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Risk Management in Finance: Six Sigma and Other Next-Generation Techniques

Risk Management in Finance: Six Sigma and Other Next-Generation Techniques

Anthony Tarantino, Deborah Cernauskas

ISBN: 978-0-470-48525-5

Apr 2009

320 pages

Select type: E-Book

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Description

Implement next-generation techniques-before disaster strikes—and improve operation risk management

"The recent global economic crisis has brought home the need for realistic operational risk management as an important element of an organization's survival strategy in turbulent times. In Risk Management in Finance Dr. Tarantino and his coauthors provide an operational risk framework for the twenty-first-century organization by culling the state-of-the-arts knowledge on next-generation techniques in financial risk management to forestall major risk management failures. This book represents a landmark contribution in attempting to create a corporate world that is able to cope with major crisis. The book should be on the must read list for all those interested in reforming corporate governance."
Dr. Anwar Shah, Lead Economist and Program Leader, Governance, World Bank Institute

"As operational risk management advances, interest in process-centered risk management has grown. This timely book presents a valuable overview of leading-edge theory and practice."
Simon Wills, Executive Director, Operational Riskdata eXchange Association (ORX), the world's largest banking association for sharing operational loss data

Preface.

Acknowledgments.

About the Contributors.

CHAPTER 1: Introduction.

CHAPTER 2: Data Governance in Financial Risk Management.

CHAPTER 3: Information Risk and Data Quality Management.

CHAPTER 4: Total Quality Management Using Lean Six Sigma.

CHAPTER 5: Reducing Risk to Financial Operations through Information Technology and Infrastructure Risk Management.

CHAPTER 6: An Operational Risk Management Framework for All Organizations.

CHAPTER 7: Financial Risk Management in Asia.

CHAPTER 8: Doing Business in Latin America: Lessons Learned and Best Practices for the Protection of Foreign Investors.

CHAPTER 9: Mitigating Risk Exposure in Transitioning to the IFRS.

CHAPTER 10: Quantitative Operational Risk Management Methods.

CHAPTER 11: Statistical Process Control Integrated with Engineering Process Control.

CHAPTER 12: Business Process Management and Lean Six Sigma: A Next-Generation Technique to Improve Financial Risk Management.

CHAPTER 13: Bayesian Networks for Root Cause Analysis.

CHAPTER 14: Analytics: Secrets to Deriving Business Value and Insights out of Information.

CHAPTER 15: Embedded Predictive Analytics: Transforming Risk Management from Review Function to Competitive Advantage.

CHAPTER 16: Reducing the Financial Risks in Litigation and Legal Discovery.

CHAPTER 17: The Circle of Trust.

CHAPTER 18: Reducing Liability Risk through Best Environmental Practices.

CHAPTER 19: Beyond Segregation of Duties: Next-Generation Techniques in Evaluating User Access Control Risks.

CHAPTER 20: Transaction-Based Cross-Enterprise Risk Management.

CHAPTER 21: Throughput Accounting.

CHAPTER 22: Environmental Consistency Confidence: Scientific Method in Financial Risk Management.

CHAPTER 23: Quality in the Front Office: Reducing Process Variation in Trading Firms.

CHAPTER 24: The Root Cause of the Global Financial Crisis and Corporate Board Reforms to Prevent Future Failures in Risk Management.

Conclusion.

Notes.

Index.

"I would recommend this volume for firms with active plaintiff or defendant practices in the financil servies industry and for academic law librarie with a heavy curricular emphasis on corporate law." (Legal Information Alert, Vol 29, No 4)