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Operational risk managers in the financial services industry must have a solid understanding of the best practices for the implementation of an effective risk management framework and the management of operational risk. Practices for Operational Risk Management is designed to deliver a deep, practical understanding of operational risk management, risk management frameworks and measurement methodologies in financial institutions. Written by a practitioner author team from major financial institutions around the globe, current and new operational risk managers will find this primer a valuable resource.

Across financial services, risk management is an increasingly valued competency. This book introduces risk and risk management and its goal is to present the fundamentals of risk management to promote interest in the topic for further professional development.By the turn of the new millennium many firms had credit, market, and operational risk functions in place. It was the great financial crisis of the late 2000s that accelerated this trend.Driven by an understanding that a more holistic view of risk management was required, there is an increase in the types and amounts of risk categories being managed by firms. As a result, many managers require their teams to understand risk management and their roles and responsibilities related to it.Gain valuable knowledge with the Fundamentals of Risk Management, written by Justin C McCarthy, and the related resources provided by PRMIA at www.prmia.org