{"id":7790,"date":"2021-07-29T13:15:58","date_gmt":"2021-07-29T13:15:58","guid":{"rendered":"https:\/\/inside.rotman.utoronto.ca\/career-services\/?page_id=7790"},"modified":"2021-08-11T13:57:13","modified_gmt":"2021-08-11T13:57:13","slug":"risk-management","status":"publish","type":"page","link":"https:\/\/inside.rotman.utoronto.ca\/career-services\/risk-management\/","title":{"rendered":"Risk Management"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row content_width=&#8221;grid&#8221; css=&#8221;.vc_custom_1446025817562{padding-top: 71px !important;padding-bottom: 80px !important;}&#8221;][vc_column]\n<blockquote class=\"qodef-blockquote-shortcode\"  >\n\t<h4 class=\"qodef-blockquote-text\">\n\t<span>General Requirements<\/span>\n\t<\/h4>\n<\/blockquote>[vc_empty_space height=&#8221;30px&#8221;][vc_column_text]<\/p>\n<ul>\n<li>Background in finance, economics, mathematics, computer science, engineering, or other quantitative discipline<\/li>\n<li>Commitment to quality and ethics<\/li>\n<li>Exceptional attention to detail with an ability to see the \u2018big picture\u2019 and it\u2019s implications<\/li>\n<li>Ability to work in a fast paced and ambiguous environment<\/li>\n<li>Adaptability and flexibility<\/li>\n<li>Proactive and highly motivated individual, who enjoys process improvements and is willing to take and manage initiatives<\/li>\n<\/ul>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;30px&#8221;]\n<blockquote class=\"qodef-blockquote-shortcode\"  >\n\t<h4 class=\"qodef-blockquote-text\">\n\t<span>Skills required<\/span>\n\t<\/h4>\n<\/blockquote>[vc_empty_space height=&#8221;30px&#8221;][vc_column_text]<\/p>\n<ul>\n<li>Knowledge of risk measures (volatility and Value-at-Risk) and risk methodologies<\/li>\n<li>Broad knowledge of financial products, markets (i.e., stocks; bonds; swaps; caps and floors; futures)<\/li>\n<li>Programming skills in Python, R, VBA, SQL; Java and C++ an asset<\/li>\n<li>Interpersonal skills with an ability to influence people at all levels of an organization<\/li>\n<li>Exceptional analytic and problem solving skills<\/li>\n<li>Solid written and verbal communication skills with an ability to communicate complex information succinctly<\/li>\n<li>Pursuit or completion of CFA\/FRM is an asset<\/li>\n<\/ul>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;30px&#8221;]\n<blockquote class=\"qodef-blockquote-shortcode\"  >\n\t<h4 class=\"qodef-blockquote-text\">\n\t<span>Type of Jobs<\/span>\n\t<\/h4>\n<\/blockquote>[vc_empty_space height=&#8221;30px&#8221;][vc_column_text]Risk management departments play an important role in any organization\u2019s operations and strategic initiatives.<\/p>\n<p>&nbsp;<\/p>\n<p><em>You can find risk analysis and management roles: <\/em><\/p>\n<ul>\n<li>across a number of different financial services organizations (banks, insurance firms, hedge funds, pension funds, regulatory bodies, etc. )<\/li>\n<li>within various risk areas (market, enterprise, operational, strategic, financial, credit, liquidity, reputational, etc.)<\/li>\n<li>consulting firms, specifically risk services consulting practice, however they tend to hire consultants with previous working experience in risk.<\/li>\n<\/ul>\n<p><em>Career Paths<\/em><\/p>\n<ul>\n<li>Credit Risk<\/li>\n<li>Market Risk Analyst<\/li>\n<li>Operational Risk<\/li>\n<li>Financial Risk<\/li>\n<li>Enterprise Risk Management<\/li>\n<li>Risk Advisory<\/li>\n<li>Technology\/Cyber Risk<\/li>\n<\/ul>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;30px&#8221;]\n<blockquote class=\"qodef-blockquote-shortcode\"  >\n\t<h4 class=\"qodef-blockquote-text\">\n\t<span>Technical Preparation\/Knowledge Building<\/span>\n\t<\/h4>\n<\/blockquote>[vc_empty_space height=&#8221;30px&#8221;][vc_column_text]<em>Rotman Curriculum (see Rotman Electives Guide) <\/em><\/p>\n<ul>\n<li>Core: Statistics<\/li>\n<li>Other courses within the Risk Management and Financial Engineering major<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><em>Relevant Designations <\/em><\/p>\n<ul>\n<li>Financial Risk Manager (FRM) designation through the Global Association of Risk Professionals (GARP)<\/li>\n<li>Chartered Financial Analyst (CFA) designation through the CFA Institute<\/li>\n<li>Canadian Risk Management (CRM) designation through the Global Risk Management Institute (GRMI)<\/li>\n<\/ul>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;30px&#8221;]\n<blockquote class=\"qodef-blockquote-shortcode\"  >\n\t<h4 class=\"qodef-blockquote-text\">\n\t<span>Internal Resources<\/span>\n\t<\/h4>\n<\/blockquote>[vc_empty_space height=&#8221;30px&#8221;][vc_column_text]<\/p>\n<ul>\n<li>Active membership in Rotman\u2019s Risk Management Association (RRMA) and Finance Association (RFA)<\/li>\n<li>Participation in Rotman\u2019s Risk Management case competition<\/li>\n<li>Attend industry and club related events to gain further understanding of the industry: RFA Stock Pitch, Rotman International Trading Competition<\/li>\n<\/ul>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;30px&#8221;]\n<blockquote class=\"qodef-blockquote-shortcode\"  >\n\t<h4 class=\"qodef-blockquote-text\">\n\t<span>External Resources<\/span>\n\t<\/h4>\n<\/blockquote>[vc_empty_space height=&#8221;30px&#8221;][vc_column_text]<\/p>\n<ul>\n<li>Global Association of Risk Professionals (GARP) <a href=\"https:\/\/www.garp.org\/home\" target=\"_blank\" rel=\"noopener\">https:\/\/www.garp.org\/home<\/a><\/li>\n<li>Professional Risk Managers\u2019 International Associate (PRMIA) <a href=\"https:\/\/www.prmia.org\/\" target=\"_blank\" rel=\"noopener\">https:\/\/www.prmia.org\/<\/a><\/li>\n<li>Insurance Institute <a href=\"https:\/\/www.insuranceinstitute.ca\/\" target=\"_blank\" rel=\"noopener\">https:\/\/www.insuranceinstitute.ca\/<\/a><\/li>\n<li>Office of the Superintendent of Financial Institutions (OSFI) <a href=\"https:\/\/www.osfi-bsif.gc.ca\/Eng\/Pages\/default.aspx\" target=\"_blank\" rel=\"noopener\">https:\/\/www.osfi-bsif.gc.ca\/Eng\/Pages\/default.aspx<\/a><\/li>\n<li>Ontario Securities Commission (OSC) <a href=\"https:\/\/www.osc.ca\/en\" target=\"_blank\" rel=\"noopener\">https:\/\/www.osc.ca\/en<\/a><\/li>\n<li>Investment Industry Regulatory Organization of Canada (IIROC) <a href=\"https:\/\/www.iiroc.ca\/\" target=\"_blank\" rel=\"noopener\">https:\/\/www.iiroc.ca\/<\/a><\/li>\n<\/ul>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;30px&#8221;][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row content_width=&#8221;grid&#8221; css=&#8221;.vc_custom_1446025817562{padding-top: 71px !important;padding-bottom: 80px !important;}&#8221;][vc_column][vc_empty_space height=&#8221;30px&#8221;][vc_column_text] Background in finance, economics, mathematics, computer science, engineering, or other quantitative discipline Commitment&#8230;<\/p>\n","protected":false},"author":746,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"full-width.php","meta":{"footnotes":""},"class_list":["post-7790","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/inside.rotman.utoronto.ca\/career-services\/wp-json\/wp\/v2\/pages\/7790","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/inside.rotman.utoronto.ca\/career-services\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/inside.rotman.utoronto.ca\/career-services\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/inside.rotman.utoronto.ca\/career-services\/wp-json\/wp\/v2\/users\/746"}],"replies":[{"embeddable":true,"href":"https:\/\/inside.rotman.utoronto.ca\/career-services\/wp-json\/wp\/v2\/comments?post=7790"}],"version-history":[{"count":2,"href":"https:\/\/inside.rotman.utoronto.ca\/career-services\/wp-json\/wp\/v2\/pages\/7790\/revisions"}],"predecessor-version":[{"id":8587,"href":"https:\/\/inside.rotman.utoronto.ca\/career-services\/wp-json\/wp\/v2\/pages\/7790\/revisions\/8587"}],"wp:attachment":[{"href":"https:\/\/inside.rotman.utoronto.ca\/career-services\/wp-json\/wp\/v2\/media?parent=7790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}