{"product_id":"rogues-of-wall-street-isbn-9781119380146","title":"Rogues of Wall Street","description":"\u003cb\u003eReduce or prevent risk failure losses with new and emerging technologies\u003c\/b\u003e \u003cp\u003e\u003ci\u003eRogues of Wall Street\u003c\/i\u003e analyzes the recent risk failures and errors that have overwhelmed Wall Street for the past decade. Written by a veteran risk, compliance, and governance specialist, this book helps bank leaders and consultants identify the tools they need to effectively manage operational risk. Citing different types of risk events such as: Rogue and Insider Trading, cyber security, AML, the Mortgage Crisis, and other major events, chapters in the first half of the book detail each operational risk type along with its causative and contributing factors. The second half of the book takes an overarching approach to the tools and solutions available to financial institutions to manage such events in the future. From technology, to culture, to governance, and more, this book does more than simply identify the problem—it provides real-world solutions with actionable insight.\u003c\/p\u003e \u003cp\u003eExpert discussion identifies the tools financial institutions have at their disposal, and how these tools can be leveraged to create an environment in which catastrophic events are prevented or mitigated. In-depth insight from an industry specialist provides thought-provoking guidance for leaders seeking more effective risk management, and specifically addresses how to:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eAnalyze major operational risk incidents and their underlying causes\u003c\/li\u003e \u003cli\u003eInvestigate the tools that allow organizations to prevent and mitigate catastrophic events\u003c\/li\u003e \u003cli\u003eLearn how culture and governance can be optimized to support effective risk management\u003c\/li\u003e \u003cli\u003eIdentify ways in which cognitive technologies could help your firm avoid losses\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eCognitive technologies have the potential to revolutionize the way business is done; eliminating the speed\/cost\/quality trade-off, these new and emerging tools are heralding the next leap in the evolution of risk management. \u003ci\u003eRogues of \u003c\/i\u003e\u003ci\u003eWall Street\u003c\/i\u003e shows you how bring these tools into your organization, and how they can contribute to your financial success.\u003c\/p\u003e \u003cp\u003eIntroduction: A Risky Business ix\u003c\/p\u003e \u003cp\u003eAcknowledgments xvii\u003c\/p\u003e \u003cp\u003eAbout the Author xix\u003c\/p\u003e \u003cp\u003e1 The Historical Context 1\u003c\/p\u003e \u003cp\u003e2 The Rogue Trader 7\u003c\/p\u003e \u003cp\u003e3 Genius Traders: Who They Are and How to Catch Them 19\u003c\/p\u003e \u003cp\u003e4 Insider Trading 27\u003c\/p\u003e \u003cp\u003e5 Price Manipulation Risk: The Big Unknown 37\u003c\/p\u003e \u003cp\u003e6 The Mortgage Mess 45\u003c\/p\u003e \u003cp\u003e7 Ponzi Schemes and Snake Oil Salesmen 53\u003c\/p\u003e \u003cp\u003e8 Rogue Computer 63\u003c\/p\u003e \u003cp\u003e9 Funding the Bad Guys—Winning the AML Battle 73\u003c\/p\u003e \u003cp\u003e10 Litigation and Big Data Risk 85\u003c\/p\u003e \u003cp\u003e11 Twitter Risk and Fake News Risk 91\u003c\/p\u003e \u003cp\u003e12 Spreadsheet Risk: Should We Ban Excel? 95\u003c\/p\u003e \u003cp\u003e13 Acts of God Risk 99\u003c\/p\u003e \u003cp\u003e14 Cybersecurity— The Threat from Outside and Inside the Firewall 101\u003c\/p\u003e \u003cp\u003e15 Turning the Tables on Risk 107\u003c\/p\u003e \u003cp\u003e16 Building the Right Culture: Values, Organization, and Culture 113\u003c\/p\u003e \u003cp\u003e17 The 360-Degree Risk Management Function 123\u003c\/p\u003e \u003cp\u003e18 What We Talk about When We Talk about Risk 137\u003c\/p\u003e \u003cp\u003e19 The Future Is Unknowable, the Present Burdensome; Only the Past Can Be Understood 147\u003c\/p\u003e \u003cp\u003e20 The New Tools of the Trade 159\u003c\/p\u003e \u003cp\u003e21 Cognitive Technologies 169\u003c\/p\u003e \u003cp\u003e22 The Role of Government and Regulators in Managing Risk 177\u003c\/p\u003e \u003cp\u003e23 Case Studies and Guiding Principles in Planning for Disaster 185\u003c\/p\u003e \u003cp\u003e24 The Risk Management Society and Its Friends 191\u003c\/p\u003e \u003cp\u003e25 Conclusion: Seven Traits for Successfully Managing Cognitive Risk 203\u003c\/p\u003e \u003cp\u003eIndex 207\u003c\/p\u003e   \u003cp\u003e\u003cb\u003eANDREW WAXMAN\u003c\/b\u003e is an associate partner in IBM's Financial Services Risk and Compliance consulting practice with over 20 years of experience, in the United States and the United Kingdom, helping financial services organizations manage complex business issues. Andrew has written on risk and banking issues in industry journals, such as \u003ci\u003eAmerican Banker\u003c\/i\u003e and \u003ci\u003eWall Street and Technology\u003c\/i\u003e, for many years.     \u003c\/p\u003e\u003cp\u003eThe last decade has seen the financial markets reshaped by innovations in technology and financial engineering as well as the resulting risk failures and errors of a changing industry. From rogue trading and price manipulation to Madoff, the mortgage crisis, and more, one thing is clear—the solutions to effective risk management depend on people acting lawfully and operating with timely, accurate data capable of highlighting emerging internal and external threats. \u003ci\u003eRogues of Wall Street\u003c\/i\u003e takes you inside the biggest operational risks threatening the banking industry today and prescribes a state-of-the-art approach to stopping them all and mitigating future events with cognitive technologies.  \u003c\/p\u003e\u003cp\u003eWritten by one of IBM's top thought leaders in financial strategy, Andrew Waxman, this immediately useful guidebook offers peerless access and insight into how experts on the cutting edge of risk management are efficaciously tackling and preventing the new hazards in banking. The first part of the book is an illuminating primer, leveraging only publicly available sources, to the high-profile catastrophes that shook investment houses and securities firms, including the major players, underlying factors, and ways to prevent similar events in the future. Next, it takes you through the most innovative tools and tactics now being used to guard against losses and reputational damage and demonstrates how you can use them to identify risky behaviors at your institution. No other single resource enables you to more quickly find and completely fortify your vulnerabilities by:  \u003c\/p\u003e\u003cul\u003e \u003cli\u003eUsing psychological insight and data analytics to create employee incentives and programs to drive improved outcomes and prevent risky behaviors\u003c\/li\u003e \u003cli\u003eApplying analytic cognitive technology to drastically heighten surveillance of trades and communications\u003c\/li\u003e \u003cli\u003eImplementing and sustaining a 360-degree risk culture with practical guidance from real-world examples and powerful tools\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003e\u003ci\u003eRogues of Wall Street\u003c\/i\u003e pulls back the curtain on the bad actors contributing to your operational risk and gives you the tools and know-how to develop a culture where they can't exist.    \u003c\/p\u003e\u003cp\u003e\u003cb\u003ePRAISE FOR ROGUES OF WALL STREET\u003c\/b\u003e  \u003c\/p\u003e\u003cp\u003e\"Andrew Waxman digs deep into some of the pitfalls of risk-taking, going beyond the financial crisis to provide a comprehensive look at threats faced by the modern banker.\"\u003cbr\u003e \u003cb\u003e—JOE ADLER,\u003c\/b\u003e Editor, BankThink Blog  \u003c\/p\u003e\u003cp\u003e\"Important and timely. Waxman shows how easily banks' defenses can be breached by skilled and resourceful rogues.\"\u003cbr\u003e \u003cb\u003e—BEN M\u003csmall\u003eC\u003c\/small\u003eLANNAHAN,\u003c\/b\u003e US Banking Editor, \u003ci\u003eFinancial Times\u003c\/i\u003e  \u003c\/p\u003e\u003cp\u003e\"Waxman's book is a thorough and expert assessment of the threats faced by risk managers on Wall Street today. His analysis also provides a very useful guide to how to prevent and avoid them in the future.\"\u003cbr\u003e \u003cb\u003e—SANNY MAKKI,\u003c\/b\u003e Vice President, IBM Global Business Services, Banking and Capital Markets  \u003c\/p\u003e\u003cp\u003e\u003cb\u003eFILL THE HOLES IN YOUR RISK MANAGEMENT STRATEGY WITH THE LATEST COGNITIVE TECHNOLOGIES\u003c\/b\u003e  \u003c\/p\u003e\u003cp\u003e\u003ci\u003eRogues of Wall Street\u003c\/i\u003e is the must-have guide for bank leaders and consultants who need the latest tools and techniques for managing operational risk in the complexities of today's digital processes and regulations. Banking institutions must protect themselves from a diverse variety of events putting their operations at risk, and this comprehensive resource offers high-level insight and on-the-ground solutions to collecting and analyzing the proper data to pick up on irregularities and promote a workplace culture that thrives on and rewards above-the-board ethics. This single resource enables you to:  \u003c\/p\u003e\u003cul\u003e \u003cli\u003eEnhance your real-world practice with relevant analysis of the most recent major operational risk incidents, including what caused them and how best to prevent them\u003c\/li\u003e \u003cli\u003eOptimize your institution's culture and governance to empower your risk management program\u003c\/li\u003e \u003cli\u003eSave time and money by understanding which cognitive technologies can be used to avoid losses and where to use them\u003c\/li\u003e \u003c\/ul\u003e  \u003cp\u003e\u003ci\u003eRogues of Wall Street\u003c\/i\u003e is your complete source for authoritative guidance and actionable advice.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989971189989,"sku":"NP9781119380146","price":49.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781119380146.jpg?v=1761786077","url":"https:\/\/k12savings.com\/es\/products\/rogues-of-wall-street-isbn-9781119380146","provider":"K12savings","version":"1.0","type":"link"}