Risk Management in Finance: Six Sigma and other Next Generation Techniques

358 Pages·2009·0.97 MB·English

by  Anthony Tarantino

Risk
Management
in Finance
Six Sigma and Other
Next-Generation Techniques
ANTHONY TARANTINO
DEBORAH CERNAUSKAS
John Wiley & Sons, Inc.

Risk
Management
in Finance
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Risk
Management
in Finance
Six Sigma and Other
Next-Generation Techniques
ANTHONY TARANTINO
DEBORAH CERNAUSKAS
John Wiley & Sons, Inc.
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LibraryofCongressCataloging-in-PublicationData:
Tarantino,Anthony,1949–
Riskmanagementinfinance:sixsigmaandothernextgenerationtechniques/Anthony
Tarantino,DebCernauskas.
p. cm.
Includesbibliographicalreferencesandindex.
ISBN978-0-470-41346-3(cloth)
1.Financialriskmanagement. I.Cernauskas,Deb,1956– II.Title.
HG173.T346 2009
658.15′5–dc22
2008052035
PrintedintheUnitedStatesofAmerica
10 9 8 7 6 5 4 3 2 1
To Winkey, Peapod, and SanSan
—A.T.
To Mom for her continued support
—D.C.

Contents
Preface xv
Acknowledgments xix
AbouttheContributors xxi
CHAPTER1
Introduction 1
OrganizationofThisBook 3
WhyReadThisBook? 4
Note 4
CHAPTER2
DataGovernanceinFinancialRiskManagement 5
Introduction 5
DataGovernanceCenterofExcellence 6
DataGovernanceAssessment 8
DataGovernanceMaturityModel 8
BestPracticesinDataGovernance 10
Conclusion:Next-GenerationTechniquestoReduceData
GovernanceRisk 12
Notes 13
CHAPTER3
InformationRiskandDataQualityManagement 15
Introduction 15
OrganizationalRisk,BusinessImpacts,andDataQuality 15
Examples 17
DataQualityExpectations 19
MappingBusinessPoliciestoDataRules 21
DataQualityInspection,Control,andOversight:Operational
DataGovernance 21
ManagingInformationRiskviaaDataQualityScorecard 22
Summary 24
Notes 24
vii