Financial Risk Management

[vaqueas]

Hello friends,

i want to do financial risk management, does any one know which courses i should take ....that i must know before going in the market for risk manager job. ??

Thanks.

 

[Ken Abbott]

Lately I have heard a lot of discussion about how useful engineering skills are.

 

[patpat]

Ken Abbot,

Can you give some more details?

1. What material should I look to absolutely cover in a MFE program? Because Risk Management is rarely their focus.

2. Is there a interviews - specific book for Risk Management? Are interviewees expected to know concepts like ERC, IRC or credit risk concepts like PD, CVA, EAD? I have not seen discussions go beyond VaR.

Thanks.

 

[Andy Nguyen]

Ken Abbot,

Can you give some more details?

1. What material should I look to absolutely cover in a MFE program? Because Risk Management is rarely their focus.

2. Is there a interviews - specific book for Risk Management? Are interviewees expected to know concepts like ERC, IRC or credit risk concepts like PD, CVA, EAD? I have not seen discussions go beyond VaR.

Thanks.

Start here https://www.quantnet.com/threads/collection-of-important-documents-for-risk-management.15188/

 

[patpat]

Thanks Andy. This is too much material. Looks great though. I will start one by one.

 

[Roshan]

Hi all
Is there a difference between Masters in Financial Engineering(MFE) and Financial Risk Management programs?
If yes, then please explain difference in terms of study contents, work area etc.
If these two programs are different, then why quantnet included following Risk Management programs in the list of MFE programs.
1. Mathematical risk Management (Georgia State University)
2.Computational Finance ans Risk Management (University of Washington)
3. Financial Statistics & Risk Management (Rutgers University)

 

[Ken Abbott]

Hi all
Is there a difference between Masters in Financial Engineering(MFE) and Financial Risk Management programs?
If yes, then please explain difference in terms of study contents, work area etc.
If these two programs are different, then why quantnet included following Risk Management programs in the list of MFE programs.
1. Mathematical risk Management (Georgia State University)
2.Computational Finance ans Risk Management (University of Washington)
3. Financial Statistics & Risk Management (Rutgers University)

I don't know what these risk programs teach, but I hope that there would be more time series and accounting and less PDE and C++. Database skills would also be nice.

Be careful. These programs need to teach the regulatory stuff if they are to be taken seriously

VaR methodologies
IRC
Stresses VaR
CRM
IMM
IRC
Stress testing
Basel I, II, 2.5, III
DoddFrank/Volcker
CCAR
AMA
OCC 2011-12

If you don't see these items (or most of them) then they are bald-faced ripoffs. Check the curricula.

 

[Roshan]

Thank you Ken for your responese. If you could provide the full forms of the terminologies such as IRC, CCAR, AMA etc., it would be better for my understanding.