Financial Risk Manager Handbook (Wiley Finance) [Paperback]

Philippe Jorion (Author), GARP (Global Association of Risk Professionals) (Author)

Book Description

Series: Wiley Finance | Publication Date: May 4, 2009

The essential reference for financial risk management

Filled with in-depth insights and practical advice, the Financial Risk Manager Handbook is the core text for risk management training programs worldwide. Presented in a clear and consistent fashion, this completely updated Fifth Edition-which comes with an interactive CD-ROM containing hundreds of multiple-choice questions from previous FRM exams-is one of the best ways to prepare for the Financial Risk Manager (FRM) exam.

Financial Risk Manager Handbook, Fifth Edition supports candidates studying for the Global Association of Risk Professional's (GARP) annual FRM exam and prepares you to assess and control risk in today's rapidly changing financial world. Authored by renowned risk management expert Philippe Jorion-with the full support of GARP-this definitive guide summarizes the core body of knowledge for financial risk managers.

• Offers valuable insights on managing market, credit, operational, and liquidity risk
• Examines the importance of structured products, futures, options, and other derivative instruments
• Identifies regulatory and legal issues
• Addresses investment management and hedge fund risk

Financial Risk Manager Handbook is the most comprehensive guide on this subject, and will help you stay current on best practices in this evolving field. The FRM Handbook is the official reference book for GARP's FRM® certification program.

Note: CD-ROM/DVD and other supplementary materials are not included as part of eBook file.

Editorial Reviews

From the Back Cover

The essential reference for financial risk management

Risk professionals looking to earn the Financial Risk Manager (FRM®) certification, as well as corporate training programs, professors, and graduate students all rely on the Financial Risk Manager Handbook for the most comprehensive and up-to-date information on financial risk management.

Filled with in-depth insight and practical advice, the Financial Risk Manager Handbook is the core text for risk management training programs worldwide. Presented in a clear and consistent fashion, this completely updated Fifth Edition—which comes with an interactive CD-ROM containing hundreds of multiple—choice questions from previous FRM exams-is one of the best ways to prepare for the Financial Risk Manager (FRM) exam.

Financial Risk Manager Handbook, Fifth Edition supports candidates studying for the Global Association of Risk Professional's (GARP) FRM exam, the global benchmark examination for financial risk management professionals, and prepares you to assess and control risk in today's rapidly changing financial world. Authored by renowned risk management expert Philippe Jorion-with the full support of GARP—this definitive guide summarizes the core body of knowledge for financial risk managers, covering such topics as:

• Market, credit, operational, liquidity, and integrated risk management
• Quantitative methods
• Capital markets
• Investment management and hedge fund risk
• Relevant regulatory and legal issues essential to risk professionals

The FRM is recognized as the world's most prestigious global certification program—created to measure a financial risk manager's capabilities. Since the FRM exam is an essential requirement for risk managers around the world, the Financial Risk Manager Handbook, Fifth Edition focuses on practical financial risk management techniques and solutions that are emphasized on the test—and are also essential in the real world. Questions from previous exams are explained through tutorials so that you may prepare yourself or your employees for this comprehensive exam and for the risk management challenges you will undoubtedly face at some point in your career.

About the Author

Philippe Jorion is Professor of Finance at the Paul Merage School of Business at the University of California at Irvine. He has also taught at Columbia, Northwestern, the University of Chicago, and the University of British Columbia. He holds an MBA and a PhD from the University of Chicago and a degree in engineering from the University of Brussels. Dr. Jorion has authored more than ninety publications—directed towards academics and practitioners-on the topic of risk management and international finance. He is on the editorial board of a number of financial journals and was editor of the Journal of Risk. His work has received several prizes for research. Dr. Jorion has written the first four editions of Financial Risk Manager Handbook (Wiley), as well as Financial Risk Management: Domestic and International Dimensions; Big Bets Gone Bad: Derivatives and Bankruptcy in Orange County; and Value at Risk: The New Benchmark for Managing Financial Risk. He is also a managing director at Pacific Alternative Asset Management Company (PAAMCO), a global fund of hedge funds.

Product Details

• Paperback: 752 pages
• Publisher: Wiley; 5 edition (May 4, 2009)
• Language: English
• ISBN-10: 0470479612
• ISBN-13: 978-0470479612
• Product Dimensions: 10.8 x 8.4 x 1.7 inches
• Shipping Weight: 3.8 pounds
• Average Customer Review: 4.5 out of 5 stars  See all reviews (4 customer reviews)
• Amazon Best Sellers Rank: #407,991 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

3 of 3 people found the following review helpful:

5.0 out of 5 stars A Great Way To Prepare For FRM Exam, January 6, 2010

By 

MOMB (brooklyn, NY,USA) - See all my reviews

This review is from: Financial Risk Manager Handbook (Wiley Finance) (Paperback)

I strongly recommend this book to whoever is willing to take FRM exam.
This book was the only resource I studied to pass the FRM exam.
However, if you're not somewhat familiar to the subject, you may need to study from additional resources.

3.0 out of 5 stars Test Questions are the best part., October 28, 2011

By 

J. Yoon (Ashburn, VA) - See all my reviews
(REAL NAME)   

Amazon Verified Purchase

This review is from: Financial Risk Manager Handbook (Wiley Finance) (Paperback)

This book is very useful for studying test questions from actual exams. The questions seem to be a very good indicators of the wordings used in actual exam. About 70-80% of current exam topics seemed to be covered in these past exam questions. Timing of test taking was extremely useful for practice in pacing during actual exams. However, the text contents was not very helpful. The core readings list was much better at explaining the material. The book tries to condense material so that only the essence is covered, but usually ends up being a jumble of concepts and notations. You don't need to read all core readings, just the main ones, and keep only the main points from those articles in mind. If you do this, you are creating your own summaries of essential topics and you will be able to understand those points much better than trying to study the text of this book.

1 of 10 people found the following review helpful:

5.0 out of 5 stars very good book., October 16, 2009

By 

bookworm123 - See all my reviews

This review is from: Financial Risk Manager Handbook (Wiley Finance) (Paperback)

Very good book. Bought from amazon. Amazon took long time to ship and deliver. Almost 2 weeks.