OPERATIONAL RISK ADVISORS

Operational Risk Advisors was founded by Douglas G. Hoffman in 2000. In the 1990s, Mr. Hoffman and his teams pioneered many practices that are currently applied in operational risk management. He led the Operational Risk and Insurance Management department at Bankers Trust, including risk finance and insurance management, operational risk assessment, measurement and management, and the firm's global business continuity planning function. During this time, he and his teams developed the first internal and external databases of operational incidents and losses - later re-named the First Database, and now owned and managed by Fitch Group. They also developed one of the first on line tracking systems for issues, incidents, losses, as well as one of the first operational risk capital models in the industry. The capital model was a hybrid model that included a core loss distribution approach, which was enhanced with risk management and control incentives. Mr. Hoffman authored a book entitled..

Also known as: Operational Risk Advisors LLC

Primary location: Fairfield United States