Global Risk Guard. Resources for Risk Professionals

Books

Books
GRG

Probability Methods for Cost Uncertainty Analysis : A Systems Engineering Perspective

[ReviewAZON asin=”0824789660″]A careful blend of theory and practice, this book presents a comprehensive approach to assessing the impact of unplanned events on the cost of engineering complex systems. It illustrates how probability theory is applied to model, measure, and manage risk in the cost of a systems engineering project. The book contains numerous mathematical and professional anecdotes, case studies, results, observations, and interpretations that clarify the challenges in cost risk analysis. It includes references, equations, and illustrations, provides theoretical and applied exercises, and uses examples and case discussions derived from systems engineering projects to describe key concepts.[/ReviewAZON]

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GRG

Introduction to Risk Analysis: A Systematic Approach to Science-Based Decision Making

[ReviewAZON asin=”0865876967″]Written for safety and loss-control, environmental, and quality managers, this is the first comprehensive, integrated guide to developing a complete environmental risk analysis for regulated substances and processes. Unlike other books, Introduction to Risk Analysis looks at risk from a regulatory perspective, allowing both professionals in regulatory agencies concerned with risk_including OSHA, EPA, USDA, DOT, FDA, and state environmental agencies_and professionals in any agency-regulated industry to understand and implement the methods required for proper risk assessment.[/ReviewAZON]

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Books
GRG

Value at Risk, 3rd Ed.: The New Benchmark for Managing Financial Risk

[ReviewAZON asin=”0071464956″]

Since its original publication, Value at Risk has become the industry standard in risk management. Now in its Third Edition, this international bestseller addresses the fundamental changes in the field that have occurred across the globe in recent years. Philippe Jorion provides the most current information needed to understand and implement VAR-as well as manage newer dimensions of financial risk. Featured updates include:

  • An increased emphasis on operational risk
  • Using VAR for integrated risk management and to measure economic capital
  • Applications of VAR to risk budgeting in investment management
  • Discussion of new risk-management techniques, including extreme value theory, principal components, and copulas
  • Extensive coverage of the recently finalized Basel II capital adequacy rules for commercial banks, integrated throughout the book

    A major new feature of the Third Edition is the addition of short questions and exercises at the end of each chapter, making it even easier to check progress. Detailed answers are posted on the companion web site www.pjorion.com/var/. The web site contains other materials, including additional questions that course instructors can assign to their students.

    Jorion leaves no stone unturned, addressing the building blocks of VAR from computing and backtesting models to forecasting risk and correlations. He outlines the use of VAR to measure and control risk for trading, for investment management, and for enterprise-wide risk management. He also points out key pitfalls to watch out for in risk-management systems.

    The value-at-risk approach continues to improve worldwide standards for managing numerous types of risk. Now more than ever, professionals can depend on Value at Risk for comprehensive, authoritative counsel on VAR, its application, and its results-and to keep ahead of the curve.

    [/ReviewAZON]

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    Operational Risk: Practical Approaches to Implementation

    [ReviewAZON asin=”1904339468″]Topical, innovative and highly practical, this authoritative new resource from Risk Books will help you successfully develop and enhance the operational risk function in your firm.

    Highly practical focus explains operational risk regulatory matters and specifically aids you with the practical implementation of an operational risk programme in your organisation.

    Provides easy access to the very latest thinking on Operational risk from the biggest names in the field including: Marco Moscadelli, Marcus Haas, Thomas Kaiser and Maurits Bakker.

    Collates the latest, most influential and ground-breaking work recently published in, among others, Operational Risk magazine.

    Makes it easy for first-timers to implement a regulatory compliance framework by providing an essential route-map that clearly shows you how to do this effectively and efficiently.

    Split into 4 easy access sections:

    1) Loss data collection and modelling – offers a range of novel, practical approaches to solve the notoriously complex challenges associated with the collection and modelling of internal and external loss data.
    2) Alternative measurement strategies – with detailed guidance on key risk indicators and scenario testing among other alternative tools, this section offers highly practical solutions informed by ‘real life’ situations.
    3) Conceptualising operational risk management – all about turning operational risk measurement into action – this section will help you conceptualise your op risk approach and outline an effective implementation strategy.
    4) Mitigation strategies – the ultimate goal of most operational risk strategies, here you will find a range of invaluable case-studies to provide a definitive assessment of the growing mitigation techniques available.[/ReviewAZON]

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    GRG

    Operational Risk Modelling and Analysis: Theory and Practice

    [ReviewAZON asin=”1904339344″]The definitive journey into operational risk – this new multi-contributor title will guide you with the identification, modelling, implementation, analysis and integration of operational risk into your overall risk management framework.

    Enables you to make more informed decisions on how to identify and avoid the potential risks as well as fully understand the acceptable risks on a cost-benefit basis.

    Divided under three main sections: 1. Database Modelling, Regulatory and Technical Issues; 2. Risk Modelling and Measurement; 3. Case Studies of Implementation of Operational Risk Projects in Large Financial Institutions.

    Highlights integral issues such as how to spot the links between indicators of operational risk and the potential losses.

    Examines the tensions inherent in the nature of operational risk at both quantitative and qualitative levels.

    Outlines the practical day-to-day issues and illustrates workable methodologies with examples, case studies and cutting-edge analysis.

    Provides an even mix of both the progressive and in-depth research taking place in academic institutions as well as the actual practical implementation issues.

    Provides the tools to cope with differing and complex situations within operational risk.

    Edited by Marcelo Cruz, a world-renowned leading expert on operational risk modelling and measurement.[/ReviewAZON]

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