Fundamentals of Operational Risk Management

“Managing operational risk is essential in this age of increasing uncertainty and complexity. Written by an authoritative expert in the field, this book provides clarity and practical insight, delivering a comprehensive and accessible framework for the management of operational risk. For both risk managers and those newer to the profession, the book is an essential guide to safeguarding operational integrity and driving strategic value through risk-aware decision-making. It should be an important resource for anyone serious about enhancing their risk practice.” * Patrick J Ring, Professor of Financial Services, Glasgow Caledonian University *“This is a practical book, aptly illustrated by practical risk management practices around the world. As a former risk practitioner with a Big 4, my immediate sense is that this book can only have been written by someone who has gone through the trenches of operational risk management.” * Petrus Gimbad, Board Chairman, Life Water Berhad and retired partner, Ernst & Young, Malaysia and Vietnam Practice *“The book is a well-structured and comprehensive guide for both practicing risk professionals and also for new learners who are aspiring to step into the operational risk management arena. There are ample real-world examples in the book that aids to put the theory to practice easily.” * Nandini Devarajan, Senior Manager, Group Risk, AirAsia Aviation Group *“Simon Ashby has managed to achieve the almost unthinkable: making an already great book even better. His usual brilliant combination of academic rigor and personal in-depth experience with operational risk management makes this book both insightful and fun to read. Adding the very current topic of geopolitical risks together with even more up-to-date real-world examples significantly adds to the book’s appeal.” * Thomas Kaiser, Founder, Professor Kaiser Risk Management Consulting *“This book is for both academic purposes and for business practices with real-world examples that everyone can learn from.” * Miranti Gani, Risk Management Committee member, Indonesia Railway *

Simon Ashby has been an academic, a financial regulator, and a senior operational risk manager in several UK financial institutions. He is currently a visiting professor at Vlerick Business School (Belgium), Bayes Business School (UK), and Exeter Business School (UK). He is a Fellow and former Chair of the Institute of Operational Risk. He is based in Plymouth, UK.