Financial Risk Manager Handbook (Wiley Finance) [Paperback]

Philippe Jorion (Author), GARP (Author)

Book Description

ISBN-10: 0471706299 | ISBN-13: 978-0471706298 | Publication Date: May 6, 2005 | Edition: 3rd

An essential guide to financial risk management and the best way to ace the GARP FRM(r) Exam
The Financial Risk Management Exam (FRM Exam) is given by the Global Association of Risk Professionals (GARP) annually in November for risk professionals who want to earn FRM certification. Written with the full support of GARP and providing questions and solutions from previous exams, this is the definitive guide for those preparing to take the FRM Exam as well as a valued working reference for risk professionals.
Phillipe Jorion, PhD, MBA (Irvine, CA), is a Professor of Finance at the Graduate School of Management at UC Irvine. The Global Association of Risk Professionals (GARP) oversees the FRM(r) Certification Program and is the leading association for risk professionals, with over 38,000 members worldwide.

Editorial Reviews

From the Back Cover

An essential reference for financial risk management

Risk professionals looking to earn the Financial Risk Management (FRM®) certification, 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 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 Third Edition—which now 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, Third 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, covering such topics as:

• Quantitative methods
• Capital markets
• Credit, operational, market, and integrated risk management
• Investment management and hedge fund risk
• Relevant regulatory, legal, and accounting 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, Third Edition focuses on practical 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 Graduate School of Management at the University of California at Irvine. 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 eighty publications—directed towards academics and practitioners—on the topic of risk management and international finance. He is Editor of the Journal of Risk and is on the editorial board of a number of other financial journals. He has won the Smith Breeden Prize for research, the William F. Sharpe Award for Scholarship in Financial Research, and the Graham and Dodd Scroll Award. He has written the first and second editions of Financial Risk Manager Handbook, 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.

Product Details

• Paperback: 768 pages
• Publisher: Wiley; 3rd edition (May 6, 2005)
• Language: English
• ISBN-10: 0471706299
• ISBN-13: 978-0471706298
• Product Dimensions: 10.9 x 8.4 x 1.7 inches
• Shipping Weight: 4 pounds
• Average Customer Review: 2.8 out of 5 stars  See all reviews (8 customer reviews)
• Amazon Best Sellers Rank: #1,793,652 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

16 of 18 people found the following review helpful:

4.0 out of 5 stars Good enough for what it claims, May 4, 2006

By 

Jack Ace Rothstein "Jack Ace" (USA) - See all my reviews

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

The people who have written reviews primarily have gripes that they didn't pass. They must have thought the book was THE ONLY RESOURCE they would need. I used this book and I did pass the exam. It wasn't the only resource I used though.

The publishers of the book even claim that using only this book will not help you pass the exam. It is an OVERVIEW text. It is a primer to help you delve into the material. This book will not substitute the large amount of qualitative reading and equation memorization that you'll need to do in order to pass.

I give it a 4 mainly because the book does what it claims and because some of the more negative reviews are too far-fetched. Remember to buy the version that applies to your test year.

8 of 10 people found the following review helpful:

5.0 out of 5 stars Comprehensive Risk Management Coverage, July 6, 2005

By 

W. Walters - See all my reviews
(REAL NAME)   

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

Jorion's book covers an enormous amount of material that will be useful for people practicing risk management. If readers of this book become proficient on the subjects it covers then it will be a building point for more focused books from Wiley and other publishers.

I have gone back to this book to review subjects in risk management that I am not required to know immediately in work situations. The questions that are included from the FRM exam are useful tests of your understanding after having read sections and are in need of a check to see what you have gained in knowledge.

8 of 11 people found the following review helpful:

1.0 out of 5 stars I Wish I Hadn't, March 29, 2006

By 

Risk B "Bresner" (Boston) - See all my reviews

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

This book cost me the FRM last year. I made it the center of my study program. The book's writing is atrocious; there are gaps in what is covered; and there are many errors and misstatements. I wasted six weeks struggling with this book. When I finally realized my mistake, it was too late to rescue my study program, and I failed the exam. I am very disillusioned with Jorion and GARP. This shoddy, overpriced paperback makes me think they are in it just for the money. This year, I have signed up for the CFA exam instead. So far, I have been very impressed with their study materials.