Financial Services Operations Risk Management Handbook

Author: Derek
Publisher:
Publish Date: 2004-06-01
Features: This is a financial book, serving as a desk reference for financial professionals to avoid risks; Chairman Wang Jun of China CITIC Group wrote the preface for this book; It practically introduces 100 risks in financial services and summarizes 12 golden rules of risk management; The book is easy to understand and provides a concise overview for busy readers; The author, Hans-Ulrich Derick, served as the Deputy Chairman of Credit Suisse Group and Chairman of the Risk Management Committee, possessing extensive theoretical and practical experience in financial service operations; This book is highly valuable for financial and other industry professionals. Since China's entry into the WTO, the financial industry has frequently faced challenges from foreign competitors. How to better manage operational risks in financial services has become the key to the Chinese financial industry resisting foreign financial industry impacts. Dr. Hans-Ulrich Derick, Deputy Chairman of Credit Suisse Group and Chairman of the Risk Management Committee, defined five operational risks for financial services: institutional, policy/process, technical, personnel, and external. The management of operational risks is a fundamental aspect of risk management. Based on Dr. Derick's 12 golden rules of risk management and combined with years of practical experience, the book comprehensively explains how to manage operational risks—the soul of the book: 12 S of operational risk management—Strategy, Structure, System, Staff, Security, Speed, Stakeholders, Shared Values, Skills, Symbol, Style, and Synchronization. Dr. Derick further analyzes operational risk identification, analysis, assessment, transfer, and quantification from both personal and Credit Suisse Group perspectives, offering valuable insights for other industries as well. This book is highly valuable for financial and other industry professionals in China, serving as the preferred training material for those in banking, insurance, securities, and other financial fields. It can also be a reference for individuals aspiring to be good risk managers or controllers in their daily lives. Dr. Hans-Ulrich Derick, Deputy Chairman of Credit Suisse Group and Chairman of the Risk Management Committee, generously shares the valuable experience gained from Credit Suisse Group's practical operations, summarizing a series of operational rules superior to "Welch's 24 Commandments":
- 12 Golden Rules of Risk Management;
- 12 Lessons Learned from Operational Risks in Financial Services;
- 12 Management Principles of 12 S for Operational Risks;
- 12 Monitoring Principles for Operational Risk Control Procedures;
- 12 Systemic IT Reliability Principles;
- 12 Rules for Security and Speed;
- 12 Rules for Staff and Skills;
- 12 Principles for Style and Shared Values;
- 12 Guidelines for Risk Transfer;
- 12 Characteristics of Successful IT Migration;
- 12 Priority Measures for Corporate Communication;
- 12 Common Rules for Major Restructuring, Mergers, and Acquisitions.