Actions for Event- and Data-Centric Enterprise Risk-Adjusted Return Management [electronic resource] : A Banking Practitioner's Handbook

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Event- and Data-Centric Enterprise Risk-Adjusted Return Management [electronic resource] : A Banking Practitioner's Handbook / by Kannan Subramanian R, Dr. Sudheesh Kumar Kattumannil

Author
Subramanian R, Kannan
Published
Berkeley, CA : Apress : Imprint: Apress, 2022.
Edition
1st ed. 2022.
Physical Description
XXVIII, 1090 p. 639 illus. online resource
Additional Creators
Kumar Kattumannil, Dr. Sudheesh and SpringerLink (Online service)
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Contents
Chapter 1: Commercial Banks, Banking Systems, and Basel Recommendations -- Chapter 2: Siloed Risk Management Systems -- Chapter 3: Enterprise Risk Adjusted Return Model (ERRM), Gap Analysis, and Identification -- Chapter 4: ERRM Methodology, High-level Implementation Plan -- Chapter 5: Enterprise Architecture -- Chapter 6: Enterprise Data Management -- Chapter 7: Enterprise Risk Data Management -- Chapter 8: Data Science and Enterprise Risk Return Management -- Chapter 9: Advanced Analytics and Knowledge Management -- Chapter 10: ERRM Capabilities and Improvements -- Appendix A: Abbreviations -- Appendix B. List of Processes.
Summary
Take a holistic view of enterprise risk-adjusted return management in banking. This book recommends that a bank transform its siloed operating model into an agile enterprise model. It offers an event-driven, process-based, data-centric approach to help banks plan and implement an enterprise risk-adjusted return model (ERRM), keeping the focus on business events, processes, and a loosely coupled enterprise service architecture. Most banks suffer from a lack of good quality data for risk-adjusted return management. This book provides an enterprise data management methodology that improves data quality by defining and using data ontology and taxonomy. It extends the data narrative with an explanation of the characteristics of risk data, the usage of machine learning, and provides an enterprise knowledge management methodology for risk-return optimization. The book provides numerous examples for process automation, data analytics, event management, knowledge management, and improvements to risk quantification. The book provides guidance on the underlying knowledge areas of banking, enterprise risk management, enterprise architecture, technology, event management, processes, and data science. The first part of the book explains the current state of banking architecture and its limitations. After defining a target model, it explains an approach to determine the "gap" and the second part of the book guides banks on how to implement the enterprise risk-adjusted return model. You will: Know what causes siloed architecture, and its impact Implement an enterprise risk-adjusted return model (ERRM) Choose enterprise architecture and technology Define a reference enterprise architecture Understand enterprise data management methodology Define and use an enterprise data ontology and taxonomy Create a multi-dimensional enterprise risk data model Understand the relevance of event-driven architecture from business generation and risk management perspectives Implement advanced analytics and knowledge management capabilities.
Subject(s)
ISBN
9781484274408
Digital File Characteristics
text file PDF
Part Of
Springer Nature eBook
View MARC record | catkey: 37464732