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Best Books On Risk Management in Banks

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This article showcases our top picks for the Best Books On Risk Management in Banks. We reached out to industry leaders and experts who have contributed the suggestions within this article (they have been credited for their contributions below).

We are keen to hear your feedback on all of our content and our comment section is a moderated space to express your thoughts and feelings related (or not) to this article This list is in no particular order.

Bank Regulation, Risk Management and Compliance by Alexander Dill

This product was recommended by Malte Scholz from Airfocus

This book focuses on the US banking system and provides a framework to help everybody understand basic criteria for risk management and compliance. It is a compact guide that has all the necessary information about 4 major areas of bank regulation as well as supervision. Some of the topics that are also covered include mitigation of credit, interest rate, market and operational risk. Dill has written this book for some of the best financial and legal experts to read and it may be too complex for a wider audience. One good thing is the option to download chapter 6 for free and get the sense of the entire book in advance.

Credit Scoring for Risk Managers by Elizabeth Mays

This product was recommended by Bradley Stevens from LLC Formations

If you’re in the banking sector and want to gain knowledge on credit scoring and risk management, then this book by Elizabeth Mays is for you. The book gives an understanding of how credit scoring can be used to the best of its abilities throughout the loan life cycle that a lender is a part of. In today’s world credit scores play a vital role for almost every asset that you may need a loan for. This is why risk managers need to have a hold of managing and monitoring scores, which Elizabeth May’s book helps with.

Money. Wealth. Life Insurance by Jake Thompson

This product was recommended by Bradley Stevens from LLC Formations

This book by Jake Thompson is a best seller on Amazon, and is worth the price it charges too. The book gives an intel to an alternative to the risky investment strategies that are taught by Wall Street. The reason why I recommend this book is because it focuses on details such as creating an efficient cash value life insurance which is designed to supercharge one’s savings and stockpile their wealth. The strategies that have been discussed in this book have been implemented by famous companies and businesses such as Walt Disney, JC Penney, Ray Kroc, and many more.

Operational Risk Management By Ariane Chapelle

This product was recommended by Melanie Musson from CSInsurance

This book is written specifically for risk management in banks and financial institutions, so it shares information and advice tailored to those needs. The author has extensive experience in the field and communicates clearly and pointedly. The first step to risk management is risk assessment and understanding vulnerability, and this book covers that thoroughly. It also gives the reader tools to calculate their institution’s risks and help manage them in the most beneficial way.

Risk Management and Financial Institutions by John C. Hull

This product was recommended by Jennifer Willy from Etia

It explains all aspects of financial risk and financial institution regulation, helping you better understand the financial markets―and their potential dangers.

Asset Management at Central Banks and Monetary Authorities by Jacob Bjorheim

This product was recommended by Jennifer Willy from Etia

Asset Management at Central Banks and Monetary Authorities by Jacob Bjorheim highlights how these assets are managed, providing an intellectual and practical contribution to an under-researched field of central bank responsibilities.

Risk Management in Banking by Joël Bessis

This product was recommended by Jennifer Willy from Etia

Risk Management in Banking by Joël Bessis is a comprehensive reference for the risk management industry, covering all aspects of the field. Now in its fourth edition, this useful guide has been updated with the latest information on ALM, Basel 3, derivatives, liquidity analysis, market risk, structured products, credit risk, securitizations, and more.

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