Book description
Everything you need to know in order to manage risk effectively
within your organization
You cannot afford to ignore the explosion in mathematical finance in
your quest to remain competitive. This exciting branch of mathematics
has very direct practical implications: when a new model is tested and
implemented it can have an immediate impact on the financial environment.
With risk management top of the agenda for many organizations, this
book is essential reading for getting to grips with the mathematical
story behind the subject of financial risk management. It will take
you on a journey-from the early ideas of risk quantification up to
today's sophisticated models and approaches to business risk management.
To help you investigate the most up-to-date, pioneering developments
in modern risk management, the book presents statistical theories and
shows you how to put statistical tools into action to investigate
areas such as the design of mathematical models for financial
volatility or calculating the value at risk for an investment portfolio.
- Respected academic author Simon Hubbert is the youngest director
of a financial engineering program in the U. K. He brings his
industry experience to his practical approach to risk analysis
- Captures the essential mathematical tools needed to explore many
common risk management problems
- Website with model simulations and source code enables you to
put models of risk management into practice
- Plunges into the world of high-risk finance and examines the
crucial relationship between the risk and the potential reward of
holding a portfolio of risky financial assets
This book is your one-stop-shop for effective risk management.
Dr SIMON HUBBERT is a lecturer in Mathematics and
Mathematical Finance at Birkbeck College, University of London, where
he is currently the programme director for the graduate diploma in
Financial Engineering. He has taught masters level courses on Risk
Management and Financial Mathematics for many years and also has
valuable industrial experience having engaged in consultation work
with IBM global business services and as a risk analyst for the debt
management office, a branch of HM-Treasury.
