A fully revised second edition focused on the best practices of enterprise risk management Since 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 ERM Based on risk management expert James Lam?s thirty years of experience in this field Discusses how a company should strive for balance between risk and return Failure 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. INDICE: Chapter 1: Introduction The Benefits of Risk Management Integration Adds Value Cautionary Tales Chapter 2: Lessons Learned Lesson #1: Know Your Business Lesson #2: Establish Checks and Balances Lesson #3: Set Limits and Boundaries Lesson #4: Keep Your Eye on the Cash Lesson #5: Use the Right Yardstick Lesson #6: Pay for the Performance You Want Lesson #7: Balance the Yin and the Yang Chapter 3: Concepts and Processes Risk Concepts Risk Processes Risk Awareness Risk Measurement Risk Assessments Risk Control Risk is a Bell Curve Chapter 4: What is ERM? ERM Definitions The Benefits of ERM Organizational Effectiveness Risk Reporting Business Performance The Chief Risk Officer Components of ERM Chapter 5: Corporate Governance Codes of Conduct Best Practices Linking Corporate Governance and ERM Chapter 6: Line Management The Relationship Between Line and Risk Functions Key Challenges Best Practices Chapter 7: Portfolio Management The Theory of Active Portfolio Management Benefits of Active Portfolio Management Practical Applications of Portfolio Management Chapter 8: Risk Transfer A Brief History of ART Advantages of ART Pitfalls of ART A Look to the Future Case Study: Honeywell Case Study: Barclays Chapter 9: Risk Analytics Risk Control Analytics Risk Optimization Analytics Market Risk Analytics Credit Risk Analytics Operational Risk Analytics GRC Systems Chapter 10: Data and Technology Early Systems Data Management Interface Building Middleware Distributed Architectures Key Factors for a Successful Implementation Chapter 11: Stakeholder Management Employees Customers Regulators Rating Agencies Shareholder Service Providers Business Partners Chapter 12: Credit Risk Management Key Credit Risk Concepts The Credit Risk Management Process Basel Requirements Best Practices in Credit Risk Management Case Study: Export Development Corporation (EDC) Chapter 13: Market Risk Management Types of Market Risk Market Risk Measurement Market Risk Management Best Practices in Market Risk Management Case Study: Market Risk Management at Chase Chapter 14: Operational Risk Management Operational Risk – Definition and Scope The Operational Risk Management Process Best Practice in Operational Risk Management Emerging IT Risks Case Study: Heller Financial Chapter 15: Business Applications Stage 1: Minimizing the Downside Stage II: Managing Uncertainty Stage III: Performance Optimization The Further Evolution of Risk Management Chapter 16: Financial Institutions Industry Trends Risk Management Requirements Systemic Risk A Look to the Future Case Study: CIBC Chapter 17: Energy Firms Industry Trends Risk Management Requirements A Look to the Future Lessons Learned from Enron Lessons Learned from the BP Oil Spill Chapter 18: Non–Financial Corporations Risk Management Requirements Best Practices in Corporate Risk Management Case Study: Microsoft Case Study: Ford Case Study: Airbus and Boeing Chapter 19: Predictions The Profession of Risk Management Technology and the Convergence of Risk Management Ten Predictions 2013 Looking Back Chapter 20: Everlast Financial Chapter 21: ERM Implementation Benefits of Corporate Governance and ERM Practices McKinsey & Company (2002) Brown and Caylor (2004), Cheng and Wu (2005) Hoyt and Liebenberg (2009) Standard & Poor’s (2010) ERM Implementation Requirements ERM Maturity Model Stage 1: Definition and Planning (White Belt) Stage 2: Early Development (Yellow Belt) Stage 3: Standard Practice (Green Belt) Stage 4: Business Integration (Brown Belt) Stage 5: Business Optimization (Black Belt) Other ERM Maturity Models Risk Culture Chapter 22: Role of the Board Board Oversight Requirements Current Board Practices The Last Line of Defense Chapter 23: Risk Assessment Risk Assessment Methodology Best Practice Case Studies in Risk Assessment Best–Practice Example: The Global Risk Report Appendix: Risk Assessment Self–Evaluation Checklist Chapter 24: Risk–Based Decision Making ERM Decisions and Actions Creating Value through ERM Case Study: Duke Energy Chapter 25: Dashboard Reporting Traditional Vs. Dashboard Reporting General Dashboard Applications ERM Dashboard Implementation Evolving Best Practices
- ISBN: 978-1-118-41361-6
- Editorial: John Wiley & Sons
- Encuadernacion: Cartoné
- Páginas: 496
- Fecha Publicación: 12/03/2014
- Nº Volúmenes: 1
- Idioma: Inglés