The Essentials of Risk Management : The Definitive Guide for the Non-risk Professional

Risk management is no longer confined solely to risk management specialists. Stakeholders ranging from employees to investors must understand how to quantify the tradeoffs of risk against the potential return. The failure to understand the essential nature of risk can have devastating consequences. Globally renowned risk and corporate governance experts Michel Crouhy, Dan Galai, and Robert Mark have updated and streamlined their bestselling professional reference Risk Management to introduce you to the world of risk management without requiring you to know the intricate formulas and mathematical details. The Essentials of Risk Management is the first book to make even the most sophisticated risk management approaches simultaneously accessible to both risk and non risk professionals. It will help you to: Increase the transparency of your risk management program to satisfy shareholders, employees, regulators, and other important constituencies Keep on top of the continuing evolution of best-practice risk policies and methodologies and associated risk infrastructures Implement and efficiently communicate an organization-wide Enterprise Risk Management (ERM) approach that encompasses market, credit, liquidity, operational, legal and regulatory, business, strategic and reputation risks Navigate thorny areas including risk policies, risk methodologies, economic capital, regulatory capital, performance measurement, asset-liability management, and more Efficiently allocate limited corporate resources to comply with the new generation of risk regulation and corporate governance regulation As a non-risk professional or board member, you are being called on more than ever before to make sophisticated assessments of your organization's risk exposures as well as play a critical role in its formal risk management process. The Essentials of Risk Management tells you what you need to know to succeed in this challenging new environment.

Have you ever used a stochastic oscillator?

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From the creators of one of today’s most popular investing Web sites,

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Covering everything from the basics, such as

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advanced concepts like tranche,

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The Investopedia Guide to Wall Speak

takes you beyond the average dictionary

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encyclopedic explanations of terms and

concepts. It also has about 50 hilarious

cartoons—proving that the investing

world does have its lighter side.

Keep The Investopedia Guide to Wall Speak on hand for those key

moments that can make or break an investment, like knowing when

to straddle an option . . . and when to strangle it.

Learn what risk management is and how you can effectively implement it in your organisationEssentials of Risk Management eliminates the complex mathematics and minutiae surrounding corporate risk management. It describes key risk concepts and controls in language that you can understand. Topics include organisational issues and regulatory aspects, along with detailed descriptions of tools for controlling key types of market, credit, and operational risk.Key featuresVital information from the bestselling Risk Management is made accessible to a wider professional audienceFor ease of readability, complicated mathematical equations are located in appendixes instead of chapter textThe authors are prize-winning researchers and practitioners; each is a prominent and influential figure in the international risk management field "From the creators of one of today's most popular investing Web sites, The Investopedia Guide to Wall Speak presents in-depth definitions of the site's most searched terms. Covering everything from the basics, such as asset, commodity, and index, to more advanced concepts like tranche, ebenture, and value investing, The Investopedia Guide to Wall Speak takes you beyond the average dictionary definition with concise yet thorough encyclopedic explanations of terms and concepts. It also has about 50 hilarious cartoons--proving that the investing world does have its lighter side. Keep The Investopedia Guide to Wall Speak on hand for those key moments that can make or break an investment, like knowing when to straddle an option ... and when to strangle it."--Publisher's website Associate PRM Certificate Exam Registration The Associate Professional Risk Manager (PRM) is a new PRMIA certificate program intended for staff entering the risk management profession, or those who interface with risk management disciplines on a regular basis, such as auditing, accounting, legal, and systems development personnel who want to understand fundamental risk management methods and practices. Designed to be mathematically and theoretically less detailed than the Professional Risk Manager (PRM(tm)) certification, the new program will cover the core concepts allowing non-specialists to interpret risk management information and reports, make critical assessments and evaluate the implications and the limitations of such results. Risk management: a helicopter view Corporate risk management, a primer Banks and their regulators, the research job for risk management Corporate governance and risk management A user friendly guide to the theory of risk and return Interest rate risk and hedging with derivative instruments From value at risk to stress testing Asset-liability management Credit scoring and retail credit risk management Commercial, credit risk and the rating of individual credits New approaches to measuring credit risk New ways to transfer credit risk and their implications Operational risk Model risk Risk capital attribution and risk-adjusted performance measurement Epilogue. Helps learn what risk management is and how you can implement it in your organization. This title eliminates the complex mathematics and minutiae surrounding corporate risk management. It includes topics that cover organizational issues, regulatory aspects, descriptions of tools for controlling key types of market, credit, and operational risk. How a company's board and senior management manage and control risk is the key to success. This is a simplified and much shorter version of the authors' successful 'Risk Management'. It focuses on concrete results oriented tips and analysis Combines Investopedia's top-searched terms and their definitions with The Closing Bell cartoons, to create a fun, illustrated and highly merchandisable dictionary plugged into this great online investment education brand.