December 2015
Beginner
384 pages
11h 32m
English
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Chapter 5
Functions of a Financial Risk Manager
In This Chapter
Starting with traders and trading
Dealing with bosses and other higher-ups
Sharing information internally and with boards and regulators
Risk management is done in institutions – mostly large financial institutions. This fact makes life more complex than if you were risk managing your personal trading. When done for a large institution, risk management goes beyond the normal adjustments everyone makes in their investment portfolio.
Risk management today isn’t quite a profession, with traditions and standards like the ones that lawyers, actuaries or accountants adhere to in balancing corporate needs and professional responsibilities. But it is much more visible than it used to be.
Some features of institutions naturally lead to bad risk management, and this chapter shows you how to stay vigilant against these. It also discusses ways to build good risk management into institutional structures, which is both easier and more effective than trying to manage all risk directly.
Developing from Traders and Trading
Modern financial risk management was developed on small trading desks in the late 1980s. Some risk managers were ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.