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Description of Financial Risk Manager Handbook

An essential reference for financial risk management

Risk professionals looking to earn the Financial Risk Management (FRM®) certification, corporate training programs, professors, and graduate students all rely on the Financial Risk Manager Handbook for the most comprehensive and up–to–date information on risk management.

Filled with in–depth insight and practical advice, the Financial Risk Manager Handbook is the core text for risk management training programs worldwide. Presented in a clear and consistent fashion, this completely updated Third Edition—which now comes with an interactive CD–ROM containing hundreds of multiple choice questions from previous FRM exams—is one of the best ways to prepare for the Financial Risk Manager (FRM) exam.

Financial Risk Manager Handbook, Third Edition supports candidates studying for the Global Association of Risk Professional′s (GARP) annual FRM exam and prepares you to assess and control risk in today′s rapidly changing financial world. Authored by renowned risk–management expert Philippe Jorion—with the full support of GARP—this definitive guide summarizes the core body of knowledge for financial risk managers, covering such topics as:

• Quantitative methods


• Capital markets


• Credit, operational, market, and integrated risk management


• Investment management and hedge fund risk


• Relevant regulatory, legal, and accounting issues essential to risk professionals

The FRM is recognized as the world′s most prestigious global certification program—created to measure a financial risk manager′s capabilities. Since the FRM exam is an essential requirement for risk managers around the world, the Financial Risk Manager Handbook, Third Edition focuses on practical risk management techniques and solutions that are emphasized on the test—and are also essential in the real world. Questions from previous exams are explained through tutorials so that you may prepare yourself or your employees for this comprehensive exam and for the risk management challenges you will undoubtedly face at some point in your career.

Title Information

ISBN:

9780471706298

Pages:

768 pages

Format:

Paperback

Product Code:

21222

Publisher:

John Wiley & Sons Ltd

Published:

10/06/2005

Edition:

3rd Edition

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About Philippe Jorion and GARP (Global Association of Risk Professionals)

PHILIPPE JORION is Professor of Finance at the Graduate School of Management at the University of California at Irvine. He holds an MBA and a PhD from the University of Chicago and a degree in engineering from the University of Brussels. Dr. Jorion has authored more than eighty publications—directed towards academics and practitioners—on the topic of risk management and international finance. He is Editor of the Journal of Risk and is on the editorial board of a number of other financial journals. He has won the Smith Breeden Prize for research, the William F. Sharpe Award for Scholarship in Financial Research, and the Graham and Dodd Scroll Award. He has written the first and second editions of Financial Risk Manager Handbook, as well as Financial Risk Management: Domestic and International Dimensions; Big Bets Gone Bad: Derivatives and Bankruptcy in Orange County; and Value at Risk: The New Benchmark for Managing Financial Risk.

Contents of Financial Risk Manager Handbook

Preface
Introduction

Part I: Quantitative Analysis

1. Bond Fundamentals

2. Fundamentals of Probability

3. Fundamentals of Statistics

4. Monte Carlo Methods

5. Introduction to Derivatives

6. Options

7. Fixed-Income Securities

8. Fixed-Income Derivatives

9. Equity Markets

10. Currencies and Commodities Markets


Part III: Market Risk Management

11. Introduction to Market Risk Measurement

12. Identification of Risk Factors

13. Sources of Risk

14. Hedging Linear Risk

15. Nonlinear Risk: Options

16. Modeling Risk Factors

17. VAR Methods


Part IV: Credit Risk Management

18. Introduction to Credit Risk

19. Measuring Actuarial Default Risk

20. Measuring Default Risk from Market Prices

21. Credit Exposure

22. Credit Derivatives

23. Managing Credit Risk

24. Operational Risk

25. Risk Capital and RAROC

26. Best Practices Reports

27. Firmwide Risk Management

28. Legal Issues

29. Accounting and Tax Issues


Part VII: Regulation and Compliance

30. Regulation of Financial Institutions

31. The Basel Accord

32. The Basel Market Risk Charges

Index