A Risk Professional's Survival Guide: Applied Best Practices in Risk Management (Wiley Finance)
By: Clifford Rossi (author)Hardback
1 - 2 weeks availability
Balanced, practical risk management for post financial crisis institutions Fundamentals of Risk Management fills a critical gap left by existing risk management texts. Instead of focusing only on quantitative risk analysis or only on institutional risk management, this book takes a comprehensive approach. The disasters of the recent financial crisis taught us that managing risk is both an art and a science, and it is critical for practitioners to understand how individual risks are integrated at the enterprise level. This book is the only resource of its kind to introduce all of the key risk management concepts in a cohesive case study spanning each chapter. A hypothetical bank drawn from elements of several real world institutions serves as a backdrop for topics from credit risk and operational risk to understanding big-picture risk exposure. You will be able to see exactly how each rigorous concept is applied in actual risk management contexts.
Fundamentals of Risk Management includes: * Supplemental Excel-based Visual Basic (VBA) modules, so you can interact directly with risk models * Clear explanations of the importance of risk management in preventing financial disasters * Real world examples and lessons learned from past crises * Risk policies, infrastructure, and activities that balance limited quantitative models This book provides the element of hands-on application necessary to put enterprise risk management into effective practice. The very best risk managers rely on a balanced approach that leverages every aspect of financial operations for an integrative risk management strategy. With Fundamentals of Risk Management, you can identify and control risk at an expert level.
CLIFFORD ROSSI is Professor-of-the-Practice and Executive-in-Residence at the Robert H. Smith School of Business at the University of Maryland. He also has nearly 25 years' experience in banking and government. Dr. Rossi's most recent position was Managing Director and Chief Risk Officer for Citigroup's Consumer Lending Group. He has also held senior risk management positions at Freddie Mac and Fannie Mae. Dr. Rossi is frequently quoted on financial policy issues in major newspapers and has appeared on Fox News, C-SPAN, and CNN's Situation Room.
Preface ix Acknowledgments xi About the Author xiii CHAPTER 1 Navigating Risk at Sifi Bank 1 CHAPTER 2 Overview of Financial Risk Management 33 CHAPTER 3 Risk Governance and Structure 61 CHAPTER 4 Economic Capital, Risk-Adjusted Performance, and Capital Allocation 83 CHAPTER 5 Credit Risk Theory 115 CHAPTER 6 Consumer Credit Risk Measurement 145 CHAPTER 7 Commercial Credit Risk Overview 193 CHAPTER 8 Credit Risk Mitigation 223 CHAPTER 9 Interest Rate Risk 255 CHAPTER 10 Market Risk 287 CHAPTER 11 Liquidity Risk Management 311 CHAPTER 12 Market Risk Hedging 345 CHAPTER 13 Hedging Interest Rate Risk 375 CHAPTER 14 Operational Risk Management 405 CHAPTER 15 Model, Regulatory, Legal, and Reputational Risk Management 431 CHAPTER 16 Toward Integrated Risk Management 461 Answer Key 477 Index 497
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- ID: 9781118045954
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