- Hardcover: 416 pages
- Publisher: McGraw-Hill Professional (1 Jan. 2006)
- Language: English
- ISBN-10: 0071429662
- ISBN-13: 978-0071429665
- Product Dimensions: 16 x 3.1 x 23.6 cm
- Average Customer Review: 4.4 out of 5 stars See all reviews (7 customer reviews)
- Amazon Bestsellers Rank: 165,952 in Books (See Top 100 in Books)
The Essentials of Risk Management: The Definitive Guide for the Non-risk Professional Hardcover – 1 Jan 2006
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From the Back Cover
Learn powerful corporate governance and risk strategies to control both financial and non financial risks
Risk is an integral component of every forward looking transaction. Now more than ever before, it is essential to understand the multiple dimensions of risk as well as how to best manage risk to gain a competitive advantage. The Essentials of Risk Management offers a strikingly clear picture of how to construct a superior risk management program.
The Essentials of Risk Management provides you with a practical, non-ivory tower approach that is necessary to effectively implement a superior risk management program. Written by three of the leading figures with extensive practical and theoretical experience in the global risk management and corporate governance arena, this straightforward guidebook features such topics as:
- Corporate governance, compliance and risk management
- How to implement integrated risk management
- Measuring, managing and hedging market, credit (retail and corporate), operational and model risk
- The roles of board members and senior management in managing risk
As corporate scandals continue to make headlines and erode shareholder confidence, risk becomes everyone's responsibility. The Essentials of Risk Management will empower both the technical and non technical reader with the essential knowledge necessary to understand and manage risks in any corporate or economic environment.
About the Author
Michel Crouhy, Ph.D., is the head of research and development and financial engineering at IXIS Corporate and Investment Bank (Groupe Caisse d'Epargne). He has the bankwide oversight on all quantitative research and the development of new products and applications supporting the trading and structuring businesses.
Dan Galai, Ph.D., is the Abe Gray Professor of Banking and Finance at The Hebrew University. He is a co-CEO of Sigma PCM, an investment banking firm. Galai has consulted for the Chicago Board Options Exchange and the American Stock Exchange, and for many major banks and corporations.
Robert M. Mark Ph.D., is the Chief Executive Officer of Black Diamond, which provides corporate governance, risk management consulting, and transaction services. He is the chairperson of The Professional Risk Managers' International Association's (PRMIA) Blue Ribbon Panel. He was awarded the Financial Risk Manager of the Year by the Global Association of Risk Professionals (GARP).
Inside This Book(Learn More)
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Top Customer Reviews
For three years I've been looking for a sensibly-pitched book that will give me a decent grounding in what the risk managers are trying to do, without me having to undertake 400 hours of pointless study just to get the 20-odd hours worth that I need. This book really hit the mark for me. Heavy on explanation, and light on maths, I now have a decent understanding of why companies engage in risk management strategies such as hedging, why they use derivatives and other instruments even if they're not necessarily financial companies, and I understand a fair bit about the legislation too (although it is five years old in this edition, so doesn't have anything about Solvency II - but I do now understand why something like Solvency II was required!). If you have a high school/early uni maths background (even if rusty), you should get through this book in 30-40 hours' reading, and the majority of it is relevant to my work too.
All in all, as a sourcebook to get up to speed when you have to deal with risk professionals, this book is as close to my holy grail as I expect to find. Recommended.
Most Recent Customer Reviews
Very Good and relatively easy to read. I would like a step further to have been included in order to provide further details about how to calculate riskPublished on 21 Jan. 2013 by Konstantinos Pagonis
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