BlackRock's Guide to Fixed-Income Risk Management

An irreplaceable roadmap to modern risk management from renowned experts on the subject

Edited by a co-founder and the former Chief Risk Officer of BlackRock―the world’s largest asset manager―BlackRock’s Guide to Fixed-Income Risk Management delivers an insightful blueprint to the implementation of a comprehensive investment risk management framework for buy-side firms. Leveraging the unprecedented academic and professional experience of current and former senior leaders in BlackRock’s risk and portfolio management functions, as well as trading, financial modeling, and analytics experts, the book serves a practitioner’s guide to investment risk management, leveraging BlackRock’s risk management framework. The included chapters combine to provide chief investment officers, risk managers, portfolio managers, researchers, and compliance professionals an approach to investment risk management well-suited for today's and tomorrow's markets. The book also presents:

• Critical elements that underpin a strong risk management program and culture
• Fixed income risk management concepts and theories that can be applied to other asset classes
• Lessons learned from financial crises and the COVID-19 Pandemic

Ideal for undergraduate students and students and scholars of business, finance, and risk management, BlackRock’s Guide to Fixed-Income Risk Management is a one-of-a-kind combination of modern theory with proven, practical risk management strategies.

Bennett W. Golub is one of the original founders of BlackRock. During his 34-year career at BlackRock, Dr. Golub was a member of BlackRock’s Global Executive Committee, co-head of its Risk & Quantitative Analysis group and served as BlackRock’s Chief Risk Officer from 2009―2022. Additionally, he co-founded BlackRock Solutions. Currently, Dr. Golub serves as a Senior Advisor to BlackRock.