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Managing Financial Risk and Its Interaction with Enterprise Risk Management

ISBN: 978-1-118-00648-1

December 2010

21 pages

Description

Enterprise Risk Management

The Robert W. Kolb Series in Finance is an unparalleled source of information dedicated to the most important issues in modern finance. Each book focuses on a specific topic in the field of finance and contains contributed chapters from both respected academics and experienced financial professionals. As part of the Robert W. Kolb Series in Finance, Enterprise Risk Management introduces you to the essential concepts and techniques associated with this dynamic field. It provides a blend of academic and practical experience in order to educate both professionals and students alike.

Filled with in-depth insights and expert advice, this reliable resource offers holistic coverage of ERM and, in the process, addresses the what, why, and how of ERM to assist firms with its successful implementation.

Divided into six comprehensive parts, Enterprise Risk Management:

  • Offers a broad overview of risk tolerance, risk profiles, and allocation of resources

  • Provides a thorough introduction to ERM as it relates to credit, market, and operational risk

  • Examines the evolving requirements of the rating agencies and their importance to overall risk management in a corporate setting

  • Discusses the drivers, techniques, and benefits involved in successfully implementing enterprise risk management

  • And much more

With this book as your guide, you'll gain a firm understanding of the issues surrounding ERM and what it will take to make it work for you.

About the Author

John Fraser is the Vice President, Internal Audit, and Chief Risk Officer of Hydro One Networks Inc. He is an Ontario and Canadian Chartered Accountant, a Fellow of the Association of Chartered Certified Accountants (U.K.), a Certified Internal Auditor, and a Certified Information Systems Auditor. Fraser has more than 30 years' experience in the risk and control field, mostly in the financial services sector. He is currently the Chair of the Advisory Committee of the Conference Board of Canada's Strategic Risk Council and a Practitioner Associate Editor of the Journal of Applied Finance.

Betty J. Simkins, PhD, is the Williams Companies Professor of Business and Professor of Finance at Oklahoma State University. She has published more than 40 journal articles and book chapters. Many of these articles are on the topics of risk management and enterprise risk management. Simkins is also active in the finance profession and currently serves on the board of directors for the Financial Management Association, as co-editor of the Journal of Applied Finance, as Executive Editor of FMA Online, and as past president of the Eastern Finance Association. Prior to entering academia, she worked for ConocoPhillips and Williams Companies.