Risk Framework Design in Practice

PRAISE FOR RISK FRAMEWORK DESIGN in Practice "Beck's terrific book fills a critical gap in the risk management literature, delivering a clear and practical guide for building -- or transforming -- risk functions in today's complex financial landscape. Uniquely, Beck extends the discussion beyond the banking sector, incorporating perspectives from non-bank institutions and private assets -- a rapidly growing asset class. A must-read for anyone charged with overseeing or executing sound risk management governance." --Bradford Hu, CRO, State Street "Effective risk management is a team sport. No matter what position you play on that team -- board member, senior executive, investment professional, ops, IT, compliance or sales -- Beck's book is a must-read. In addition to explaining how to monitor and manage risk, Beck provides terrific questions to help you identify an appropriate 'Goldilocks framework' for your organization, product or portfolio -- one that is neither too big nor too small, but just right." --Holly H. Miller, former Senior Policy Advisor at the U.S. Securities and Exchange Commission and co-author of The Top Ten Operational Risks: A Survival Guide for Investment Management Firms and Hedge Funds "Accessible, insightful, and deeply practical -- Michelle Beck's book is ideal for practitioners who want to strengthen their risk programs and students eager to learn how financial risk management works in practice." --Elizabeth Mays, PhD, former Chief Model Risk Officer, PNC Financial Services "Michelle Beck's foundational book on risk framework design is a much-needed primer for the industry. Her hands-on experience at leading financial institutions combined with her ability to clearly highlight the core principles of successful risk management make Beck's book required reading for both risk managers and business leaders." --Christopher A. Van Buren, CFA, former Chief Risk Officer at Fortune 500 Companies "A detailed roadmap for anyone needing to build a world class risk organization for a financial institution, from one of the founders of the profession." --Jacques Longerstaey, EVP and Chief Risk Officer, Voya Financial "Michelle Beck has an extraordinary ability to identify and explain financial risk, as she has done for the world's leading financial institutions and America's senior-most financial regulators. In her lucid and comprehensive new book, she distills that wisdom with clarity and sophistication into a mandatory guide for every serious participant in the global financial markets." --William Birdthistle, Professor from Practice, University of Chicago Law School, and former Head of the SEC's Division of Investment Management " Risk Framework Design in Practice provides detailed and practical guidance for CROs to help ensure risk levels are aligned with risk appetite while supporting active risk taking." --Kristen Walters, former Chief Risk Officer, Senior Advisor at Global Association of Risk Professionals, and Lecturer at Columbia University