Book description
Essential insights on the various aspects of enterprise risk management
If you want to understand enterprise risk management from some of the
leading academics and practitioners of this exciting new methodology,
Enterprise Risk Management is the book for you. Through
in-depth insights into what practitioners of this evolving business
practice are actually doing as well as anticipating what needs to be
taught on the topic, John Fraser and Betty Simkins have sought out the
leading experts in this field to clearly explain what enterprise risk
management is and how you can teach, learn, and implement these
leading practices within the context of your business activities. In
this book, the authors take a broad view of ERM, or what is called a
holistic approach to ERM.
Enterprise Risk Management introduces you to the wide range of
concepts and techniques for managing risk in a holistic way that
correctly identifies risks and prioritizes the appropriate responses.
This invaluable guide offers a broad overview of the different types
of techniques: the role of the board, risk tolerances, risk profiles,
risk workshops, and allocation of resources, while focusing on the
principles that determine business success. This comprehensive
resource also provides a thorough introduction to enterprise risk
management as it relates to credit, market, and operational risk, as
well as the evolving requirements of the rating agencies and their
importance to the overall risk management in a corporate setting.
Filled with helpful tables and charts, Enterprise Risk
Management offers a wealth of knowledge on the drivers, the
techniques, the benefits, as well as the pitfalls to avoid, in
successfully implementing enterprise risk management.
- Discusses the history of risk management and more recently
developed enterprise risk management practices and how you can
prudently implement these techniques within the context of your
underlying business activities
- Provides coverage of topics such as the role of the chief risk
officer, the use of anonymous voting technology, and risk
indicators and their role in risk management
- Explores the culture and practices of enterprise risk management
without getting bogged down by the mathematics surrounding the
more conventional approaches to financial risk management
This informative guide will help you unlock the incredible potential
of enterprise risk management, which has been described as a proxy for
good management.
John Fraser is the Vice President, Internal Audit, and Chief Risk
Officer of Hydro One Networks Inc. He is an Ontario and Canadian
Chartered Accountant, a Fellow of the Association of Chartered
Certified Accountants (U. K.), a Certified Internal Auditor, and a
Certified Information Systems Auditor. Fraser has more than 30 years'
experience in the risk and control field, mostly in the financial
services sector. He is currently the Chair of the Advisory Committee
of the Conference Board of Canada's Strategic Risk Council and a
Practitioner Associate Editor of the Journal of Applied Finance.
Betty J. Simkins, PhD, is the Williams Companies Professor of
Business and Professor of Finance at Oklahoma State University. She
has published more than 40 journal articles and book chapters. Many of
these articles are on the topics of risk management and enterprise
risk management. Simkins is also active in the finance profession and
currently serves on the board of directors for the Financial
Management Association, as co-editor of the Journal of Applied
Finance, as Executive Editor of FMA Online, and as past president of
the Eastern Finance Association. Prior to entering academia, she
worked for ConocoPhillips and Williams Companies.
