{"product_id":"quantitative-risk-management-website-isbn-9781118026588","title":"Quantitative Risk Management, + Website","description":"\u003cb\u003eState of the art risk management techniques and practices—supplemented with interactive analytics\u003c\/b\u003e  \u003cp\u003eAll too often risk management books focus on risk measurement details without taking a broader view. \u003ci\u003eQuantitative Risk Management\u003c\/i\u003e delivers a synthesis of common sense management together with the cutting-edge tools of modern theory. This book presents a road map for tactical and strategic decision making designed to control risk and capitalize on opportunities. Most provocatively it 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.\u003c\/p\u003e \u003cp\u003eA guide to risk management for financial firms and managers in the post-crisis world, \u003ci\u003eQuantitative Risk Management\u003c\/i\u003e updates the techniques and tools used to measure and monitor risk. These 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.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eCovers everything from risk measures, probability, and regulatory issues to portfolio risk analytics and reporting\u003c\/li\u003e \u003cli\u003eIncludes interactive graphs and computer code for portfolio risk and analytics\u003c\/li\u003e \u003cli\u003eExplains why tactical and strategic decisions must be made at every level of the firm and portfolio\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eProviding the models, tools, and techniques firms need to build the best risk management practices, \u003ci\u003eQuantitative Risk Management\u003c\/i\u003e is an essential volume from an experienced manager and quantitative analyst.\u003c\/p\u003e \u003cp\u003eForeword ix\u003c\/p\u003e \u003cp\u003ePreface xiii\u003c\/p\u003e \u003cp\u003eAcknowledgments xvii\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART ONE Managing Risk 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCHAPTER 1 Risk Management versus Risk Measurement 3\u003c\/p\u003e \u003cp\u003eCHAPTER 2 Risk, Uncertainty, Probability, and Luck 15\u003c\/p\u003e \u003cp\u003eCHAPTER 3 Managing Risk 67\u003c\/p\u003e \u003cp\u003eCHAPTER 4 Financial Risk Events 101\u003c\/p\u003e \u003cp\u003eCHAPTER 5 Practical Risk Techniques 137\u003c\/p\u003e \u003cp\u003eCHAPTER 6 Uses and Limitations of Quantitative Techniques 169\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART TWO Measuring Risk 173\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCHAPTER 7 Introduction to Quantitative Risk Measurement 175\u003c\/p\u003e \u003cp\u003eCHAPTER 8 Risk and Summary Measures: Volatility and VaR 187\u003c\/p\u003e \u003cp\u003eCHAPTER 9 Using Volatility and VaR 269\u003c\/p\u003e \u003cp\u003eCHAPTER 10 Portfolio Risk Analytics and Reporting 311\u003c\/p\u003e \u003cp\u003eCHAPTER 11 Credit Risk 377\u003c\/p\u003e \u003cp\u003eCHAPTER 12 Liquidity and Operational Risk 481\u003c\/p\u003e \u003cp\u003eCHAPTER 13 Conclusion 529\u003c\/p\u003e \u003cp\u003eAbout the Companion Web Site 531\u003c\/p\u003e \u003cp\u003eReferences 533\u003c\/p\u003e \u003cp\u003eAbout the Author 539\u003c\/p\u003e \u003cp\u003eIndex 541\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eTHOMAS S. COLEMAN\u003c\/b\u003e has worked in the finance industry for more than twenty years and has considerable experience in trading, risk management, and quantitative modeling. Mr. Coleman currently manages a risk advisory consulting firm. He is the author, together with Roger Ibbotson and Larry Fisher, of \u003ci\u003eHistorical U.S. Treasury Yield Curves\u003c\/i\u003e.   \u003c\/p\u003e\u003cp\u003eRisk is at the core of any financial business. \u003ci\u003eQuantitative Risk Management\u003c\/i\u003e introduces the technical and managerial tools you need to assess and respond to risk. This comprehensive volume puts risk management in the hands of those on the front lines responsible for managing firms and their profits, and also provides readers access to a website that offers practical guidance for using the techniques discussed in the text.\u003c\/p\u003e \u003cp\u003eIn recent years, risk tools and techniques have grown increasingly mathematical and technical. Yet risk management is much more than just numbers and must be placed in the context of the broader goals of managing people, processes, and institutions. Author and risk expert Thomas Coleman reconciles the mathematical and managerial elements of the field in a way that all financial professionals can understand.\u003c\/p\u003e \u003cp\u003eUnderstanding risk requires thinking carefully about uncertainty. Unfortunately, as humans we are often bad at doing so. Coleman introduces basic concepts in probability, focusing particularly on paradoxes and conundrums that highlight the errors and fallacies we can easily fall into in order to point you towards a deeper appreciation of how to think about, and manage, uncertainty.\u003c\/p\u003e \u003cp\u003eOf course, risk management requires knowledge and appreciation of technical tools. This book details the techniques and formulas used to calculate risk, covering both fundamentals and advanced topics in a clear, accessible way. Coleman introduces and explains quantitative tools including volatility, VaR, contribution to risk, best hedges, and many others.\u003c\/p\u003e \u003cp\u003eBeyond the numbers, Coleman takes you through issues such as managing people, data and IT, and infrastructure. In the end, risk management is about building a culture and organization that can respond to risk and withstand unanticipated events.\u003c\/p\u003e \u003cp\u003eInnovative, wide-ranging in scope, and bringing the essentials of managing risk to life, \u003ci\u003eQuantitative Risk Management\u003c\/i\u003e uniquely combines the models, tools, and techniques that anyone working in the financial field must understand to build better, safer risk management practices.\u003c\/p\u003e  \u003cp\u003eRisk is at the core of any financial business. \u003ci\u003eQuantitative Risk Management\u003c\/i\u003e introduces the technical and managerial tools you need to assess and respond to risk. This comprehensive volume puts risk management in the hands of those on the front lines responsible for managing firms and their profits, and also provides readers access to a website that offers practical guidance for using the techniques discussed in the text. \u003c\/p\u003e\u003cp\u003eIn recent years, risk tools and techniques have grown increasingly mathematical and technical. Yet risk management is much more than just numbers and must be placed in the context of the broader goals of managing people, processes, and institutions. Author and risk expert Thomas Coleman reconciles the mathematical and managerial elements of the field in a way that all financial professionals can understand. \u003c\/p\u003e\u003cp\u003eUnderstanding risk requires thinking carefully about uncertainty. Unfortunately, as humans we are often bad at doing so. Coleman introduces basic concepts in probability, focusing particularly on paradoxes and conundrums that highlight the errors and fallacies we can easily fall into in order to point you towards a deeper appreciation of how to think about, and manage, uncertainty. \u003c\/p\u003e\u003cp\u003eOf course, risk management requires knowledge and appreciation of technical tools. This book details the techniques and formulas used to calculate risk, covering both fundamentals and advanced topics in a clear, accessible way. Coleman introduces and explains quantitative tools including volatility, VaR, contribution to risk, best hedges, and many others. \u003c\/p\u003e\u003cp\u003eBeyond the numbers, Coleman takes you through issues such as managing people, data and IT, and infrastructure. In the end, risk management is about building a culture and organization that can respond to risk and withstand unanticipated events. \u003c\/p\u003e\u003cp\u003eInnovative, wide-ranging in scope, and bringing the essentials of managing risk to life, \u003ci\u003eQuantitative Risk Management\u003c\/i\u003e uniquely combines the models, tools, and techniques that anyone working in the financial field must understand to build better, safer risk management practices.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989897199845,"sku":"NP9781118026588","price":100.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781118026588.jpg?v=1761785833","url":"https:\/\/k12savings.com\/es\/products\/quantitative-risk-management-website-isbn-9781118026588","provider":"K12savings","version":"1.0","type":"link"}