Enterprise Risk Management

James Lam 지음

Wiley 2014년 01월 06일 출간

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A fully revised second edition focused on the best practices of enterprise risk managementSince the first edition of Enterprise Risk Management: From Incentives to Controls was published a decade ago, much has changed in the worlds of business and finance. That's why James Lam has returned with a new edition of this essential guide. Written to reflect today's dynamic market conditions, the Second Edition of Enterprise Risk Management: From Incentives to Controls clearly puts this discipline in perspective.Engaging and informative, it skillfully examines both the art as well as the science of effective enterprise risk management practices. Along the way, it addresses the key concepts, processes, and tools underlying risk management, and lays out clear strategies to manage what is often a highly complex issue.Offers in-depth insights, practical advice, and real-world case studies that explore the various aspects of ERMBased on risk management expert James Lam's thirty years of experience in this fieldDiscusses how a company should strive for balance between risk and returnFailure to properly manage risk continues to plague corporations around the world. Don't let it hurt your organization. Pick up the Second Edition of Enterprise Risk Management: From Incentives to Controls and learn how to meet the enterprise-wide risk management challenge head on, and succeed.

목차

Preface xiiiAcknowledgments xviiSection One Risk Mangement in Context 1Chapter 1 Introduction 3The Benefits of Risk Management 6Integration Adds Value 9Cautionary Tales 12Chapter 2 Lessons Learned 21Lesson #1: Know Your Business 23Lesson #2: Establish Checks and Balances 24Lesson #3: Set Limits and Boundaries 25Lesson #4: Keep Your Eye on the Cash 26Lesson #5: Use the Right Yardstick 27Lesson #6: Pay for the Performance You Want 27Lesson #7: Balance the Yin and the Yang 28Chapter 3 Concepts and Processes 31Risk Concepts 32Risk Processes 36Risk Awareness 38Risk Measurement 40Risk Control 42Risk Is a Bell Curve 48Chapter 4 What Is ERM? 51ERM Definitions 53The Benefits of ERM 53The Chief Risk Officer 57Components of ERM 61Section Two The Enterprise Risk Management Framework 67Chapter 5 Corporate Governance 69Codes of Conduct 71Best Practices 72Linking Corporate Governance and ERM 77Chapter 6 Line Management 83The Relationship Between Line and Risk Functions 84Key Challenges 89Best Practices 92Chapter 7 Portfolio Management 99The Theory of Active Portfolio Management 100Benefits of Active Portfolio Management 102Practical Applications of Portfolio Management 105Chapter 8 Risk Transfer 111A Brief History of ART 112Advantages of ART 116Pitfalls of ART 119A Look to the Future 122Case Study: Honeywell 124Case Study: Barclays 124Chapter 9 Risk Analytics 127Risk Control Analytics 128Risk Optimization Analytics 133Market Risk Analytics 135Credit Risk Analytics 138Credit Portfolio Models 141Operational Risk Analytics 142GRC Syst

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저자(글) James Lam

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JAMES LAM is widely recognized as the first ever Chief RiskOfficer and a pioneer in the field of enterprise risk management. Ina Euromoney survey, Mr. Lam was nominated by clients and peers as oneof the world#x2019;s leading risk consultants. He currently serves asPresident of James Lam #x0026; Associates and Director and Chairman, RiskOversight Committee of E*TRADE Financial. Previously, he heldpositions including Partner of Oliver Wyman, Founder and President ofERisk, Chief Risk Officer of Fidelity Investments, and Chief RiskOfficer of GE Capital Markets Services, Inc. In 1997, Mr. Lam received the inaugural Risk Manager of the Year Award from the Global Association of Risk Professionals. Treasury #x0026; Risk magazine named him one of the #x201C;100 Most Influential People in Finance#x201D; in 2005, 2006, and 2008.