Managing compliance operational digital AI and sustainability risks has become increasingly
critical for businesses in the financial services industry. Furthermore expectations by
regulators are ever more demanding while monetary sanctions are being scaled up. Accordingly
non-financial risk (NFR) management requires sophistication in various aspects of a risk
management system. This handbook analyses a major success factor necessary for meeting the
requirements of modern risk management: an institution-specific target operating model -
integrating strategy governance & organisation risk management data architecture and
cultural elements to ensure maximum effectiveness. Fully updated to reflect the latest
regulatory and industry developments the second edition features two brand-new chapters on the
deployment of (Gen) AI in non-financial risk management and cyber resilience in financial
institutions. The book has been written by senior NFR experts from key markets in Europe the
US and Asia. It gives practitioners the necessary guidance to master the challenges in today's
global risk environment. Each chapter covers key regulatory requirements major implementation
challenges as well as both practical solutions and examples.
