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It highlights GARP as a not-for-profit global association with a large worldwide membership, and describes its education, training, and best-practice focus via the FRM and GARP Risk Academy. The deck explains risk management career pathways, core risk management principles, functional pillars (measure, monitor, manage), and how risks are measured and communicated through multi-measure reporting, monitoring, scenario analysis, stress testing, and ongoing risk dialogue and governance.",{"@graph":69,"@context":123},[70,84,106],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":40,"@type":76,"position":81},"https://docshare.wps.com/document/research-report/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/garp-university-presentation-depaul-university-finance-department-april-2008/203223/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/garp-university-presentation-depaul-university-finance-department-april-2008/203223.png","ImageObject",300,407,{"name":92,"@type":93},"Stanley","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-27","2026-09-04",true,{"@type":102,"interactionType":103,"userInteractionCount":105},"InteractionCounter",{"@type":104},"ViewAction",17,{"@type":107,"mainEntity":108},"FAQPage",[109,115,119],{"name":110,"@type":111,"acceptedAnswer":112},"What is GARP’s core vision and mission?","Question",{"text":113,"@type":114},"GARP’s vision is to build greater confidence in the global financial system. Its mission is to lead as a professional association for risk managers, advancing the risk profession through education, training, and global best practices.","Answer",{"name":116,"@type":111,"acceptedAnswer":117},"How does the presentation describe the main functions of risk management?",{"text":118,"@type":114},"It outlines three functions: measure risk, monitor risk, and manage risk. It also emphasizes strategies like risk modeling, reporting, risk limits, hedging, and exposure reduction.",{"name":120,"@type":111,"acceptedAnswer":121},"What are the key ideas behind measuring and communicating risk?",{"text":122,"@type":114},"The deck states there is no single summary statistic for each risk type, so risk reports must use multiple measures. It also covers monitoring and reporting practices, scenario analysis and stress testing, and regular risk dialogue with trading desks and risk committees.","https://schema.org",{"og:url":83,"og:type":125,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":127,"canonical":83},"index,follow",{"doc_id":129,"site_id":62},203223,1788557269,{"code":4,"msg":5,"data":132},{"doc_id":129,"user_id":133,"nickname":92,"user_avatar":134,"doc_module":4,"category_id":39,"category_name":40,"doc_title":65,"doc_description":67,"doc_content":135,"file_id":136,"file_url":137,"file_type":138,"file_size":139,"view_count":105,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":140,"language":141,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":142,"faqs":143,"seo_title":144,"seo_description":67,"update_tm":130,"read_time":145,"preview_page_count":4},2336477405376,"https://ap-avatar.wpscdn.com/davatar_29158cc5080c5b710cf443261637dec0","Global Association of Risk Professionals  \nChristopher Donohue, Ph.D. GARP Research Center [chris.donohue@garp.com](chris.donohue@garp.com)  \nRecep Bildik, Ph.D. GARP Research Center [recep.bildik@garp.com](recep.bildik@garp.com)  \nDePaul University Finance Department  \nApril 2008   \nDePaul University Finance Department  \n• Introduction to GARP  \n• Risk management as a career  \n• GARP’s resources  \n2  \nGARP HIGHLIGHTS  \nOur Core Vision  \nTo build greater confidence in the global financial system.  \nOur Mission Statement  \nTo be the leading professional association for risk managers, managed by and for its members dedicated to the advancement of the risk profession through education, training and the promotion of best practices globally.  \n• Not‐for‐profit independent association  \n• Over 69,000 members worldwide from more than 167 countries  \n• Members represent over 5,000 different companies, including banks, asset management firms, insurers, academic institutions, government regulatory bodies, and other financial institutions  \n• Developing standards around the world through our FRM® program and GARP Risk Academy  \n• Practice‐oriented  \n• Offices in greater New York City and London  \n– Expanding in Asia  \nHelping the financial risk management community make a  \ndifference in the world.  \n3  \nGARP AROUND THE WORLD  \nOur members are in 167 countries on six different continents.  \n19,540  \n13,241  \n29,868  \n952  \n1,265  \n4  \nGARP BOARD OF TRUSTEES  \nActive involvement from some of the world’s most renowned financial risk management professionals in the academic and corporate sectors.  \n| Name | Position | Company |\n| --- | --- | --- |\n| Richard Apostolik | President and CEO | GARP |\n| Kenneth Abbott | Managing Director | Morgan Stanley |\n| Robert Ceske | Chief Risk Manager, Treasury & Global Funding | GE Capital |\n| Thomas Daula | Chief Risk Officer | Morgan Stanley |\n| Sebastian Fritz | Global Head, Operational Risk | Deutsche Bank |\n| Michael Hofmann | Chief Risk Officer | Koch industries, Inc. |\n| Donna Howe | Managing Director | UBS Securities |\n| Jaidev Iyer | MD, Global Head Operational Risk, Citi Markets & Banking, Global Head Payments Systems Risk | Citigroup |\n| Fredric Lau | Executive Director, Head of Group Risk Management | Dah Sing Bank |\n| Jacques Longerstaey | Chief Risk Officer | Putnam Investments |\n| Victor Makarov | Former Regional Head of Risk Management | Rabobank ‐ Americas |\n| William Martin (Chairman) | Chief Risk Officer | Columbia Management Group, Bank of America |\n| Michelle McCarthy | SVP, Enterprise Market & Operational Risk Management | Washington Mutual Bank |\n| Avinash Persaud | Chairman & Emeritus Professor of Gresham College | Intelligence Capital Ltd |\n| Riccardo Rebonato | Head, Global Market Risk | Royal Bank of Scotland Group |\n| Robert Scanlon | Chief Risk Officer, Wholesale Bank | Standard Chartered bank |\n| David Shimko | Principal | Towers‐Perrin Risk Capital |\n| René Stulz | Everett D. Reese Chair, Banking and Monetary Economics | The Ohio State University |\n| Peter Tufano | The Sylvan Coleman Professor of Financial Management | Harvard University |\n| Mark Wallace | Managing Director, Global Strategic Projects | Credit Suisse |\n\n5  \nRISK MANAGEMENT FUNCTIONS  \n• Measure risk  \n– Developing methods to measure risk  \n– Position data and risk modeling  \n• Monitor risk  \n– Developing systems to monitor risk  \n– Timely risk reporting and dialogue  \n• Manage risk  \n– Developing strategies to manage risk  \n• Applying financial risk management tools to reduce exposures  \n– Risk budgeting and risk limits  \n– Hedging and eliminating risks  \n6  \nCentral Tenets of Risk Management  \n• Risk‐taking is fundamental to financial intermediation and economic development  \n• Effectively managing risks associated with a business is a critical and intrinsic responsibility of management  \n• Objectives of risk‐taking  \n– Active  \n– Prudent  \n– Balanced (across asset classes, types, businesses, etc. )  \n– Comm","cbCaicjIQSDdguVg","https://ap.wps.com/l/cbCaicjIQSDdguVg","pdf",1112561,36,"English","# Introduction to GARP\n## Risk management as a career\n## GARP’s resources\n# GARP Highlights\n## Core vision and mission\n## Global membership and programs\n# GARP Around the World\n# GARP Board of Trustees\n# Risk Management Functions\n## Measure risk\n## Monitor risk\n## Manage risk\n# Central Tenets of Risk Management\n## Risk-taking and management responsibility\n## Integrated approach and credibility\n## “No surprises” principle\n# Risk Management - Graphically\n# Measuring and Communicating Risk\n## Multiple measures and reporting\n## Monitoring, scenarios, stress testing\n## Risk dialogue and communication","[{\"question\":\"What is GARP’s core vision and mission?\",\"answer\":\"GARP’s vision is to build greater confidence in the global financial system. Its mission is to lead as a professional association for risk managers, advancing the risk profession through education, training, and global best practices.\"},{\"question\":\"How does the presentation describe the main functions of risk management?\",\"answer\":\"It outlines three functions: measure risk, monitor risk, and manage risk. It also emphasizes strategies like risk modeling, reporting, risk limits, hedging, and exposure reduction.\"},{\"question\":\"What are the key ideas behind measuring and communicating risk?\",\"answer\":\"The deck states there is no single summary statistic for each risk type, so risk reports must use multiple measures. It also covers monitoring and reporting practices, scenario analysis and stress testing, and regular risk dialogue with trading desks and risk committees.\"}]","GARP University Presentation - DePaul University Finance Department (April 2008) | PDF",91]