Quantitative Risk Management
and
A Practical Guide to Risk Management
by Thomas S. Coleman
These major new books on modern risk management deliver a synthesis of common-sense management together with the cutting-edge tools of modern theory.
Quantitative Risk Management
Published by Wiley in April 2012, this book presents a road map for tactical and strategic decision-making designed to control risk and capitalize on opportunities, covering the techniques and tools used to measure and monitor risk. These techniques and tools are often mathematical and specialized, but the ideas are simple. The book starts with how we think about risk and uncertainty, then turns to a practical explanation of how risk is measured in today's complex financial markets.
- Covers everything from risk measures, probability, and regulatory issues to portfolio risk analytics and reporting
- Includes interactive graphs and computer code for portfolio risk and analytics
- Explains why tactical and strategic decisions must be made at every level of the firm and portfolio
This volume, in common with the CFA monograph below, focuses on how to think about risk, but also includes the technical material necessary to actually measure risk.
Providing the models, tools, and techniques firms need to build the best risk management practices, Quantitative Risk Management is an essential volume from an experienced manager and quantitative analyst.
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.