Financial Risk Management For Dummies

Author: Aaron Brown

Publisher: John Wiley & Sons

ISBN: 1119082196

Category: Business & Economics

Page: 384

View: 3161

Take the risk out of financial risk management Written by bestselling author and past winner of the GARP Award's Risk Manager of the Year, Aaron Brown, Financial Risk Management For Dummies offers thorough and accessible guidance on successfully managing and controlling financial risk within your company. Through easy-to-follow instruction, you'll find out how to manage risk, firstly by understanding it, and then by taking control of it. Plus, you'll discover how to measure and value financial risk, set limits, stop losses, control drawdowns and hedge bets. Financial risk management uses financial instruments to manage exposure to risk within firms, large and small—particularly credit risk and market risk. From managing and measuring risk to working in financial institutions and knowing how to communicate risk to your company and clients, Financial Risk Management For Dummies makes it easy to make sense of the management of risk when working in various different financial institutions and concludes by covering the topic of how to communicate risk — how to report it properly and how to deal with and comply with all of the regulations. Covers managing risk and working as a financial risk manager Provides everything you need to know about measuring financial risk Walks you through working in financial institutions Demonstrates how to communicate risk If you work in the financial sector and want to make financial risk management your mission, you've come to the right place!

Financial Risk Management For Dummies

Author: Aaron Brown

Publisher: John Wiley & Sons

ISBN: 111908220X

Category: Business & Economics

Page: 384

View: 3816

TOPICS COVERED: Introduction Part I: Managing Risk Chapter 1: Living with Risk Chapter 2: Understanding Risk Chapter 3: Taking Charge of Risk Chapter 4: Managing Financial Risk Chapter 5: Working as a Financial Risk Manager Part II: Measuring Financial Risk Chapter 6: Valuing Risk Chapter 7: Stressing for Success Chapter 8: Speaking Greek Chapter 9: Pushing the Boundaries Part III: Managing Financial Risk Chapter 10: Setting Limits Chapter 11: Stopping Losses Chapter 12: Controlling Drawdowns Chapter 13: Hedging Bets Part IV: Working in Financial Institutions Chapter 14: Trading Places Chapter 15: Banking on Risk Chapter 16: Managing Asset Risk Chapter 17: Insuring Risk Part V: Communicating Risk Chapter 18: Reporting Risk Chapter 19: Dealing with Regulations Part VI: The Part of Tens Chapter 20: Ten One Minute Risk Management Tips Chapter 20: Ten Dramatic On-Line Illustrations ofRisk Chapter 21: Ten Great Risk Managers in History Chapter 22: Great Risk Management Books

The Complete Idiot's Guide to Risk Management

Author: Annetta Cortez

Publisher: Penguin

ISBN: 1101196238

Category: Business & Economics

Page: 368

View: 1316

Manage the risk and maximize the reward! Risk. It's what business is all about. The key to success is to anticipating and managing the risks that can impact business. 'The Complete Idiot's Guide® to Risk Management', provides the key information necessary to manage business risk successfully. ? The basic categories of business risk ? How to identify the specific factors that affect any particular business ? How to create practical risk models to plan ahead ? How to lessen the impact of risk events should they happen ? How to profit from strategic risk taking

Financial Risk Management: A Simple Introduction

Author: K.H. Erickson

Publisher: K.H. Erickson

ISBN: N.A

Category: Business & Economics

Page: 102

View: 5203

Financial Risk Management: A Simple Introduction presents a detailed guide to some of the central ideas and tools of financial risk management, with theory, examples, formulas, and calculations to illustrate the analysis. Calculate leverage, duration, modified duration, and convexity to find the risk exposure and interest rate risk sensitivity of an asset. Understand bond immunization to manage risk, and assess non-vanilla bond risk using both effective duration and effective convexity. Use value at risk to forecast maximum losses over a period, with detailed step by step instructions provided to using the variance-covariance, historical simulation, and Monte Carlo methods. Learn how to perform autocorrelation and unit root tests to test the square root of time rule. Conduct time-varying volatility analysis, using detailed steps to create an exponentially weighted moving average and then backtest it for robustness. Apply financial risk management tools to the empirical 1994 bankruptcy of Orange County, California to determine if it could have been avoided, and assess a number of financial derivative hedge instruments.

Red-Blooded Risk

The Secret History of Wall Street

Author: Aaron Brown

Publisher: John Wiley & Sons

ISBN: 1118043863

Category: Business & Economics

Page: 415

View: 1873

From 1987 to 1992, a small group of Wall Street quants invented an entirely new way of managing risk to maximize success: risk management for risk-takers. This text examines this approach and offers valuable advice for the calculated risk-takers who need precise quantitative guidance that will help separate them from the rest of the pack.

Mathematics and Statistics for Financial Risk Management

Author: Michael B. Miller

Publisher: John Wiley & Sons

ISBN: 1118757645

Category: Business & Economics

Page: 336

View: 8884

Mathematics and Statistics for Financial Risk Management is a practical guide to modern financial risk management for both practitioners and academics. Now in its second edition with more topics, more sample problems and more real world examples, this popular guide to financial risk management introduces readers to practical quantitative techniques for analyzing and managing financial risk. In a concise and easy-to-read style, each chapter introduces a different topic in mathematics or statistics. As different techniques are introduced, sample problems and application sections demonstrate how these techniques can be applied to actual risk management problems. Exercises at the end of each chapter and the accompanying solutions at the end of the book allow readers to practice the techniques they are learning and monitor their progress. A companion Web site includes interactive Excel spreadsheet examples and templates. Mathematics and Statistics for Financial Risk Management is an indispensable reference for today’s financial risk professional.

Enterprise Risk Management

Today's Leading Research and Best Practices for Tomorrow's Executives

Author: John R. S. Fraser,John Fraser,Betty Simkins

Publisher: John Wiley & Sons

ISBN: 0470499087

Category: Business & Economics

Page: 577

View: 4556

Through in-depth insights into what practitioners of this evolving business practice are actually doing, this text clearly explains what enterprise risk management is and how you can teach, learn, and implement these leading practices within the context of your business activities.

Financial Risk Management

A Practitioner's Guide to Managing Market and Credit Risk

Author: Steve L. Allen

Publisher: John Wiley & Sons

ISBN: 1118226526

Category: Business & Economics

Page: 608

View: 4533

A top risk management practitioner addresses the essential aspects of modern financial risk management In the Second Edition of Financial Risk Management + Website, market risk expert Steve Allen offers an insider's view of this discipline and covers the strategies, principles, and measurement techniques necessary to manage and measure financial risk. Fully revised to reflect today's dynamic environment and the lessons to be learned from the 2008 global financial crisis, this reliable resource provides a comprehensive overview of the entire field of risk management. Allen explores real-world issues such as proper mark-to-market valuation of trading positions and determination of needed reserves against valuation uncertainty, the structuring of limits to control risk taking, and a review of mathematical models and how they can contribute to risk control. Along the way, he shares valuable lessons that will help to develop an intuitive feel for market risk measurement and reporting. Presents key insights on how risks can be isolated, quantified, and managed from a top risk management practitioner Offers up-to-date examples of managing market and credit risk Provides an overview and comparison of the various derivative instruments and their use in risk hedging Companion Website contains supplementary materials that allow you to continue to learn in a hands-on fashion long after closing the book Focusing on the management of those risks that can be successfully quantified, the Second Edition of Financial Risk Management + Websiteis the definitive source for managing market and credit risk.

Foundations of Financial Risk

An Overview of Financial Risk and Risk-based Financial Regulation

Author: GARP (Global Association of Risk Professionals),Richard Apostolik,Christopher Donohue

Publisher: John Wiley & Sons

ISBN: 1119106400

Category: Business & Economics

Page: 368

View: 4844

Gain a deeper understanding of the issues surrounding financial risk and regulation Foundations of Financial Risk details the various risks, regulations, and supervisory requirements institutions face in today's economic and regulatory environment. Written by the experts at the Global Association of Risk Professionals (GARP), this book represents an update to GARP's original publication, Foundations of Banking Risk. You'll learn the terminology and basic concepts surrounding global financial risk and regulation, and develop an understanding of the methods used to measure and manage market, credit, and operational risk. Coverage includes traded market risk and regulation, treasury risk and regulation, and much more, including brand new coverage of risk management for insurance companies. Clear explanations, focused discussion, and comprehensive relevancy make this book an ideal resource for an introduction to risk management. The textbook provides an understanding of risk management methodologies, governance structures for risk management in financial institutions and the regulatory requirements dictated by the Basel Committee on Banking Supervision. It provides thorough coverage of the issues surrounding financial risk, giving you a solid knowledgebase and a practical, applicable understanding. Understand risk measurement and management Learn how minimum capital requirements are regulated Explore all aspects of financial institution regulation and disclosure Master the terminology of global risk and regulation Financial institutions and supervisors around the world are increasingly recognizing how vital sound risk management practices are to both individual firms and the capital markets system as a whole. Savvy professionals recognize the need for authoritative and comprehensive training, and Foundations of Financial Risk delivers with expert-led education for those new to risk management.

The Poker Face of Wall Street

Author: Aaron Brown

Publisher: John Wiley & Sons

ISBN: 1118161106

Category: Business & Economics

Page: 368

View: 7528

Wall Street is where poker and modern finance?and the theory behind these "games"?clash head on. In both worlds, real risk means real money is made or lost in a heart beat, and neither camp is always rational with the risk it takes. As a result, business and financial professionals who want to use poker insights to improve their job performance will find this entertaining book a "must read." So will poker players searching for an edge in applying the insights of risk-takers on Wall Street.

Insurance for Dummies

Author: Jack Hungelmann

Publisher: John Wiley & Sons

ISBN: 9780470530108

Category: Business & Economics

Page: 384

View: 2618

Now updated — your guide to getting the best insurance policy Are you intimidated by insurance? Have no fear — this easy-to-understand guide explains everything you need to know, from getting the most coverage at the best price to dealing with adjusters, filing claims, and more. Whether you're looking for personal or business insurance, you'll see how to avoid common pitfalls, lower your costs, and get what you deserve at claim time. Get to know the basics — understand how to make good insurance decisions and reduce the chances of a financial loss in your life Take your insurance on the road — manage your personal automobile risks, handle special situations, insure recreational vehicles, and deal with insurance adjusters Understand homeowner's and renter's insurance — know what is and isn't covered by typical policies, common exclusions and pitfalls, and how to cover yourself against personal lawsuits Buy the right umbrella policy — discover the advantages, and coordinate your policies to cover the gaps Manage life, health, and disability risks — explore individual and group policies, understand Medicare basics, and evaluate long-term disability and long-term-care insurance Open the book and find: The best life, health, home, and auto policies Strategies for handling the claims process to get what you deserve Tips on adjusting your deductible to suit your lifestyle How to navigate healthcare policies Ways to reduce your risk and your premiums Common traps and loopholes Considerations for grads, freelancers, and remote workers

Islamic Finance For Dummies

Author: Faleel Jamaldeen

Publisher: John Wiley & Sons

ISBN: 1118233905

Category: Business & Economics

Page: 384

View: 7282

A detailed look at the fast-growing field of Islamic banking and finance The global Islamic finance market is now worth about $700 billion worldwide. Islamic Finance For Dummies helps experienced investors and new entrants into Islamic finance quickly get up to speed on this growing financial sector. Here, you'll find clear and easy-to-understand information on how you can incorporate Islamic finance products into your investment portfolio. You'll quickly and easily: become acquainted with the theory, practice, and limitations of Islamic banking; understand how to develop products for the Islamic financial industry; grasp the objectives and sources of Islamic law and the basic guidelines for business contacts; learn about Islamic fund management and insurance; and much more. Coverage of the role Islamic finance can play in the development of the financial system and of economies Addresses the risks and rewards in Islamic banking The future prospects and opportunities of the Islamic finance industry With the help of Islamic Finance For Dummies, you'll discover the fast and easy way to tap into the booming Islamic finance arena.

Corporate Finance for Dummies

Author: Steve Collings

Publisher: John Wiley & Sons

ISBN: 1118743504

Category: Corporations

Page: 376

View: 5316

The maths, the formulas, and the problems associated with corporate finance can be daunting to the uninitiated, but help is at hand. Corporate Finance For Dummies, UK Edition covers all the basics of corporate finance, including: accounting statements; cash flow; raising and managing capital; choosing investments; managing risk; determining dividends; mergers and acquisitions; and valuation. It also serves as an excellent resource to supplement corporate finance coursework and as a primer for exams. Inside you?ll discover: The tools and expert advice you need to understand corporate finance principles and strategies Introductions to the practices of determining an operating budget, calculating future cash flow, and scenario analysis - in plain English Information on the risks and rewards associated with corporate finance and lending Easy?to?understand explanations and examples Help to pass your corporate finance exam!

Asset Allocation For Dummies

Author: Dorianne Perrucci,Jerry A. Miccolis

Publisher: John Wiley & Sons

ISBN: 0470522550

Category: Business & Economics

Page: 360

View: 5393

An easy-to-understand how-to guide to the single most importantthing you can do in investing — choosing and mixing yourassets successfully. You don’t need to be an expert analyst, a starstock-picker, or a rocket scientist to have better investmentresults than most other investors. You just need to allocate yourassets in the right way, and have the conviction to stick with thatallocation. The big secret behind asset allocation — the secret thatmost sophisticated investors know and use to their benefit —is that it’s really not all that hard to do. Asset Allocation For Dummies serves as a comprehensive guide tomaximizing returns and minimizing risk — while managingtaxes, fees and other costs — in putting together a portfolioto reflect your unique financial goals. Jerry A. Miccolis (Basking Ridge, NJ), CFA®, CFP®,FCAS, MAAA is a widely quoted expert commentator who has beeninterviewed in The New York Times and the Wall Street Journal, andappeared on CBS Radio and ABC-TV. He is a senior financialadvisor and co-owner of Brinton Eaton Wealth Advisors (ahref="http://www.brintoneaton.com/"www.brintoneaton.com/a), afee-only investment management, tax advisory and financial planningfirm in Madison, N.J. Dorianne R. Perrucci (Scotch Plains, NJ) is afreelance writer who has been published in The New York Times,Newsweek, and TheStreet.com, and has collaborated on severalfinancial books, including I.O.U.S.A, One Nation, Under Stress, InDebt (Wiley, 2008).

Operational Risk Management

A Complete Guide to a Successful Operational Risk Framework

Author: Philippa X. Girling

Publisher: John Wiley & Sons

ISBN: 1118744780

Category: Business & Economics

Page: 352

View: 4699

A best practices guide to all of the elements of an effective operational risk framework While many organizations know how important operational risks are, they still continue to struggle with the best ways to identify and manage them. Organizations of all sizes and in all industries need best practices for identifying and managing key operational risks, if they intend on exceling in today's dynamic environment. Operational Risk Management fills this need by providing both the new and experienced operational risk professional with all of the tools and best practices needed to implement a successful operational risk framework. It also provides real-life examples of successful methods and tools you can use while facing the cultural challenges that are prevalent in this field. Contains informative post-mortems on some of the most notorious operational risk events of our time Explores the future of operational risk in the current regulatory environment Written by a recognized global expert on operational risk An effective operational risk framework is essential for today's organizations. This book will put you in a better position to develop one and use it to identify, assess, control, and mitigate any potential risks of this nature.

Risk Management Handbook for Health Care Organizations: Business risk : legal, regulatory, and technology issues

Author: Roberta Carroll,American Society for Healthcare Risk Management

Publisher: John Wiley & Sons

ISBN: 9780470620830

Category: Health facilities

Page: 752

View: 8258

The American Society for Healthcare Risk Management (ASHRM) announces the 6th edition of its authoritative reference text on healthcare risk management. The Risk Management Handbook for Healthcare Organizations, Volume 3, Business Risks offers the most respected guidance for today's healthcare risk management professional. The sixth edition is the latest edition of the Handbook which has become the standard in healthcare risk management. The three-volume set covers the enterprise-wide continuum of care and associated risk and has been thoroughly revised and updated to reflect recent changes in the healthcare environment. The Risk Management Handbook for Healthcare Organizations offers current information, regulatory and legal updates, and assessment tools that will prove invaluable to both new and seasoned risk managers. Volume 3 focuses on business-related risks, providing information in nineteen chapters on statutes, standards, and regulations, accreditation, licensure, certification, and surveying bodies, liabilities and claims and litigation, corporate compliance, mergers, acquisitions, and divestitures, costs and financing of risk, workers' compensation, managed care, occupational and environmental risk exposures for healthcare facilities, telemedicine, HIPAA, Medicare RAC and other audit exposures, medical tourism, and absence and productivity management. The American Society for Healthcare Risk Management (ASHRM) is a personal membership group of the American Hospital Association with more than 5,300 members representing clinical, insurance, law, and other related professions. ASHRM promotes effective and innovative risk management strategies and professional leadership through education, recognition, advocacy, publications, networking, and interactions with leading healthcare organizations and government agencies. ASHRM initiatives focus on developing and implementing safe and effective patient care practices, the preservation of financial resources, and the maintenance of safe working environments.

Investment Banking For Dummies

Author: Matt Krantz,Robert R. Johnson

Publisher: John Wiley & Sons

ISBN: 1118615778

Category: Business & Economics

Page: 384

View: 8962

"Learn to: grasp and apply the fundamentals of investment banking; understand post-financial crisis changes; score higher in your investment banking course"--Cover.

SAP GRC For Dummies

Author: Denise Vu Broady,Holly A. Roland

Publisher: John Wiley & Sons

ISBN: 9781118052594

Category: Computers

Page: 342

View: 9906

Governance, risk, and compliance—these three big letters can add up to one giant headache. But GRC doesn't have to be a boil on your corporate behind. SAP GRC For Dummies untangles the web of regulations that confronts your company and introduces you to software solutions the not only keep you in compliance, but also make your whole enterprise stronger. This completely practical guide starts with a big-picture look and GRC and explains how it can help your organization grow. You'll find out why these regulations were enacted; what you can do to ensure compliance; and how compliance can help you prevent fraud, bolster your corporate image, and envision and execute the best possible corporate strategy. This all-business handbook will help you: Understand the impact of Sarbanes-Oxley Control access effectively Color your company a greener shade of green Source or sell goods internationally Keep your employees safe and healthy Ensure that data is kept secret and private Manage information flow in all directions Enhance your public image through sustainability reporting Use GRC as the basis for a powerful new corporate strategy Complete with enlightening lists of best practices for successful GRC implementation and conducting global trade, this book also puts you in touch with thought leadership Web sights where you can deepen your understanding of GRC-based business strategies. You can't avoid dealing with GRC, but you can make the most of it with a little help from SAP GRC For Dummies.

Financial Modeling in Excel For Dummies

Author: Danielle Stein Fairhurst

Publisher: John Wiley & Sons

ISBN: 111935756X

Category: Business & Economics

Page: 336

View: 7538

Make informed business decisions with the beginner's guide to financial modeling using Microsoft Excel Financial Modeling in Excel For Dummies is your comprehensive guide to learning how to create informative, enlightening financial models today. Not a math whiz or an Excel power-user? No problem! All you need is a basic understanding of Excel to start building simple models with practical hands-on exercises and before you know it, you'll be modeling your way to optimized profits for your business in no time. Excel is powerful, user-friendly, and is most likely already installed on your computer—which is why it has so readily become the most popular financial modeling software. This book shows you how to harness Excel's capabilities to determine profitability, develop budgetary projections, model depreciation, project costs, value assets and more. You'll learn the fundamental best practices and know-how of financial modeling, and how to put them to work for your business and your clients. You'll learn the tools and techniques that bring insight out of the numbers, and make better business decisions based on quantitative evidence. You'll discover that financial modeling is an invaluable resource for your business, and you'll wonder why you've waited this long to learn how! Companies around the world use financial modeling for decision making, to steer strategy, and to develop solutions. This book walks you through the process with clear, expert guidance that assumes little prior knowledge. Learn the six crucial rules to follow when building a successful financial model Discover how to review and edit an inherited financial model and align it with your business and financial strategy Solve client problems, identify market projections, and develop business strategies based on scenario analysis Create valuable customized templates models that can become a source of competitive advantage From multinational corporations to the mom-and-pop corner store, there isn't a business around that wouldn't benefit from financial modeling. No need to buy expensive specialized software—the tools you need are right there in Excel. Financial Modeling in Excel For Dummies gets you up to speed quickly so you can start reaping the benefits today!