- Shopping Bag ( 0 items )
Want a NOOK? Explore Now
A concise and and easy to follow introduction to financial risk management
This basic survey text offers an accessible introduction to financial risk management, covered in its major components: credit, market, operational, liquidity, legal, and reputational, along with user-friendly processes and tools to conduct your own risk assessments and risk alignments. While there are some mathematical concepts included, these are kept at levels everyone will find easy to grasp.
This book offers a good basic understanding of the major areas of risk exposure that all organizations, both public and private, face in operating in today's complex global marketplace. It provides insights into best practices and next generation techniques for readers entering government, not-for-profit, business, and IT positions in which risk management will play an ever expanding role.
Acknowledgements.
Chapter 1 Introduction to Risk Management.
Definition of Risk and Financial Risk Management.
Gambling, Investment Risk, Chance, and Probability.
Enterprise and Systemic Risk.
Relationship between the Governance, Risk, and Compliance (GRC).
Risk Management and Internal Controls.
Risk Management in Corporations.
Evolution of Risk Management.
Ethical and Moral Foundations to Risk Management.
Summary.
Notes.
Chapter 2 Risk Frameworks and Standards.
COSO.
COSO for Small Public Companies.
Enterprise Risk Management (COSO II).
ISO 31000 and ISO 31010.
COBIT, ITIL, and NIST.
Extensible Business Reporting Language (XBRL).
Basel II for Banks and Solvency II for Insurers.
Risk Management Certifications and Associations.
Summary.
Notes.
Chapter 3 Conducting Your Own Risk Assessment and Alignment.
Determining Risk Appetite.
Conducting Risk Assessments.
Risk Analysis.
Qualitative, Semi Qualitative, and Quantitative Risk Analysis.
Controls Assessment.
Consequences and Probability Analysis.
Post-Assessment Activities.
Summary.
Notes.
Chapter 4 Six Sigma in Risk Assessments.
Six Sigma.
DMAIC and PPI in Risk Management Projects.
Voice of the Customer (VOC).
Summary.
Notes.
Chapter 5 Operational Risk.
Categories of Operational Risk.
Strategic and Holistic Approach to Operational Risk.
Qualitative Tools.
Quantitative Tools.
Summary.
Chapter 6 Legal Risk.
Legal Discovery.
Federal Rules of Civil Procedure - December 2006.
Legal Risk Case Law Examples.
Legal Risk Mitigation Techniques.
Summary.
Notes.
Chapter 7 Financial Crimes (Fraud and Corruption).
Principle-Agent Problem in Fraud.
Corruption.
Anti Corruption and Bribery Laws and Standards.
Know Your Customer (KYC).
Anti Money Laundering (AML).
Whistleblowers.
Summary.
NOTES.
Chapter 8 Internal Control Risks (US and International SOX).
Regulations over Internal Controls.
U.S. Auditing Standards over Internal Controls.
International Auditing Standards over Internal Controls.
Internal Controls.
Access Controls and Segregation of Duties.
Summary.
NOTES.
Chapter 9 Environmental and Product Risks – Sustainability.
Sustainability.
Sustainability in Financial Reporting.
Emissions Trading (Cap and Trade).
Restriction of Hazardous Substances Directive (RoHS).
Waste Electrical and Electronic Equipment (WEEE) Directive.
Registration, Evaluation, Authorization, and restriction of Chemicals.
EC Battery Directive – 2006/66/EC.
Summary.
Notes.
Chapter 10 Data Governance and Risk.
Data Governance Assessment.
Data Governance Council or Center of Excellence.
Data Analytics – Business Intelligence.
Data and Text Mining.
Summary.
Notes.
Chapter 11 Market Risk – From Value-at-Risk to Black Swans.
Measuring Market Risk with Value at Risk.
Three Methods of Calculating Value-at-Risk.
Criticism of Value at Risk.
Black Swans.
Summary.
Notes.
Chapter 12 Volatility, Risk Aversion, and Portfolio Management.
Volatility, Risk Aversion, and Utility.
Portfolio Management.
Alpha.
Beta.
Models Used in Portfolio Management.
Modern Portfolio Theory (MPT).
Summary.
Notes.
Chapter 13 Credit Risk.
Basic Components of and Factors in Credit Risk.
Basel II's Treatment of Credit Risk.
Basel II's Standardized Approach.
Basel II's Internal Ratings Based Approach.
Ratings and Scoring in Credit Risk.
Sovereign Risk.
Foreign Exchange Risk.
Summary.
Notes.
Chapter 14 Corporate Governance and Compensation.
Avoid Chief Executive Officer and Chairman of the Board Duality.
Create a Board-Level Risk Committee.
Increase Board Diversity.
Reform Executive Compensation.
Summary.
Notes.
Chapter 15 Faith-Based Risk Management – Shariah.
Shariah Basics.
Islamic Finance.
Islamic (Faith-Based) Investments.
Summary.
Notes.
Chapter 16 Reputational Risk.
Reputational Risk Management by Corporate Boards.
Reputation Monitoring Technology and Services.
The Relationship between Operational and Reputational Risk.
Summary.
Notes.
Appendix Risk and Compliance Organizations.
Overview
A concise and and easy to follow introduction to financial risk management
This basic survey text offers an accessible introduction to financial risk management, covered in its major components: credit, market, operational, liquidity, legal, and reputational, along with user-friendly processes and tools to conduct your own risk assessments and risk alignments. While there are some mathematical concepts included, these are kept at levels ...