#Actuarial Risk Management of Pension Funds is a highly specialized field.
This work needs both knowledge and understanding of #Actuarial#Mathematical Methods and #Financial Risk Models. #LDI (Liability driven investing) & CDI(Cashflow Driven Investing) have unique feature risks
Also, #ILS Insurance-Linked Securities and ART Alternative Risk Transfer Products are other asset classes which need a new set of risk management skillsets, which includes both actuarial maths and an enhanced understanding of NAT CAT Events with combined effects.
Actuaries and Risk Managers must master the craft and science of side-pocket investing in the Insurance Securities Market based on Risk Transfer Methods applied.
Many investment management students mix up #ART with Alternative Investment Asset Classes.
Alternative Risk Transfer and Risk Financing has got little to do with AAM Alternative Asset Management. @CAIAAssociation
#Actuaries need to make themselves more marketable and accessible to other industries.
Only working within Life Insurance is not a long-term career option.
Also, Actuaries must master data science coding techniques and learn how to work within data frames.
Modern Insurance, Asset Management and Banking cannot overlook the importance of Analytics and DS, including Machine Learning and Ai.
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Planning to do an #MBA without having any work experience.
Don't do it!
It's a sheer waste of money, time and energy.
In any case, you don't need to learn to invest $70,000+ in case studies, symposiums and business seminars.
If you have that much money, better opt for a specialized qualification which leads to skill development, or why not start your own venture using rational common sense?
By the way, have you ever asked your business studies professor if he or she has ever worked for a day in any organization on a full-time basis?
Most of these top-notch business studies/management science scholars have little to no practical experiences to share.
What we can learn from Singapore @MAS_sg during its early period from a systemic risk management perspective-> 1. Building of forex reserves under Dr Goh after Independence 2. Accumulation and Placement of the Currency Reserves 3. Diversification of the reserves
A case study.
I wish countries, which are today struggling to mobilize hard reserve currency, should make the example of Singapore under Dr Goh a part of their compulsory reading curriculum.
If a tiny city-state can do it, others can follow a good example too. #SriLankaCrisis#Pakistan
Yes, Encashable Precious Metals, Commodities and other Fossil Fuel Reserves/Inventory, such as oil/gas, should be added to the FX Reserves.
I believe Forex Reserves Reporting Methodology needs some fine-tuning by @BIS_org
Capital controls are coming soon.
Most of the countries are facing balance of payments risk, and some of them are teetering on the brink of default on financial contracts, and Multilateral Loans borrowed in the past, might reduce capital mobility, and some might impound FX A/cs.
The last tweet was about the context of the developing world and some Emerging Markets Economies.
Some people on this forum are talking preposterously about sovereign credit risk and default
That Argentina defaulted nine times, etc
What rudderless intellectualism is this?
If a country defaults, it has the potential to create multiple problems having multifaceted dimensions
How much #Maths is needed in Private Equity (also when compared to Hedge Funds or Investment Banking for example)? @CAIAAssociation@CAIA_Blog
Private Equity requires a good understanding of Finance and especially sector-specific finance such as Real Estate Finance Investments
In my opinion, the techniques used to model PE transactions have a lot in common with those that are applied to Listed Equity.
It has some maths in it, but nothing out of the world!
Unless you are doing financial risk management assignments, which means you will be applying the standard tools that are used elsewhere, such as #VaR ( translates into ICAR - Invested capital at risk in the PE Industry).
Mostly, Actuarial Science Students and Mathematical Statistics graduates have found refuge in other interdisciplinary professions such as FRM -Financial Risk Management/ Economic Capital Modeling, ERM -Enterprise Risk Management - by doing the CERA offered by @SOActuaries 1/1
Retirement Fund Management, Data Sciences and Machine Learning, Computational Finance, Financial Engineering, Quantitative Trading and Portfolio Management, Health Economics, Operations Research and Industrial Engineering Topics, Financial Regulation of Systemic Risk, etc.
1/2
The Industries of Life and/or General Insurance, are considered to be the largest employers, of actuaries in the financial services industry are no longer relevant. Big 4 hire Actuaries and Statisticians to assist various Machine Learning and Data Science related projects.
1/3
Extremely well-educated people with a scholarly inkling don't do well in the Third World.
Comparatively, professionals with average skill sets do much better in mediocre workplaces, because they communicate in a language which simple-minded colleagues & customers comprehend
I remember working with an office chap who only understood business transactions and outcomes in terms of bookkeeping and accounting entries.
His mind never went beyond management or financial accounting.
No lateral thinking at all!
He was later sacked by the Shareholders.
The biggest challenge comes when you are asked to do your job and also explain things to others to prove you are right to justify your worth.
This kind of job is the most stressful.
Teaching and training colleagues once in a while it is fine, but, 5 days a week, is not helpful.