of the NYSE and deputy chairman of NYSE Euronext.

The book is unique because:

- It is not just about modeling and a few basic tools derived from regulatory requirements. Instead, it looks at management of risk to operations across industries, professional disciplines and history to help ops risk leaders become aware of the entire landscape of proven experience, not just their own conference room.

- It is not just about compliance. Instead, it looks to operations as part of performance - managing risk to return for shareholders and other interests (e.g. guarantee funds).

- It is not content to look at risk in stand-alone segments or silos; instead it takes a systems approach.

- It is not just about ops risk leaders sharing war stories at a conference. Instead, it introduces a panel of six financial institution board members who get risk management and provide their perspectives throughout the book to encourage/demand more from ops risk to meet the needs of the institution in the world.

- It is not a semi-random collection of tips and tricks. Instead, it is grounded in a risk-management process flow tailored to financial companies from a range of proven experience, providing tools to help at each step.

Suitable for companies of all sizes, this book is of direct relevance and use to all business managers, practitioners, boards and senior executives. Key insights from and for each are built into every chapter, including unique contributions from board members of a range of companies.

The Operational Risk Handbook for Financial Companies is an essential book for making better decisions at every level of a financial company; ones that measurably improve outcomes for boards, managers, employees and shareholders alike.

The Operational Risk Handbook for Financial Companies is a groundbreaking new book. It seeks to apply for the first time a range of proven operational risk techniques from other industries and disciplines to the troubled territory of financial services.

Operational risk expert Brian Barnier introduces a range of sophisticated, dependable and - crucially - approachable tools for risk evaluation, risk response and risk governance. He provides a more robust way of gaining a better picture of risks, shows how to build risk-return awareness into decision making, and how to fix (and not just report) risks.

The practical importance of fully understanding and acting on risk to the business begins in the foreword on plan-B thinking, penned by Marshall Carter, chairman of the NYSE and deputy chairman of NYSE Euronext.

The book is unique because:

- It is not just about modeling and a few basic tools derived from regulatory requirements. Instead, it looks at management of risk to operations across industries, professional disciplines and history to help ops risk leaders become aware of the entire landscape of proven experience, not just their own conference room.

- It is not just about compliance. Instead, it looks to operations as part of performance - managing risk to return for shareholders and other interests (e.g. guarantee funds).

- It is not content to look at risk...
About the Author
Acknowledgements
Preface
Foreword-Marshall Carter on Plan B Thinking
Introduction
Touchstones to Keep Focus on Efficiency and Effectiveness
'Been There, Done That'-the Voice of Experience
Bringing it Together

Part 1. Evaluating Risk
1.1. Lighting up 'Dark Corners'
1.2. Know the Business: evaluating the environment and the enterprise
1.3. The Right Tool for the Right Risk Type
1.4. Seeking Scenarios: providing more power to see-the 'why' and 'what'
1.5. Creating More Robust Scenarios More Easily-the 'how'
1.6. Evaluating Scenario Quality and Avoiding Bias
1.7. Creating Insightful Single Sources of Risk Information
1.8. Capital Estimates: Trips, Traps and Pitfalls
1.9. Capital and Performance Incentives
1.10. Watch for Warnings
1.11. Key Insights for Eva...

About the Author
Acknowledgements
Preface
Foreword-Marshall Carter on Plan B Thinking
Introduction
Touchstones to Keep Focus on Efficiency and Effectiveness
'Been There, Done That'-the Voice of Experience
Bringing it Together

Part 1. Evaluating Risk
1.1. Lighting up 'Dark Corners'
1.2. Know the Business: evaluating the environment and the enterprise
1.3. The Right Tool for the Right Risk Type
1.4. Seeking Scenarios: providing more power to see-the 'why' and 'what'
1.5. Creating More Robust Scenarios More Easily-the 'how'
1.6. Evaluating Scenario Quality and Avoiding Bias
1.7. Creating Insightful Single Sources of Risk Information
1.8. Capital Estimates: Trips, Traps and Pitfalls
1.9. Capital and Performance Incentives
1.10. Watch for Warnings
1.11. Key Insights for Evaluating Risk

Part 2. Responding to Risks
2.1. Responding to Risk: managing options, finding balance, creating levers
2.2. Prioritizing Improvements
2.3. Strengthening the Institution in its Environment
2.4. Improving Control Capability
2.5. Improving Product Management and Fraud Prevention
2.6. Improving IT-related Business Risk Management
2.7. React and Recover-Right Action at the Right Time
2.8. Key Insights for Responding to Risk

Part 3. Oversight of Risk Management
3.1. Oversight of Risk Management
3.2. Four Functions of a Governor
3.3. Key Insights for Oversight and Governing Risk

Part 4. You in Your Institution
4.1. Overcoming Barriers to Better Risk Management
4.2. Your Questions for the Board of Directors
4.3. Conclusion: your opportunity to make a difference

Index
US-based Brian Barnier uses his practical cross-discipline, cross-country and cross-industry experience to help leaders improve their personal and operational risk programme efficiency and effectiveness. In addition, he has been honoured to serve on several industry and professional practice committees, contributing risk management approaches to improve business performance and demonstrate compliance. He was named one of the exclusive fellows of the Open Compliance and Ethics Group (OCEG).

Mr Barnier is a contributor to Risk Management in Finance (2009) by Wiley & Sons. He has served as a co-author of ISACA's Risk IT based on COBIT Framework and Practitioner's Guide; a member of the review committee for OCEG's Redbook 2.0, guidance for using governance, risk and compliance to improve principled business performance; and a member of several committees of the BITS/Financial Services Roundtable.

He teaches professional education in risk management and audit of risk management, has taught operations and finance at the graduate level, has presented popular webinars, podcasts, been quoted in the risk and financial press, and has over 100 published articles for business operations, finance, technology, audit, risk, security and business continuity audiences. He serves on the editorial panels of the Taylor & Francis EDPACS Newsletter, ISACA Journal and the Association for Financial Professionals Risk newsletter.

www.valuebridgeadvisors.com
www.twitter.com/brian_barnier

If you'd like to get in touch with the author, please contact us at pr@harriman-house.com or call +44 (0)1730 233885

Media Coverage

AOL on Business

VIDEO - ValueBridge Advisors' Brian Barnier talks about gauging the strains of financial markets and what it means for your personal portfolio.

Risk Articles

As the plane bumped along in choppy air, the pilots scanned their instruments for data – both on the weather and the performance of the plane to its capabilities. As we disembarked at LGA, the...

Corporate Board Member

The ominous message read, “There’s been a drowning.” I was serving on the board of a non-profit that provided community arts and recreation services. We had our own facilities and managed one...

Mash Risk Television

Tying Operational Risk Management to Business Performance

ValueBridge Advisors
Brian Barnier, Principal

The Boardroom Channel - Boardmember.com

Brian Barnier was interviewed for The Boardroom Channel - 28th November 2011

BoardMember.com

Technology change, competitor action, cyber attacks, supply chain disruption, regulatory change, product blunders and executive departures–the risks to business performance are unceasing in a...

Information Week Reports

Enterprise risk management must be based on a holistic approach targeted at reducing risk to business performance objectives.
By Brian Barnier, ValueBridge Advisors

Systems failures, rogue...

Harvard Business Review

Brian Barnier, of ValueBridge Advisors, is the author of The Operational Risk Handbook for Financial Companies (Harriman House, 2011).

We've all experienced buck-passing. In customer support, for...

SearchCIO.com

All about the business: Critical insights on operational risk
Brian Barnier, Contributor

Editor's note: Brian Barnier, a frequent contributor to SearchCompliance.com and an Open Compliance and...

Open Compliance and Ethics Group

The news headlines keep coming -- Mortgage melt-down, massive data breach, foreclosure robo-signings, trading fraud, client portfolio risk matching errors, ATM and payments system outages, liquidity...

ISACA

“We need more executive support!” is a refrain I frequently hear when teaching ISACA audiences. Yet, when I ask, “Support for what?” I too often get a reply that is disconnected from revenue,...

ISACA Newsletter

Risk and control assessments are basic tools. Everyone uses them and most struggle with them. Ask five people at a conference and you will find that even the name is not uniform—risk and control...

Desdewallstreet.com

Brian Barnier talks risk management from the floor of the NYSE

Nyfp.tv

Exclusive Interview: Brian Barnier, ValueBridge Advisors

Media Review

"The Operational Risk Handbook for Financial Companies by Brian Barnier is a refreshingly practical approach to managing operational risk. It brings focus and clarity to operational risk and its...

Risk.mashnetworks.com

Top 5 Risk Research Videos of 2011
- Mash Risk Television 7th December 2011

Boardmember.com

This Week in the Boardroom - Brian Barnier- The Boardroom Channel 28th November 2011

Media Review

Four Ways Financial CIOs Can Drive Sharper
Enterprise Risk Management- Information Week Report 21st November 2011

Boardmember.com

Real Scenarios for Real Performance in Risk Oversight- Boardmember.com 14th November 2011

Blogs.hbr.org

Good Risk Management Means No Buck-Passing- Harvard Business Review 26th October 2011

Darkreading.com

UBS Rogue Trader Incident Stirs Access Management Speculation- Dark Reading 20th September 2011

Media Review

"This book provides practical systematic insights into operational risk from an interdisciplinary perspective. The procedural steps highlighted to measure, manage and mitigate operational risk are a...

Media Review

Enterprise Risk Management - Mitigation Strategies for Today's Global Enterprise
- SearchCIO.com 12th August 2011

Searchcio.techtarget.com

All about the business: Critical insights on operational risk
- Brian Barnier, SearchCIO.com 10th August 2011

Oceg.org

Operational Risk Management – Key Shifts Required to Rise to the Challenge
- Brian Barnier, OCEG 1st August 2011

Isaca.org

Getting business done: Key next steps in IT-related business risk management
- Brian Barnier, ISACA 23rd June 2011

Isaca.org

Ask Five Questions Before Assessing Your Controls
- Brian Barnier, ISACA Newsletter June 2011

Brighttalk.com

Integrating IT-Related Business Risk Management: The Next Chapter in Business Benefit- Brian Barnier, Principal, Value Bridge Advisors June 2011

Afponline.org

Business Continuity: What Financial Professionals Need to Know- AFP Online June 2011

Informaworld.com

Evaluating Operations and Information Technology Risk in Banks: Opportunities for Auditors to Bring More Value to Institutions- G. David, B. Barnier, EDPACS, Taylor & Francis April/May 2011

Rmahq.org

Boardroom view of Operational Risk- Special Guest: Humphrey Polanen, Chair, Audit Committe, Board of Directors, Heritage Commerce Corp.- RMA - Operational Risk Roundup April 2011

Rmahq.org

Avoiding traps in RCSAS, Five questions to ask- RMA - Operational Risk Roundup April 2011

Risk.mashnetworks.com

Tying Operational Risk Management to Business Performance- Mash Risk Television March 2011

Video.webcasts.com

Brian Barnier was the featured speaker for a webinar on 'Five Ways to Evaluate the Performance-Focus of Your Operational Risk Management Program'- Compliance Week 24th March 2011

Risk.mashnetworks.com

Five Steps to Building the Next Level in Operational Risk Management- Mash Risk Television February 2011

Rmahq.org

Boardroom View of Operational Risk - Special Guest: Ronald Dietz, Chair, Audit & Risk Committee, Board of Directors, Capital One Financial Corp- RMA - Operational Risk Roundup September 2010

Rmahq.org

Global Insight for Banks of all sizes- RMA - Operational Risk Roundup September 2010

If you'd like to get in touch with the author for interview or comment, or you'd like a review copy of this product, please contact us at pr@harriman-house.com or call +44 (0)1730 233885.

Discounts for bulk purchases and there are premium editions available. Please contact specialsales@harriman-house.com for a quote.

Rights

For information on available rights, please contact rights@harriman-house.com

Other coverage for The Operational Risk Handbook for Financial Companies:

Click here to view PDF

The Operational Risk Handbook for Financial Companies

A guide to the new world of performance-oriented operational risk

Change Currency

Media Coverage

Rights

Harriman House

Titles

Authors

Press

Trade

Connecting you to our customer service team

Im sorry, no one is currently available.

Enter your email address to receive your free ebook