A Career in Banking
SUMMARY: Highly sophisticated spreadsheet and modelling techniques are used to assess the inherent risk in trading positions. You will work very closely with traders monitoring daily limits and reviewing profit and loss. You could be involved in scenario analysis quantifying how much money would be lost if hypothetical market movements occurred and also playing a pivotal role in risk model valuations, utilising value-at-risk predictions and comparing different methods of modelling risk.
BACKGROUND: Risk is a very popular area for highly mathematical entrants. PhDs and MBAs also find this an extremely challenging and highly interesting position.
CAREER PROGRESSION: Due to the very specific nature of risk it is less likely to provide as many opportunities for diversification, but will offer a constantly evolving intellectual challenge.
