# What is involved in Value at Risk

Find out what the related areas are that Value at Risk connects with, associates with, correlates with or affects, and which require thought, deliberation, analysis, review and discussion. This unique checklist stands out in a sense that it is not per-se designed to give answers, but to engage the reader and lay out a Value at Risk thinking-frame.

## How far is your company on its Value at Risk journey?

Take this short survey to gauge your organization’s progress toward Value at Risk leadership. Learn your strongest and weakest areas, and what you can do now to create a strategy that delivers results.

To address the criteria in this checklist for your organization, extensive selected resources are provided for sources of further research and information.

# Start the Checklist

Below you will find a quick checklist designed to help you think about which Value at Risk related domains to cover and 148 essential critical questions to check off in that domain.

The following domains are covered:

Value at Risk, Political risk, Profit at risk, Moment-generating function, Credit derivative, Philippe Jorion, Stress test, Price area risk, Probability distribution, Extended Mathematical Programming, Reputational risk, J H M Darbyshire, Consumer credit risk, Risk-adjusted return on capital, Capital Adequacy Directive, Measurable function, Borel measure, JPMorgan Chase, Statistical independence, Historical simulation, Systemic risk, Market portfolio, Refinancing risk, Financial risk management, Risk return ratio, Expected shortfall, Financial governance, Quantile function, Sharpe ratio, Risk management, Conditional Value-at-Risk, Sampling error, Commodity risk, Operational risk, Basis risk, Risk metric, Nassim Taleb, Settlement risk, Market risk, Financial risk modeling, Economic capital, Satyajit Das, Espen Gaarder Haug, Distortion function, Risk-free interest rate, Rogue trader, Entropic value at risk, Random House, Financial correlation, Shape risk, Tail conditional expectation, The Black Swan, Financial economics, Coherent risk measure, Risk parity, Cyber risk quantification, Volume risk, Distortion risk measure, Value at Risk, Mathematical Reviews, Financial crisis of 2007-2008:

### Value at Risk Critical Criteria:

Ventilate your thoughts about Value at Risk failures and find the essential reading for Value at Risk researchers.

– Consider your own Value at Risk project. what types of organizational problems do you think might be causing or affecting your problem, based on the work done so far?

– Who is responsible for ensuring appropriate resources (time, people and money) are allocated to Value at Risk?

– What are your most important goals for the strategic Value at Risk objectives?

### Political risk Critical Criteria:

Examine Political risk management and question.

– What are your key performance measures or indicators and in-process measures for the control and improvement of your Value at Risk processes?

– How does the organization define, manage, and improve its Value at Risk processes?

– What are all of our Value at Risk domains and what do they do?

### Profit at risk Critical Criteria:

Transcribe Profit at risk tasks and define what our big hairy audacious Profit at risk goal is.

– Do those selected for the Value at Risk team have a good general understanding of what Value at Risk is all about?

– Do Value at Risk rules make a reasonable demand on a users capabilities?

– Are there Value at Risk Models?

### Moment-generating function Critical Criteria:

Investigate Moment-generating function leadership and research ways can we become the Moment-generating function company that would put us out of business.

– Marketing budgets are tighter, consumers are more skeptical, and social media has changed forever the way we talk about Value at Risk. How do we gain traction?

– How will you measure your Value at Risk effectiveness?

– How can the value of Value at Risk be defined?

### Credit derivative Critical Criteria:

Group Credit derivative tasks and achieve a single Credit derivative view and bringing data together.

– Which individuals, teams or departments will be involved in Value at Risk?

– Is Supporting Value at Risk documentation required?

### Philippe Jorion Critical Criteria:

Familiarize yourself with Philippe Jorion governance and ask questions.

– Think about the functions involved in your Value at Risk project. what processes flow from these functions?

– What knowledge, skills and characteristics mark a good Value at Risk project manager?

– What is our formula for success in Value at Risk ?

### Stress test Critical Criteria:

Demonstrate Stress test governance and create Stress test explanations for all managers.

– What is the source of the strategies for Value at Risk strengthening and reform?

– What are the business goals Value at Risk is aiming to achieve?

– what is our biggest challenge to stress testing?

– What is our Value at Risk Strategy?

### Price area risk Critical Criteria:

Group Price area risk adoptions and track iterative Price area risk results.

– Are there Value at Risk problems defined?

### Probability distribution Critical Criteria:

Boost Probability distribution goals and ask questions.

– Are there any easy-to-implement alternatives to Value at Risk? Sometimes other solutions are available that do not require the cost implications of a full-blown project?

– What are the key elements of your Value at Risk performance improvement system, including your evaluation, organizational learning, and innovation processes?

### Extended Mathematical Programming Critical Criteria:

Track Extended Mathematical Programming failures and assess and formulate effective operational and Extended Mathematical Programming strategies.

– Can we add value to the current Value at Risk decision-making process (largely qualitative) by incorporating uncertainty modeling (more quantitative)?

– Where do ideas that reach policy makers and planners as proposals for Value at Risk strengthening and reform actually originate?

– Are we making progress? and are we making progress as Value at Risk leaders?

### Reputational risk Critical Criteria:

Study Reputational risk outcomes and develop and take control of the Reputational risk initiative.

– How do your measurements capture actionable Value at Risk information for use in exceeding your customers expectations and securing your customers engagement?

– Have all basic functions of Value at Risk been defined?

### J H M Darbyshire Critical Criteria:

Air ideas re J H M Darbyshire projects and finalize the present value of growth of J H M Darbyshire.

– Do we monitor the Value at Risk decisions made and fine tune them as they evolve?

– When a Value at Risk manager recognizes a problem, what options are available?

### Consumer credit risk Critical Criteria:

Reason over Consumer credit risk outcomes and observe effective Consumer credit risk.

– Do we aggressively reward and promote the people who have the biggest impact on creating excellent Value at Risk services/products?

– What may be the consequences for the performance of an organization if all stakeholders are not consulted regarding Value at Risk?

– Can Management personnel recognize the monetary benefit of Value at Risk?

### Risk-adjusted return on capital Critical Criteria:

Track Risk-adjusted return on capital failures and gather Risk-adjusted return on capital models .

– What are current Value at Risk Paradigms?

– What is Effective Value at Risk?

### Capital Adequacy Directive Critical Criteria:

Collaborate on Capital Adequacy Directive projects and slay a dragon.

– How do we Identify specific Value at Risk investment and emerging trends?

– Does our organization need more Value at Risk education?

– Who sets the Value at Risk standards?

### Measurable function Critical Criteria:

Scrutinze Measurable function tasks and budget the knowledge transfer for any interested in Measurable function.

– In a project to restructure Value at Risk outcomes, which stakeholders would you involve?

– Which Value at Risk goals are the most important?

### Borel measure Critical Criteria:

Audit Borel measure failures and maintain Borel measure for success.

– Why should we adopt a Value at Risk framework?

– Is a Value at Risk Team Work effort in place?

### JPMorgan Chase Critical Criteria:

Align JPMorgan Chase results and get out your magnifying glass.

– At what point will vulnerability assessments be performed once Value at Risk is put into production (e.g., ongoing Risk Management after implementation)?

– What are the Essentials of Internal Value at Risk Management?

### Statistical independence Critical Criteria:

Discourse Statistical independence projects and shift your focus.

– what is the best design framework for Value at Risk organization now that, in a post industrial-age if the top-down, command and control model is no longer relevant?

### Historical simulation Critical Criteria:

Focus on Historical simulation management and question.

– Are accountability and ownership for Value at Risk clearly defined?

– What will drive Value at Risk change?

– How do we keep improving Value at Risk?

### Systemic risk Critical Criteria:

Reason over Systemic risk governance and gather Systemic risk models .

– When developing and capitalizing on IoT solutions, do we as owners consider the societal cost, systemic risk, and risk externality to avoid what may be called designer hubris. In other words, why add features when theyre not needed and contribute to the insecurity/fragility of the whole system?

– What management system can we use to leverage the Value at Risk experience, ideas, and concerns of the people closest to the work to be done?

– Are there recognized Value at Risk problems?

### Market portfolio Critical Criteria:

Incorporate Market portfolio results and secure Market portfolio creativity.

– What are the top 3 things at the forefront of our Value at Risk agendas for the next 3 years?

– What about Value at Risk Analysis of results?

### Refinancing risk Critical Criteria:

Analyze Refinancing risk results and point out Refinancing risk tensions in leadership.

– What other jobs or tasks affect the performance of the steps in the Value at Risk process?

– Is there any existing Value at Risk governance structure?

### Financial risk management Critical Criteria:

Examine Financial risk management visions and remodel and develop an effective Financial risk management strategy.

– How do senior leaders actions reflect a commitment to the organizations Value at Risk values?

– What vendors make products that address the Value at Risk needs?

– How can you measure Value at Risk in a systematic way?

### Risk return ratio Critical Criteria:

Have a round table over Risk return ratio engagements and display thorough understanding of the Risk return ratio process.

### Expected shortfall Critical Criteria:

Consider Expected shortfall tactics and define Expected shortfall competency-based leadership.

– In what ways are Value at Risk vendors and us interacting to ensure safe and effective use?

– Who will provide the final approval of Value at Risk deliverables?

– What are the long-term Value at Risk goals?

### Financial governance Critical Criteria:

Communicate about Financial governance strategies and find out.

– Does Value at Risk analysis isolate the fundamental causes of problems?

### Quantile function Critical Criteria:

Extrapolate Quantile function failures and probe Quantile function strategic alliances.

### Sharpe ratio Critical Criteria:

Review Sharpe ratio risks and describe the risks of Sharpe ratio sustainability.

### Risk management Critical Criteria:

Have a session on Risk management strategies and change contexts.

– Describe the companys current practices that are used to protect proprietary information and customer privacy and personal information. Does the company have an information classification and handling policy?

– Do regular face-to-face meetings occur with risk champions or other employees from a range of functions and entity units with responsibility for aspects of enterprise Risk Management?

– Senior management, the mission owners, knowing the potential risks and recommended controls, may ask, when and under what circumstances should I take action, do we have the answers?

– What kind of guidance do you follow to ensure that your procurement language is both specific and comprehensive enough to result in acquiring secure components and systems?

– Does your Cybersecurity plan contain both cyber and physical security components, or does your physical security plan identify critical cyber assets?

– Do you have a process for looking at consequences of cyber incidents that informs your risk management process?

– What is the different in meaning if any between the terms Sustainability and Corporate Social Responsibility?

– To what extent is Cybersecurity Risk Management integrated into enterprise risk management?

– Are unauthorized parties using your system for the processing or storage of data?

– Is there an agreed-upon framework by which risk culture is regularly assessed?

– Are resources allocated to remediate most vulnerable systems with the highest impact?

– Do we appropriately integrate Cybersecurity risk into business risk?

– How are risks currently identified, assigned and mitigated?

– What is the likelihood (probability) risks would go wrong?

– How often does the management team discuss Cybersecurity?

– Have you had a pci compliance assessment done?

– Do we develop a Cyber Security Center?

– Who/what can assist?

### Conditional Value-at-Risk Critical Criteria:

Interpolate Conditional Value-at-Risk projects and give examples utilizing a core of simple Conditional Value-at-Risk skills.

– In the case of a Value at Risk project, the criteria for the audit derive from implementation objectives. an audit of a Value at Risk project involves assessing whether the recommendations outlined for implementation have been met. in other words, can we track that any Value at Risk project is implemented as planned, and is it working?

### Sampling error Critical Criteria:

Deliberate Sampling error decisions and create Sampling error explanations for all managers.

– What are our best practices for minimizing Value at Risk project risk, while demonstrating incremental value and quick wins throughout the Value at Risk project lifecycle?

– How do we measure improved Value at Risk service perception, and satisfaction?

### Commodity risk Critical Criteria:

Incorporate Commodity risk results and balance specific methods for improving Commodity risk results.

– What will be the consequences to the business (financial, reputation etc) if Value at Risk does not go ahead or fails to deliver the objectives?

– Is Value at Risk dependent on the successful delivery of a current project?

### Operational risk Critical Criteria:

Be responsible for Operational risk goals and know what your objective is.

– Is the Value at Risk organization completing tasks effectively and efficiently?

– Will Value at Risk deliverables need to be tested and, if so, by whom?

– What are the usability implications of Value at Risk actions?

### Basis risk Critical Criteria:

Explore Basis risk failures and intervene in Basis risk processes and leadership.

### Risk metric Critical Criteria:

Group Risk metric goals and modify and define the unique characteristics of interactive Risk metric projects.

– Does Value at Risk systematically track and analyze outcomes for accountability and quality improvement?

– What are our needs in relation to Value at Risk skills, labor, equipment, and markets?

### Nassim Taleb Critical Criteria:

Adapt Nassim Taleb tactics and point out Nassim Taleb tensions in leadership.

– What tools and technologies are needed for a custom Value at Risk project?

– Is Value at Risk Required?

### Settlement risk Critical Criteria:

Weigh in on Settlement risk adoptions and reinforce and communicate particularly sensitive Settlement risk decisions.

– What are the success criteria that will indicate that Value at Risk objectives have been met and the benefits delivered?

### Market risk Critical Criteria:

Infer Market risk goals and attract Market risk skills.

– Market risk -Will the new service or product be useful to the organization or marketable to others?

– How do we go about Securing Value at Risk?

– What threat is Value at Risk addressing?

### Financial risk modeling Critical Criteria:

Sort Financial risk modeling issues and reinforce and communicate particularly sensitive Financial risk modeling decisions.

– A compounding model resolution with available relevant data can often provide insight towards a solution methodology; which Value at Risk models, tools and techniques are necessary?

– Do we have past Value at Risk Successes?

### Economic capital Critical Criteria:

Match Economic capital management and balance specific methods for improving Economic capital results.

– Have you identified your Value at Risk key performance indicators?

### Satyajit Das Critical Criteria:

Probe Satyajit Das projects and gather Satyajit Das models .

– Record-keeping requirements flow from the records needed as inputs, outputs, controls and for transformation of a Value at Risk process. ask yourself: are the records needed as inputs to the Value at Risk process available?

– Who will be responsible for deciding whether Value at Risk goes ahead or not after the initial investigations?

### Espen Gaarder Haug Critical Criteria:

Track Espen Gaarder Haug adoptions and adopt an insight outlook.

– Is there a Value at Risk Communication plan covering who needs to get what information when?

– How do we know that any Value at Risk analysis is complete and comprehensive?

### Distortion function Critical Criteria:

Detail Distortion function planning and customize techniques for implementing Distortion function controls.

### Risk-free interest rate Critical Criteria:

Dissect Risk-free interest rate outcomes and clarify ways to gain access to competitive Risk-free interest rate services.

– What other organizational variables, such as reward systems or communication systems, affect the performance of this Value at Risk process?

– Among the Value at Risk product and service cost to be estimated, which is considered hardest to estimate?

### Rogue trader Critical Criteria:

Coach on Rogue trader projects and adjust implementation of Rogue trader.

– What sources do you use to gather information for a Value at Risk study?

– Why is Value at Risk important for you now?

### Entropic value at risk Critical Criteria:

Talk about Entropic value at risk failures and define what our big hairy audacious Entropic value at risk goal is.

– Does the Value at Risk task fit the clients priorities?

### Random House Critical Criteria:

Examine Random House issues and use obstacles to break out of ruts.

– Meeting the challenge: are missed Value at Risk opportunities costing us money?

### Financial correlation Critical Criteria:

Start Financial correlation tasks and catalog Financial correlation activities.

– How will we insure seamless interoperability of Value at Risk moving forward?

– How do we manage Value at Risk Knowledge Management (KM)?

### Shape risk Critical Criteria:

Adapt Shape risk governance and balance specific methods for improving Shape risk results.

– What business benefits will Value at Risk goals deliver if achieved?

### Tail conditional expectation Critical Criteria:

Focus on Tail conditional expectation decisions and balance specific methods for improving Tail conditional expectation results.

– What are your current levels and trends in key measures or indicators of Value at Risk product and process performance that are important to and directly serve your customers? how do these results compare with the performance of your competitors and other organizations with similar offerings?

### The Black Swan Critical Criteria:

Substantiate The Black Swan planning and catalog what business benefits will The Black Swan goals deliver if achieved.

– Do several people in different organizational units assist with the Value at Risk process?

### Financial economics Critical Criteria:

Accumulate Financial economics strategies and be persistent.

– Can we do Value at Risk without complex (expensive) analysis?

– How do we go about Comparing Value at Risk approaches/solutions?

### Coherent risk measure Critical Criteria:

Detail Coherent risk measure strategies and define Coherent risk measure competency-based leadership.

– What are our Value at Risk Processes?

### Risk parity Critical Criteria:

Model after Risk parity tactics and look for lots of ideas.

– Think about the kind of project structure that would be appropriate for your Value at Risk project. should it be formal and complex, or can it be less formal and relatively simple?

### Cyber risk quantification Critical Criteria:

Ventilate your thoughts about Cyber risk quantification outcomes and define what our big hairy audacious Cyber risk quantification goal is.

– What prevents me from making the changes I know will make me a more effective Value at Risk leader?

– What are the barriers to increased Value at Risk production?

### Volume risk Critical Criteria:

Communicate about Volume risk quality and catalog Volume risk activities.

– Who needs to know about Value at Risk ?

### Distortion risk measure Critical Criteria:

Differentiate Distortion risk measure tactics and track iterative Distortion risk measure results.

– How do you incorporate cycle time, productivity, cost control, and other efficiency and effectiveness factors into these Value at Risk processes?

– How will you know that the Value at Risk project has been successful?

### Value at Risk Critical Criteria:

Track Value at Risk tasks and probe the present value of growth of Value at Risk.

– What role does communication play in the success or failure of a Value at Risk project?

### Mathematical Reviews Critical Criteria:

Study Mathematical Reviews visions and report on setting up Mathematical Reviews without losing ground.

### Financial crisis of 2007-2008 Critical Criteria:

Study Financial crisis of 2007-2008 projects and describe which business rules are needed as Financial crisis of 2007-2008 interface.

# Conclusion:

This quick readiness checklist is a selected resource to help you move forward. Learn more about how to achieve comprehensive insights with the Value at Risk Self Assessment:

store.theartofservice.com/Value-at-Risk-The-Definitive-Handbook/

Author: Gerard Blokdijk

CEO at The Art of Service | theartofservice.com

gerard.blokdijk@theartofservice.com

www.linkedin.com/in/gerardblokdijk

Gerard is the CEO at The Art of Service. He has been providing information technology insights, talks, tools and products to organizations in a wide range of industries for over 25 years. Gerard is a widely recognized and respected information expert. Gerard founded The Art of Service consulting business in 2000. Gerard has authored numerous published books to date.

# External links:

To address the criteria in this checklist, these selected resources are provided for sources of further research and information:

### Value at Risk External links:

[PDF]VALUE AT RISK (VAR) – New York University

people.stern.nyu.edu/adamodar/pdfiles/papers/VAR.pdf

An Introduction To Value at Risk (VAR) – Investopedia

www.investopedia.com/articles/04/092904.asp

Value At Risk – VaR – Investopedia

investopedia.com/terms/v/var.asp

### Political risk External links:

Political Risk – Investopedia

investopedia.com/terms/p/politicalrisk.asp

Economic growth surges in Philippines despite political risk

www.ft.com/content/b0152476-ce83-11e7-b781-794ce08b24dc

Political Risk Insurance | AIG US

www.aig.com/business/insurance/political-risk

### Credit derivative External links:

US credit derivative index hits post-crisis low

www.ft.com/content/1a7cdd86-8e23-34be-b6aa-425b2655be03

Credit Derivative Indexes – Markets Data Center – WSJ.com

online.wsj.com/mdc/public/npage/2_3023_creditdervs.html

What is Credit Derivative? definition and meaning

www.investorwords.com/1200/credit_derivative.html

### Philippe Jorion External links:

[PDF]Financial Risk Manager Handbook By Philippe Jorion

www.casact.org/research/frm.pdf

Professor Philippe Jorion-Home

merage.uci.edu/~jorion

Professor Philippe Jorion-Newsworthy

merage.uci.edu/~jorion/newsworthy.htm

### Stress test External links:

Depression Anxiety and Stress Test – Official Site

www.depression-anxiety-stress-test.org

Stress Test – Self Quiz – anxietycentre.com – Anxiety Attacks

www.anxietycentre.com/stress-test/stress-test.shtml

Lexiscan Nuclear Stress Test Information – Drugs.com

www.drugs.com/lexiscan.html

### Price area risk External links:

Price area risk – topics.revolvy.com

topics.revolvy.com/topic/Price area risk&item_type=topic

### Probability distribution External links:

Binomial Probability Distribution on TI-89

brownmath.com/ti83/binsho89.htm

Probability Distribution – Statistics and Probability

stattrek.com/probability-distributions/probability-distribution.aspx

### Extended Mathematical Programming External links:

[PDF]Extended Mathematical Programming: …

pages.cs.wisc.edu/~ferris/talks/ice-jul.pdf

[PDF]An Extended Mathematical Programming Framework

pages.cs.wisc.edu/~ferris/talks/SIAMdenver.pdf

### Reputational risk External links:

Reputational Risk Toolkit – ue.org

www.ue.org/reputational-risk-toolkit

Child labour fuels fear of reputational risk – ft.com

www.ft.com/content/89c9f066-d073-11e7-9dbb-291a884dd8c6

### Consumer credit risk External links:

[PDF]Consumer Credit Risk Models via Machine-Learning …

mitsloan.mit.edu/media/Lo_ConsumerCreditRiskModels.pdf

### Risk-adjusted return on capital External links:

Risk-adjusted return on capital (RAROC) – NDOI

www.ndoi.com/dictionary/risk-adjusted-return-on-capital-raroc

Risk-Adjusted Return On Capital – RAROC

www.investopedia.com/terms/r/raroc.asp

### Capital Adequacy Directive External links:

Capital Adequacy Directive definitions – Defined Term

definedterm.com/capital_adequacy_directive

Capital Adequacy Directive – WOW.com

www.wow.com/wiki/Capital_Adequacy_Directive

### Measurable function External links:

Measurable Function | Article about Measurable Function …

encyclopedia2.thefreedictionary.com/Measurable+Function

Borel measurable function | Article about Borel …

encyclopedia2.thefreedictionary.com/Borel+measurable+function

### Borel measure External links:

Borel measure – Encyclopedia of Mathematics

www.encyclopediaofmath.org/index.php/Borel_measure

### JPMorgan Chase External links:

JPMorgan Chase Perks at Work

jpmc.corporateperks.com

Careers | JPMorgan Chase

jpmchase.taleo.net/careersection/2/jobdetail.ftl

Contact Us | JPMorgan Chase & Co.

www.jpmorganchase.com/corporate/Home/contact-us.htm

### Statistical independence External links:

[PDF]Lecture 5: Statistical Independence, Discrete …

www.stat.cmu.edu/~cshalizi/36-220/lecture-5.pdf

### Historical simulation External links:

Filtered Historical Simulation Platform(FHS)

filteredhistoricalsimulation.com/fhs-platform.html

Historical Simulation | Value-at-Risk: Theory and Practice

www.value-at-risk.net/motivation-historical-simulation

[PDF]The Hidden Dangers of Historical Simulation – The Fed

www.federalreserve.gov/pubs/feds/2001/200127/200127pap.pdf

### Systemic risk External links:

H.R.3312 – Systemic Risk Designation Improvement Act …

www.congress.gov/bill/115th-congress/house-bill/3312

Systemic Risk Definition | Investopedia

www.investopedia.com/terms/s/systemic-risk.asp

[PDF]Banking Organization Systemic Risk Report—FR Y-15

www.federalreserve.gov/reportforms/forms/FR_Y-1520151231_f.pdf

### Market portfolio External links:

“Market Portfolio Definition” – investopedia.com

www.investopedia.com/terms/m/market-portfolio.asp

BlackRock Government Money Market Portfolio | …

www.blackrock.com/cash/en-us/products/282860

### Refinancing risk External links:

Refinancing Risk definitions – Defined Term

definedterm.com/refinancing_risk

What is REFINANCING RISK? What does REFINANCING RISK …

www.youtube.com/watch?v=zMCsfCft49M

What is reinvestment risk and refinancing risk? – Quora

www.quora.com/What-is-reinvestment-risk-and-refinancing-risk

### Financial risk management External links:

Graduate Programs in Financial Risk Management | …

risk.business.uconn.edu

What Is Financial Risk Management? | Chron.com

smallbusiness.chron.com/financial-risk-management-43326.html

Healthcare Compliance & Financial Risk Management

www.rcp-solutions.com

### Risk return ratio External links:

Risk Return Ratio Flashcards | Quizlet

quizlet.com/27286119/risk-return-ratio-flash-cards

### Financial governance External links:

Financial governance – Good Governance Guide

www.goodgovernance.org.au/financial-governance/

Financial Governance | Trintech

www.trintech.com/solutions/compliance/financial-governance

Financial Governance Standards | Diocese of Charlotte

charlottediocese.org/finance/financial-governance-standards

### Quantile function External links:

Online calculator: Normal Distribution Quantile function

planetcalc.com/4987/?license=1

### Sharpe ratio External links:

Sharpe Ratio Definition | Investopedia

www.investopedia.com/terms/s/sharperatio.asp

Sharpe Ratio and Duration : CFA – reddit.com

www.reddit.com/r/CFA/comments/7ok60l/sharpe_ratio_and_duration

Sharpe Ratio | Investopedia

www.investopedia.com/terms/s/sharperatio.asp

### Risk management External links:

Risk Management Job Titles | Enlighten Jobs

www.enlightenjobs.com/risk-management-job-titles.php

Education Risk Management | Edu Risk Solutions

www.edurisksolutions.org

Driver Risk Management Solutions | AlertDriving

www.alertdriving.com

### Conditional Value-at-Risk External links:

[PDF]Conditional Value-at-Risk: Theory and Applications

www.maths.ed.ac.uk/~prichtar/docs/Kisiala_Dissertation.pdf

### Sampling error External links:

Non-Sampling Error – Investopedia

www.investopedia.com/terms/n/non-samplingerror.asp

Statistics: Power from Data! Non-sampling error

www.statcan.gc.ca/edu/power-pouvoir/ch6/nse-endae/5214806-eng.htm

Sampling error Flashcards | Quizlet

quizlet.com/85943478/sampling-error-flash-cards

### Commodity risk External links:

Commodity Risk Management Group | CRMG

www.crmg.us

eoiMetrics Inc. – COMMODITY RISK MANAGEMENT …

www.eoimetrics.com

Commodity Risk- Foreign Exchange Risk and Geographical Risk

www.thebalance.com/foreign-exchange-geographical-risk-808924

### Operational risk External links:

Elements of an Operational Risk Management Program

www.aba.com/Training/Online/Courses/Pages/OTBRM-EORMP.aspx

Operational Risk Management Training & Resources | …

www.rmahq.org/operational-risk

ABA Certificate in Operational Risk Management

www.aba.com/Training/DC/Pages/ormcertificate.aspx

### Basis risk External links:

[PDF]Using Futures Spreads to Manage Basis Risk Cattle – …

www.cihedging.com/assets/cih/beefmargin/FutureSpread.pdf

Zero Basis Risk Swap – ZEBRA – investopedia.com

www.investopedia.com/terms/z/zebra.asp

Basis risk definition – Risk.net

www.risk.net/definition/basis-risk

### Risk metric External links:

Risk Measure vs. Risk Metric

www.value-at-risk.net/risk-measures

[PDF]Risk Metric for Multi-Objective Design of Naval Ships

www.dept.aoe.vt.edu/~brown/VTShipDesign/ASNE2003RiskPaperRevised.pdf

[PDF]A. Environmental Risk Metric – capindex.com

capindex.com/wp-content/uploads/ASIS_Report_CAPOnly1.pdf

### Settlement risk External links:

[PDF]Notice of Closing or Settlement Risk – Missouri

insurance.mo.gov/laws/documents/FormT-32008-06-25.pdf

Settlement Risk – investopedia.com

www.investopedia.com/terms/s/settlementrisk.asp

Settlement risk news and analysis articles – Risk.net

www.risk.net/risk-management/settlement-risk

### Market risk External links:

Market Risk – Definition and Other Information

hedgefund-index.com/d_marketrisk.asp

[PDF]SENSITIVITY TO MARKET RISK

www.fdic.gov/regulations/safety/manual/section7-1.pdf

### Financial risk modeling External links:

Statistics.com – Financial Risk Modeling

www.statistics.com/financial-risk-modeling

### Economic capital External links:

Aligning CCAR and Economic Capital | Accenture

www.accenture.com/us-en/insight-future-stress-testing

Economic Capital – investopedia.com

www.investopedia.com/terms/e/economic-capital.asp

### Satyajit Das External links:

Satyajit Das – Home | Facebook

www.facebook.com/Satyajit-Das-626983277395134

Listen to Audiobooks by Satyajit Das | Audible.com

www.audible.com/search?searchAuthor=Satyajit+Das

Articles By Satyajit Das – The Daily Reckoning

dailyreckoning.com/author/sdas

### Espen Gaarder Haug External links:

Espen Gaarder Haug (@EGHaug) | Twitter

twitter.com/EGHaug

Author Page for Espen Gaarder Haug :: SSRN

papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=150825

### Distortion function External links:

Low Distortion Function Generator – DS360

www.thinksrs.com/products/DS360.htm

[PDF]Model DS360 Ultra Low Distortion Function Generator

www.thinksrs.com/downloads/PDFs/Manuals/DS360m.pdf

### Risk-free interest rate External links:

Risk-Free Interest Rate Definition – NASDAQ.com

www.nasdaq.com/investing/glossary/r/risk-free-interest-rate

What is Risk-free Interest Rate? definition and meaning

www.investorwords.com/12292/risk_free_interest_rate.html

### Rogue trader External links:

Rogue Trader (1999) – IMDb

www.imdb.com/title/tt0131566

Rogue trader Kweku Adoboli fights deportation to Ghana

www.ft.com/content/1f7815c4-6dd5-11e5-aca9-d87542bf8673

The ‘Rogue Trader’ Who Got Away with It – Newsweek

www.newsweek.com/rogue-trader-who-got-away-it-271105

### Entropic value at risk External links:

Entropic value at risk – WOW.com

www.wow.com/wiki/Entropic_value_at_risk

### Random House External links:

Desk/Exam Copy — Random House Academic

www.randomhouseacademic.com/desk-exam-copy

Random House Kids – YouTube

www.youtube.com/user/RandomBooks

Desk Copies — Penguin Random House

www.randomhouseacademic.com/desk-copies

### Financial correlation External links:

Financial Correlation Modeling Bottom up approaches – …

www.youtube.com/watch?v=M0rm1p1gahA

FCT – Financial Correlation Table | AcronymAttic

www.acronymattic.com/Financial-Correlation-Table-(FCT).html

[PDF]Noise Dressing of Financial Correlation Matrices – MIT

web.mit.edu/18.325/www/rmt_finance2.pdf

### Shape risk External links:

[PDF]How luck and fortune shape risk-taking behaviors

scholarcommons.usf.edu/cgi/viewcontent.cgi?article=6759&context=etd

### Tail conditional expectation External links:

Awesome Bookcase Design. Tail Conditional Expectation …

www.pinterest.com/pin/315814992591980017

[PDF]Using Tail Conditional Expectation for capital …

pascal.iseg.utl.pt/~alfredo/ftp/papers/tailvar.pdf

[PDF]Tail Conditional Expectation for the Multivariate …

rd.springer.com/content/pdf/10.1007/s11009-009-9131-9.pdf

### The Black Swan External links:

The Black Swan (1942) – IMDb

www.imdb.com/title/tt0034522

The Black Swan Dress Boutique

www.theblackswandressboutique.com

The Black Swan Hair Salon Vero Beach

www.theblackswansalon.com

### Financial economics External links:

Review of Financial Economics – Journal – Elsevier

www.journals.elsevier.com/review-of-financial-economics

Overview – M.S. in Quantitative Financial Economics

business.okstate.edu/watson/msqfe

Duke Financial Economics Center | Duke Economics …

econ.duke.edu/dfe

### Coherent risk measure External links:

3. VAR, ES, coherent risk measure (1) – YouTube

www.youtube.com/watch?v=EtpkpN7ESTU

Efficient hedging with coherent risk measure – …

www.sciencedirect.com/science/article/pii/S0022247X04000800

Coherent Risk Measure Homework Help

myhomeworkhelp.com/coherent-risk-measure-homework-help

### Risk parity External links:

Risk Parity – Copenhagen Business School

studenttheses.cbs.dk/handle/10417/4977

What Is Risk Parity? – WSJ

www.wsj.com/articles/what-is-risk-parity-1502071260

Risk Parity | Investopedia

www.investopedia.com/terms/r/risk-parity.asp

### Cyber risk quantification External links:

Global Cyber Risk Quantification Update: Data, Models …

www.soa.org/prof-dev/events/2017-global-cyber-risk

### Volume risk External links:

Volume Risk and Price Risk | TAS Royalty

tasroyalty.com/blog/volume-risk-and-price-risk

Hedging local volume risk using forward markets: Nordic …

www.sciencedirect.com/science/article/pii/S0140988317303584

### Distortion risk measure External links:

[PDF]Distortion Risk Measure or the Transformation of …

link.springer.com/content/pdf/10.1007/978-3-319-07524-2_2.pdf

### Value at Risk External links:

Value At Risk – VaR – Investopedia

investopedia.com/terms/v/var.asp

[PDF]VALUE AT RISK (VAR) – New York University

people.stern.nyu.edu/adamodar/pdfiles/papers/VAR.pdf

An Introduction To Value at Risk (VAR) – Investopedia

www.investopedia.com/articles/04/092904.asp

### Mathematical Reviews External links:

Mathematical Reviews, American Mathematical Society

www.mathjobs.org/jobs/jobs/10667

Mathematical Reviews Guide For Reviewers

mathscinet.ams.org/mresubs/guide-reviewers.html

Mathematical Reviews/Mathscinet | Facebook

www.facebook.com/mathscinet