Models at Work – now available for sale on

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Models at work, the new text book for practical risk management is now available for sale on The book’s electronic edition will hit the store on 13th December 2013, just two weeks before yearend. The print edition will be available in stores on 8th January 2014.

The book is based on ten years of teaching notes and Q&A sessions from training workshops I have run in the Middle East, Far East & Pakistan. With 650 pages and over 500 illustrations it owes its existence to probing questions from my students in Dubai, Abu Dhabi, Singapore, Bangkok, Kula Lumpur, Riyadh & Karachi. The teaching notes are based on two decades of practice in the region working with back office, treasury, risk & regulatory reporting platforms in the MENA region. Rather than taking a purely academic approach the book focuses on ground realities. There are no silver bullets in risk managements, only crude approximations.

I wrote the book because as a teacher and trainer I couldn’t find a self contained text that did a good job of bringing risk, models, pricing, simulating & reporting themes in one book. Maybe that is too much to ask but when tasked with teaching both risk and derivative pricing in one short week to Executive MBA students, an instructor has to get creative. As students requested more background reading materials I started sharing my teaching notes with them on the site. Six years later we ended up with eight hands on chapters that mixed usage and practice with models and Excel, another 12 chapters of supporting and supplementary materials including cases, data sets and a crash course in elementary derivative pricing.

The book is being published by Palgrave Macmillan, an imprint of Macmillan publishers in UK and is the fully revised and updated 3rd edition of the old, Risk Frameworks and Applications text book I had used in the FD (Financial Derivatives), FDRM (Financial Derivatives & Risk Management), RM & Derivatives course at the SP Jain campus in Dubai and Singapore starting 2007. I am now working on the 2nd book in the two book deal I signed with Macmillan earlier this year.

More on Models at Work

To read more about the book and its background check out its coverage on this blog over the last few months:

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  • Hard cover Edition
  • Kindle Edition