by Glyn Holton | Jan 3, 2023
The risk manager slumped behind his desk. It had been a long day, troubleshooting the latest emergency. He was tired. We both were. He was coming to terms—everyone was—with the fact that there would be no bonuses this year. Bonuses were tied to the firm achieving its...
by Glyn Holton | Nov 5, 2019
A lot of people who receive your risk report never read it. Here is a simple fix: Add narrative, qualitative information. Years ago, a client asked me to attend his firm’s corporate board meeting. I got a front row seat for how one closely-held...
by Glyn Holton | Oct 11, 2018
The power of value-at-risk lies in ints generality. Unlike market risk metrics such as the Greeks, duration or beta, which are applicable to only certain asset categories or certain sources of market risk, value-at-risk is general. It is based on the probability...
by Glyn Holton | Jun 6, 2016
You finally did it! You landed that senior risk management position at a fabulous firm. The job search took a while, and the vetting was intense. But you made the cut. They chose you! A bigger challenge is yet to come. Starting a new job is exciting. It can also be a...
by Glyn Holton | Nov 20, 2014
I have written about it before, and I am sure I will write about it again. … how financial risks that devastate firms aren’t random occurrences, as if the gods on Olympus toss dice to determine a company’s fate. No. There are causes. And these are usually...
by Glyn Holton | Aug 13, 2014
Imagine you are presenting to the board about risk management. The presentation is going well, and you are about to finish up when a board member stirs. He hasn’t said a word the entire meeting, so this is his chance to look smart. He asks “What are you...