Financial Risk Manager Handbook (Wiley Finance) (Paperback)

by Philippe Jorion (Author), GARP (Author) "An investor considers a zero-coupon bond that pays $100 in 10 years..." (more)
Key Phrases: market risk charge, nondirectional risks, worst credit exposure, United States, Basel Committee, Financial Risk Manager Handbook (more...)

Editorial Reviews

Product Description
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.

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.

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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 (27 customer reviews)
• Amazon.com Sales Rank: #749,359 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

8 of 8 people found the following review helpful:

1.0 out of 5 stars DISAPPOINTED, November 8, 2001

By	DC (Hong Kong) - See all my reviews

This review is from: Financial Risk Manager Handbook 2001-2002 (Paperback)

It is the worst book I have ever seen.
I passed both CFA and AICPA and familarize with those materials. I still find it difficult to follow. Not clear explaination, contradiction among arguments and wrong answers for the sample questions.
I am very disappointed.

14 of 16 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

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.

10 of 11 people found the following review helpful:

1.0 out of 5 stars How not to write a book, August 26, 2001

By	Syed Moiz (Canada) - See all my reviews

This review is from: Financial Risk Manager Handbook 2001-2002 (Paperback)

I bought this book to write the FRM exam. It is the worst possible written book that I have ever seen. Even the topics that I have a very good knowledge of (e.g. Duration, Convexity etc.) are written in such a disjointed fashion that I could not recognise them. The author uses symbols without describing them, the passages have no relevance to the examples which in turn cannot be connected to the solutions. It was a great disappointment. I wonder if anybody at GARP ever reviewed it before recommending it as a text for the FRM exam.