Risk management is an indispensable and vital practice that holds immense significance in today's fast-paced and constantly changing business environment. Regardless of the size or reach of a company - be it a budding startup or a well-established multinational corporation operating across borders - the existence of risks remains an ever-present challenge that has the potential to significantly hinder progress, expansion, and overall sustainability. It is of utmost importance for organisations to adeptly manoeuvre through the complex terrain of risks, ensuring their ongoing triumph and longevity.
This book aims to provide a basis for developing risk-aware decision making to underpin risk frameworks and provide the reader with insights into the key principles and components of an operational risk framework.
About the James Yates is a 25-year veteran of financial services, working in roles across both the first and second lines of defence. A passionate advocate of strong risk management principles and risk cultures, James has been involved in building and evolving risk frameworks covering a wide variety of financial and non-financial risks and has held senior management and board level positions at a number of financial services firms.