Heat Maps and Theater: Why Operational Risk Management Fails- and What Boards Must Now Do
by Jaffar Mohammed Ahmed
English | 2026 | ASIN: B0H2YWG2TZ | 222 Pages | True PDF | 29 MB
The risk function that boards depend on to identify and prevent the failures that destroy banks does not do that work. It produces heat maps, control assessments, and incident reports-artifacts that occupy meetings, satisfy supervisors, and arrive at the board pre-comforted. It does not detect, prevent, or measurably reduce the losses it exists to address.
This book reconstructs how the discipline was built to fail. Not by accident, but by the structure of its tools, its constituencies, and its standing within the bank. The deconstruction is forensic.
The conclusion is unsentimental.
For the boards that have inherited the failure and will be held accountable for it. The book closes with the diagnostic the discipline has refused to write-a board-level instrument for naming, in a single page, exactly what an operational risk function is doing, and what it is not.
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