Managing Financial Risk and Its Interaction with Enterprise Risk Management (eBook)

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.

Foreword by Robert S. Kaplan.

Part I: Overview.

Chapter One: Enterprise Risk Management: An Introduction and
Overview.

Chapter Two: A Brief History of Risk Management.

Chapter Three: ERM and Its Role in Strategic Planning and
Strategy Execution.

Chapter Four: The Role of the Board of Directors and Senior
Management in Enterprise Risk Management.

Part II: ERM Management, Culture and Control.

Chapter Five: Becoming the Lamp Bearer: The Emerging Roles of
the Chief Risk Officer.

Chapter Six: Creating A Risk Aware Culture.

Chapter Seven: ERM Frameworks.

Chapter Eight: Identifying and Communicating Key Risk
Indicators.

Part III: ERM Tools and Techniques.

Chapter Nine: How to Create and Use Corporate Risk
Tolerance.

Chapter Ten: How to Plan and Run a Risk Management Workshop.

Chapter Eleven: How to Prepare a Risk Profile.

Chapter Twelve: How to Allocate Resources Based on Risk.

Chapter Thirteen: Quantitative Risk Assessment in ERM.

Part IV: Types of Risk.

Chapter Fourteen: Market Risk Management and Common Elements
with Credit Risk Management.

Chapter Fifteen: Credit Risk Management.

Chapter Sixteen: Operational Risk Management Chapter.

Chapter Seventeen: Risk Management: Techniques in Search of a
Strategy.

Chapter Eighteen: Managing Financial Risk and its Interaction
with Enterprise Risk Management.

Chapter Nineteen: Bank Capital Regulation and Enterprise Risk
Management.

Chapter Twenty: Legal Risk Post SOX and the Subprime Fiasco:
Back to the Drawing Board.

Chapter Twenty One: Financial Reporting and Disclosure Risk
Management.

Part V: Survey Evidence and Academic Research.

Chapter Twenty Two: Who Reads What Most Often? A Survey of
Enterprise Risk Management Literature Read by Risk Executives.

Chapter Twenty Three: Academic Research on Enterprise Risk
Management.

Chapter Twenty Four: Enterprise Risk Management: Lessons from
the Field.

Part VI: Special Topics and Case Studies.

Chapter Twenty Five: Rating Agencies Impact on Enterprise Risk
Management.

Chapter Twenty Six: Enterprise Risk Management: Current
Initiatives and Issues.

Chapter Twenty Seven: Establishing ERM Systems in Emerging
Countries.

Chapter Twenty Eight: The Rise and Evolution of the Chief Risk
Officer: Enterprise Risk Management at Hydro One.

Conclusion.

Endnotes.

About the Authors.

Index.