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

Joshi, Aruna

Softcover

ISBN 10: 1976510341 ISBN 13: 9781976510342

Publisher: CreateSpace Independent Publishing Platform, 2017

Synopsis

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.

About this title

About the Author

Aruna Joshi has been in the quantitative finance field for over two decades spanning financial software, mortgage insurance and banking. She has a Ph.D. in Mechanical Engineering and MFE (Master’s in Financial Engineering) from UC Berkeley. She also holds the FRM (Financial Risk Manager) Designation. She has authored several papers in top journals and is a frequent speaker at conferences related to Model Risk. She is also an adjunct faculty at University of San Francisco.

Edition details

• Publisher: CreateSpace Independent Publishing Platform
• Publication date: 2017
• Language: English
• ISBN 10: 1976510341
• ISBN 13: 9781976510342
• Binding: Paperback
• Number of pages: 100