Applied Risk Management as a Science and an Art

Up-and-coming risk management practitioners need a new framework—and so does everyone else. After 2008, we understand the limitations of lopsidedly quantitative risk analysis in excruciating detail. A Risk Professional's Survival Guide takes a more balanced tack. Complex equations are no substitute for judgment and experience, and knowing how to use the right equations at the right time is invaluable.

A Risk Professional's Survival Guide is appropriate for readers with technical backgrounds as well as general or executive readers. It follows the risk management story of SifiBank, a fictional, too-big-to-fail financial institution that is rethinking risk on the heels of a significant bailout. Using synthetic data, including SifiBank's detailed balance sheets, you'll be able to work through realistic problems and see how the results ripple throughout the business.

For those who want to get their hands dirty, Excel/VBA workbooks are available as an interactive add-on. Chapter overviews and summaries will be of interest to executives and practitioners in need of a desk reference. A Risk Professional's Survival Guide is a must read whether you are a risk professional or executive.