In addition, Operational risk management attempts to bridge the gap that exists between some of the theoretical concepts of operational risk and the practical implementation. It deals firstly with the development phases of operational risk and then illustrates the effective application of an operational risk management process. It also discusses relevant issues in the field and how to deal with risk exposures that could disrupt business processes and systems, with the achievement of business objectives and with the wellbeing of employees.

Contents include the following:

• Operational risk management framework
• Development of an operational risk management function
• Operational risk identification
• Operational risk evaluation
• Operational risk control
• Operational risk financing
• Operational risk monitoring
• Operational risk appetite
• Operational risk management model

Operational risk management is aimed at students, as well as at managers interested in the management of operational risk.