Operational Risk – Page 2 – Stone House Consulting, LLC

Operational Risk #8: Reconciliation Gaps—A False Sense of Security

We’re sorry—the article you are looking for is no longer available on our website. However, it is included in our book, The Top Ten Operational Risks: A Survival Guide for Investment Management Firms and Hedge Funds. Purchase your paperback copy or Kindle version!

Operational Risk #7: Amalgamated Assignments—Segregation of Duties

Operational Risk: A Photo Really Does Speak 1,000 Words

An ‘alert reader’ sent us this link to a photo of JPMorgan’s London trading floor, which last week suffered from a plumbing problem–presumably from the floor above. We recommend anyone interested in operational risk click to see the photo and then envision your own trading desk or client files. We suspect JPMorgan may appreciate theContinue reading “Operational Risk: A Photo Really Does Speak 1,000 Words”

Operational Risk #6: Playbooks—Workflow Documentation

Operational Risk #5: Naïve Reliance on Technology—The Downside of Automation

Operational Risk #4: Dropped Batons—Hand-offs

Operational Risk #3: Novices, Apprentices and Soloists—Inadequate Training or Cross-Training

Operational Risk #2: The Blind Leading the Blind—Overextended and Underqualified Managers

#1 Operational Risk: Complacency—Trivializing and Disregarding Risks

Fixes for Algo Trading Glitches Come from Within

Stone House partner Holly Miller discusses improved controls that can help prevent trading algorithm problems like the one that Deutsche Bank experienced on the Osaka Stock Exchange in June, for which the bank’s wrists were slapped this week. See the article in WatersTechnology’s Sell Side Technology magazine.