Managing Risk of Financial Models: A Smart and Simple Guide for the Practitioner

By Aruna Joshi

How can a reputable hedge fund with sophisticated financial models collapse?Why do two borrowers with similar FICO scores pay different mortgage rates?What is the hype about stress testing for big banks?This book is for you if:You are a math nerd considering a career in financeYou financial institution is trying to grow its nascent model risk management programYou are interested in risk managementThis book is a simple, step-by-step guide to how top institutions determine what is a model, how to identify, assess, and mitigate model risk, and how to report to senior management.Using practical examples, this book gives an overview of the state of the art methods applied in establishing and maintaining a strong model risk management program at a financial institution.

• Format: Paperback
• Language: English
• ISBN: 1976510341
• ISBN13: 9781976510342
• Release Date: September 2017
• Publisher: CreateSpace Independent Publishing Platform
• Length: 100 Pages
• Weight: 0.36 lbs.
• Dimensions: 8.0" x 0.2" x 5.0"