FINANCIALjobs.com presents:
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 Networks website. http://www/grmn.com Youll 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 werent 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 weve 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..
.