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Essentials of Risk Management in Finance

Essentials of Risk Management in Finance

Anthony Tarantino, Deborah Cernauskas (With)

ISBN: 978-1-118-38701-6 March 2012 224 Pages


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.

  • Provides a comprehensive overview of financial risk management, including credit, market, operational, liquidity, legal, and reputational risk areas
  • Discusses the latest trends and next generation techniques emerging in financial risk management
  • Provides risk assessment and risk alignment tools and examples

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.



1 Introduction to Risk Management.

2 Risk Frameworks and Standards.

3 Conducting Your Own Risk Assessment and Alignment.

4 Six Sigma in Risk Assessments.

5 Operational Risk.

6 Legal Risk.

7 Financial Crimes—Fraud and Corruption.

8 Internal Control Risks.

9 Environmental and Product Risks—Sustainability.

10 Data Governance and Risk.

11 Market Risk—From Value at Risk to Black Swans.

12 Volatility, Risk Aversion, and Portfolio Management.

13 Credit Risk.

14 Corporate Governance and Compensation.

15 Faith-Based Risk Management—Shariah.

16 Reputational Risk.

17 Liquidity and Solvency: Enterprise-Ending Risks.

Appendix: Links to Risk and Compliance Organizations, Standards, and Frameworks.