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By David Loader, Managing Director, Derivatives Management Services, London
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.
Audience
Operations staff in banks and other financial institutions who have experience in the finance industry; Individuals who seek a career
move into the operational side of the business, or those who wish to move into a supervisory/management role with the operations function.
Contents Preface; "Against the Gods"; Operations and operational controls; An introduction to operations and operational risk; Role of operations
in managing risk; Developing controls; Mapping risk; Measuring risk and the effect of controls; Procedures; Industry initiatives; The
future; Appendices.
Books and book related electronic products are priced in US dollars (USD), euro (EUR), and Great Britain Pounds (GBP). USD prices apply to the Americas and Asia Pacific. EUR prices apply in Europe and the Middle East. GBP prices apply to the UK and all other countries.
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