This article showcases our top picks for the best books on financial risk management. 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.
Risk Management by Greg Shields
This product was recommended by Rishi Chawla from Premier Brains
This book can help you deeply understand financial risk management by citing practical ways of dealing with it. It can also introduce you to the terms usually attached to it to be more educated, which helps you be a better entrepreneur. This book can also help you make wiser decisions involving your businesses’ financial health.
The Essentials of Risk Management By Michel Crouhy
This product was recommended by Melanie Musson from Loans
Whether you’re an experienced risk professional or you’re just beginning to learn about financial risk, this book will provide you with valuable information. It’s easy to understand but packs insight into every step of the risk management process that it covers. You may want to take notes as you read and come back to certain chapters as needed later. Surprisingly, it engages the reader and steers clear of becoming too dry and academic.
Financial Risk Management by Steve L. Allen
This product was recommended by Lisa Arlington from Giftsnerd LLC
In this second edition of his book, market risk expert Steve Allen discusses the strategies, principles, and measurement techniques necessary to manage and measure financial risk. In light of the 2008 global financial crisis, this book discusses the entire field of risk management in a comprehensive manner. The book focuses on real-world issues such as structuring limits to control risk-taking and a review of mathematical models and how they can contribute to risk control. This book offers a lot to learn about risk management from a practical perspective, as it has everything related to real-world examples.
Elements of Financial Risk Management by Peter Christoffersen
This product was recommended by Lisa Arlington from Giftsnerd LLC
The author of this book Peter Christoffersen is the TMX chair in capital markets and a fellow of the Bank of Canada. This is one of the best-selling financial management books, and its second edition spreads to an advanced approach to financial risk models by covering market, credit, and integrated risk. This book makes your learning experience more interesting by offering end-of-chapter questions and exercises, as well as an Excel-solutions manual. This supports its step-by-step approach to choosing tools and solving problems.
The Intelligent Investor by Benjamin Graham
This product was recommended by Damon Routzhan from Concrete Candles
The Intelligent Investor is one of the best selling financial risk management books currently, and has been rated 13,584 4.5 stars on Amazon. Benjamin Graham has made this book into a stock market bible for the people of the financial sector. They preach and praise it. The Intelligent Investor is a revised version of Graham’s original text, and includes updated commentary by Jason Zweig. It also draws the similarities and differences between Graham’s examples and today’s financial examples. If you’re someone who is really into finance and financial risk management, then do give this book a read!
Financial Enterprise Risk Management by Paul Sweeting
This product was recommended by Damon Routzhan from Concrete Candles
Paul Sweeting’s book covers all the essentials and the details that you need to know for enterprise risk management. It has all the information for the tools that are needed for building and maintaining an ERM framework. He has also discussed an array of quantitative and qualitative techniques that can be used for financial risk mitigation. It’s the complete guide that any finance expert may need!
