A Practical Guide to Risk Management

Published by the Research Foundation of the CFA Institute in July 2011, this monograph challenges the conventional wisdom that “risk management” is or ever should be delegated to a separate department. Good managers have always known that managing risk is central to a financial firm and must be the responsibility of anyone who contributes to the profit of the firm.

This book serves as a guide to risk management for financial firms and managers. Without the technical sections of the Wiley book above, it focuses on how to think about risk while minimizing the technical content.

This book is available for free download with links here.

About Thomas Coleman

Thomas S. Coleman is Senior Advisor at the Becker Friedman Institute for Research in Economics and Adjunct Professor of Finance at the Booth School of Business at the University of Chicago. Prior to returning to academia, Mr. Coleman worked in the finance industry for more than twenty years with considerable experience in trading, risk management, and quantitative modeling. Mr. Coleman earned a PhD in economics from the University of Chicago and a BA in physics from Harvard College.
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2 Responses to A Practical Guide to Risk Management

  1. Matthew Brown says:

    I have found recently that there are far more many ARM CHAIR experts when I have conducted my seminars. In order to tackle the issues of 2014 & beyond there needs to be an open mind together with the elimination of any paradigms that would otherwise hinder ongoing progress. Too Many people are looking for the quick solutions at a reduced cost, when a simple benchmark of performance mapped against industry best practices will suffice as an initial step towards better risk management practices.

  2. Matthew Brown says:

    Something to ponder . . . . .

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