How much importance is the FRM certification course? @GARP_Risk
If you have no background in Banking and Finance subjects, it is better for you to do an FRM / PRM and the other professional qualifications in risk offered by various bodies and institutes around the world.
I am sorry, but with this sort of garbage, you won’t be able to impress employers at the highest level, who are looking for mature #ERM Specialists with industry-specific experiences and learning or Quants with exceptional degrees from the top most unis.
Most of my bosses, who were SEOs at banks and funds, didn't have any Risk certificate, but they knew the processes inside out!
Learning risk taxonomy is one thing and applying risk insights into problems with authorizations is something that requires professional expertise.
Secondly, the FRM / PRM certificates are not very good at teaching advance mathematical models, risk computing in Excel/ VBA Macros and/ or Advance programming in either SQL (Query relation database language) or further risk coding done in either R or Python or SAS, etc.
The IT / MIS and risk systems understanding is the first few things a risk headhunter requires and inquires about concerning a Financial risk desk role at FIs.
They (the headhunters) wouldn't settle for anything less!
So, I would advise you to pass the CERA (SOA - Society of Actuaries) Certificate or probably the CQF - Certificate of Quantitative Finance qualification/s.
These two certifications might do you a lot of good, instead of wasting time with the definitions of market risk, credit, liquidity and operational risk and so on etc.
Good Luck!
If I want to work as a quant should I pursue a Masters in Data Science or a Master of Financial Engineering? @CQFInstitute@MITSloan
I might be capable to offer my two cents based on my direct experiences as a risk manager working in the asset management and commercial banking sectors of the economy.
Hence, you might obtain a lopsided view, but something is worthier than nothing?
Data Science and Machine Learning are becoming all so popular these days.
I believe ML - Machine Learning in Finance and Investing will be the hottest talk of the town in the coming days!
What is the difference between a master in financial risk management and a master in quantitative finance? Which is harder? @GARP_Risk
Risk Management focuses on loss identification, measurement, management and monitoring.
It's a Negative or Hazardous Incidence Reporting focussed science which has to be perfected and practised as a management art.
In a standard Financial Risk Degree, you might learn Financial Risk Management, ERM - Enterprise Risk Management and other aspects of Actuarial Sciences and/or QRM - Quantitative Risk Management which becomes very mathematical in overall terms.
Nations that fail economically gradually become Hyper-Nationalistic.
To name a few over the last century and in recent cases studied up to now included the 3rd Reich, Italy, possibly Imperial Japan due to USA Sanctions before WW2, USSR, and India and the USA(as seen under Trump).
Definitely, #China, as we study its example in a Political Science Masterclass, has become more and more nationalistic, since 79
The recent spade of CoronaVirus coupled with President Xi's style of governance will lead Chinese rhetoric to create more nationalistic hyperbole!
Also, Malaysia, which was largely a lame-duck nation with hardly any notable say on any sort of geostrategy or geopolitical matters, became extremely right-wing and Ultra-Nationalistic under @chedetofficial when the 1997 AFC- Asian Financial Crisis, swept away most of the region
Oh, yes, quantitative engineers are vital to economic development and its wide-ranging processes!
However, nobody realized back in the early 1980s, that engineers would move out of tangible industries and services drove value-adding sectors of the real economy such as the constructions and productions engineering businesses and industries,
into the fast-moving and computing non-tangible sectors, which are banking, finance and asset management services economy.
I have been asked to do a detailed write-up on what does and does not constitute risk management.
There is a lot of confusion within the scholarly cum practitioner domain, as many topics are unjustly added or deleted from academic curriculums and workshop topical course outlines
Risk Management has a wide scope both within the financial services and non-financial services industry.
Especially, Risk as a subject has greatly benefited from the transfer of applicable and vocational knowledge outside the Insurance Field, over the years.
Risk as a profession, which was and continues to be dominated by Applied Statisticians, and Mathematicians, generally fitted well into the #Actuarial Domain, but, only until recently, when scholars from other non-related professions jumped into the market, offering afresh ideas.
What is Equity #Portfolio#Risk Management?
If I understand your question correctly, the Equity Portfolio Risk Management should be primarily be concerned with managing the market and liquidity risk of Equity or akin linked Securities. @GARP_Risk@CQFInstitute@icmacentre@ICMA
Other Portfolio Investment Management Risks might include =>
1.Transactional Risk
2.Price and Fair Value Modelling Risk 3.Financial Reporting Risks 4.Trading Microstructure Risks 5.Legal Risk
6.Hedging Risk using Risk Financing Methods
Investments and/or trades in the Equity Securities aka company issued shares generally falls into three-segmented and specialized market categories =>