Thomas Coleman is the author of two books on risk management.
A Practical Guide to Risk Management (Research Foundation of the CFA, 2011)
Published by the Research Foundation of the CFA Institute in July 2011 this book has grown into the most widely-distributed of their Monograph series. True to the title it discusses the practical side of risk management – how to think about risk and uncertainty in today’s financial world. 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. Without the technical sections of the Wiley book below, this monograph focuses on how to think about risk while minimizing the technical content.
Quantitative Risk Management (Wiley, 2012)
Published by Wiley in May 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 above, focuses on how to think about risk. But this volume 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.
Here is a detailed table-of-contents.
Downloads / Links
A Practical Guide to Risk Management is available for free download
Quantitative Risk Management is available for purchase:
- Barnes & Noble
- Wiley purchase page (for Amazon, Barnes and Noble, etc.)
- Wiley.com with book description
Pingback: What is the link between VIX and VaR? | Close Mountain Advisors
Pingback: Lamia Gurdleneck – “it’s what you do with the figures that matters” | Close Mountain Advisors