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FINANCIAL WEB

By Lynn Frances
February 24, 2000

                                          
Enterprise-Wide Risk Management

Enterprise-Wide Risk Management seems to be emerging as the goal of many financial institutions and corporations these days. Whether you are looking for a new job in Risk Management, or are thinking of moving into this promising field, there is an abundance of information on the web to help you. You can get an overview of the goals of Risk Management, or you can get details about this enterprise wide process.

For an overview of the subject, the search engine, FinanceWise.com, has a reprint of an article from RISK on Enterprise-Wide Risk Management. http://www.financewise.com/cgi-bin/l/lrrpre?P=/l/riskmunreg.htm

If you are looking for up-to-date information on specific topics in the EWRM field, try Global Risk Management Network’s website. http://www/grmn.com You’ll find news, a database, a discussion forum, a listing of professional bodies and a search engine called "winfoLinks" which focuses on Risk Management issues.

More instructional information on the process of analyzing and managing Risk is available in several books. Though we weren’t able to find any one book that focuses on EWRM specifically, by combining information from various sources, you can develop a clear understanding of the process. Here are a few books that look helpful:
(For details about each book, follow the links we’ve provided.)

Risk Management and Analysis - Measuring and Modeling Financial Risk (Volume 1*) and Risk Management and Analysis - New Markets and Products (Volume 2**) by Carol Alexander, published by John Wiley & Sons appear to be primers on Risk Management techniques for both the financial and the corporate environments.
*(Volume 1) http://www.global-investor.com/cgi-bin/www.global-investor.com/euler.pl?id=s15484&action=display&ref=9374
**(Volume 2) http://www.global-investor.com/cgi-bin/www.global-investor.com/euler.pl?id=s15484&action=display&ref=9375

Couple these Financial Risk tools with an Operational Risk book like -

Operational Risk and Financial Institutions, published by Risk Books in association with Arthur Andersen http://www.riskpublications.com/books/indrmfi.htm or

Risk Management - New Challenges and New Solutions by Graham Buck, published by Reuters Business Insight, 1999, http://www.global-investor.com/cgi-bin/www.global-investor.com/euler.pl?id=s10027&action=display&ref=11494 or

Corporate Risk: Strategies and Management Consultant Editors: Gregory W Brown and Donald H Chew http://www.riskpublications.com/books/indrmc.htm to round out your understanding of Enterprise-Wide Risk Management.

Good luck taking a risk in this new field..

Lynn Frances is a freelance technical writer living in the Ojai Valley of Southern California.
   Write her with questions, comments, or requests for research on your own favorite topics in the Financial Web:  lfrances@fjadnet.com  
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