The forensic approach
Sebastian Fritz-Morgenthal, global head of op risk at Deutsche Bank, speaks about a quality analysis to risk management and the usefulness of Six Sigma. Victoria Pennington reports
You don't need to be a nuclear physicist to work in operational risk, but it helps. Sebastian Fritz-Morgenthal, global head of operational risk management at Deutsche Bank and a physicist by education, is busy putting the final touches to the bank's Basel II advanced measurement approach (AMA) programme.
Although work on the model has taken a year to complete, has involved countless visits by the regulators and has taken up the majority of the op risk department's time and resources, the
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