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Risk Management

General Requirements

  • Background in finance, economics, mathematics, computer science, engineering, or other quantitative discipline
  • Commitment to quality and ethics
  • Exceptional attention to detail with an ability to see the ‘big picture’ and it’s implications
  • Ability to work in a fast paced and ambiguous environment
  • Adaptability and flexibility
  • Proactive and highly motivated individual, who enjoys process improvements and is willing to take and manage initiatives

Skills required

  • Knowledge of risk measures (volatility and Value-at-Risk) and risk methodologies
  • Broad knowledge of financial products, markets (i.e., stocks; bonds; swaps; caps and floors; futures)
  • Programming skills in Python, R, VBA, SQL; Java and C++ an asset
  • Interpersonal skills with an ability to influence people at all levels of an organization
  • Exceptional analytic and problem solving skills
  • Solid written and verbal communication skills with an ability to communicate complex information succinctly
  • Pursuit or completion of CFA/FRM is an asset

Type of Jobs

Risk management departments play an important role in any organization’s operations and strategic initiatives.

 

You can find risk analysis and management roles:

  • across a number of different financial services organizations (banks, insurance firms, hedge funds, pension funds, regulatory bodies, etc. )
  • within various risk areas (market, enterprise, operational, strategic, financial, credit, liquidity, reputational, etc.)
  • consulting firms, specifically risk services consulting practice, however they tend to hire consultants with previous working experience in risk.

Career Paths

  • Credit Risk
  • Market Risk Analyst
  • Operational Risk
  • Financial Risk
  • Enterprise Risk Management
  • Risk Advisory
  • Technology/Cyber Risk

Technical Preparation/Knowledge Building

Rotman Curriculum (see Rotman Electives Guide)

  • Core: Statistics
  • Other courses within the Risk Management and Financial Engineering major

 

Relevant Designations

  • Financial Risk Manager (FRM) designation through the Global Association of Risk Professionals (GARP)
  • Chartered Financial Analyst (CFA) designation through the CFA Institute
  • Canadian Risk Management (CRM) designation through the Global Risk Management Institute (GRMI)

Internal Resources

  • Active membership in Rotman’s Risk Management Association (RRMA) and Finance Association (RFA)
  • Participation in Rotman’s Risk Management case competition
  • Attend industry and club related events to gain further understanding of the industry: RFA Stock Pitch, Rotman International Trading Competition

External Resources