Cover for Controls, Procedures and Risk

Controls, Procedures and Risk

A volume in Securities Institute Operations Management

Book2002

Authors:

David Loader

Controls, Procedures and Risk

A volume in Securities Institute Operations Management

Book2002

 

Cover for Controls, Procedures and Risk

Authors:

David Loader

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Book description

'Controls, Procedures and Risk' covers the skills and procedures needed to enable the monitoring and managing of risk and the authors focus on procedures design, implementation and ... read full description

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  2. Book chapterAbstract only

    Chapter 1 - Against the Gods

    Pages 1-12

  3. Book chapterAbstract only

    Chapter 2 - Operations and operational controls

    Pages 13-27

  4. Book chapterAbstract only

    Chapter 3 - An introduction to operations and operational risk

    Pages 29-41

  5. Book chapterAbstract only

    Chapter 4 - The role of operations in managing risk

    Pages 43-52

  6. Book chapterAbstract only

    Chapter 5 - Developing controls

    Pages 53-66

  7. Book chapterAbstract only

    Chapter 6 - Mapping risk

    Pages 67-72

  8. Book chapterAbstract only

    Chapter 7 - Measuring risk and the effect of controls

    Pages 73-85

  9. Book chapterAbstract only

    Chapter 8 - Procedures

    Pages 87-99

  10. Book chapterAbstract only

    Chapter 9 - Industry initiatives

    Pages 101-113

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    Appendix 1 - Relevant website addresses

    Pages 115-119

  12. Book chapterNo access

    Appendix 2 - Operational risk‐moving forward

    Pages 121-129

  13. Book chapterNo access

    Glossary

    Pages 131-163

  14. Book chapterNo access

    Index

    Pages 165-168

About the book

Description

'Controls, Procedures and Risk' covers the skills and procedures needed to enable the monitoring and managing of risk and the authors focus on procedures design, implementation and documentation. Considerable emphasis is also given to the key controls and the importance of control functions, audit and risk management groups and policy. Case studies are used to effectively demonstrate 'success' and 'failure'.




In the financial services industry risk is a constant threat to organizations of all sizes and to the markets themselves. Many industry 'events' have shown how dangerous it is when a business operates in an uncontrolled way, particularly when the lack of control was not evident to the management of the business until it was too late.

Controls, procedures and risk are occupying more and more management time. The responsibility to manage the risks lies with the whole operations team. If it is successful in fulfilling this role the overall risk of the business is reduced, if it is not successful the consequences may be severe.

In this book the author has deliberately focussed on the practical side of risk, controls and procedures, rather than analyse the Basel Capital Accord and the capital requirements etc.(however, the Accord and updates are contained in the Appendices). Operations teams need to be aware of risk but not overwhelmed by it.

Risk management within, and by, the operations function is the focus of this book. From day-to-day risk to wider risk implications the operations function is reviewed to show the sources and implications of risk situations.

'Controls, Procedures and Risk' covers the skills and procedures needed to enable the monitoring and managing of risk and the authors focus on procedures design, implementation and documentation. Considerable emphasis is also given to the key controls and the importance of control functions, audit and risk management groups and policy. Case studies are used to effectively demonstrate 'success' and 'failure'.




In the financial services industry risk is a constant threat to organizations of all sizes and to the markets themselves. Many industry 'events' have shown how dangerous it is when a business operates in an uncontrolled way, particularly when the lack of control was not evident to the management of the business until it was too late.

Controls, procedures and risk are occupying more and more management time. The responsibility to manage the risks lies with the whole operations team. If it is successful in fulfilling this role the overall risk of the business is reduced, if it is not successful the consequences may be severe.

In this book the author has deliberately focussed on the practical side of risk, controls and procedures, rather than analyse the Basel Capital Accord and the capital requirements etc.(however, the Accord and updates are contained in the Appendices). Operations teams need to be aware of risk but not overwhelmed by it.

Risk management within, and by, the operations function is the focus of this book. From day-to-day risk to wider risk implications the operations function is reviewed to show the sources and implications of risk situations.

Key Features

The definitive series of professional references for those finance professionals concerned with "Back office" or operations management unique to this industry.Presents concise references on the essential management functions such as technology, client services, and risk management for financial operations management professionals.A comprehensive resource from a leading financial management consultant for global banks and institutions.

The definitive series of professional references for those finance professionals concerned with "Back office" or operations management unique to this industry.Presents concise references on the essential management functions such as technology, client services, and risk management for financial operations management professionals.A comprehensive resource from a leading financial management consultant for global banks and institutions.

Details

ISBN

978-0-7506-5486-9

Language

English

Published

2002

Copyright

Copyright © 2002 Elsevier Ltd. All rights reserved

Imprint

Butterworth-Heinemann

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Authors

David Loader