I went to The Spotlight Series: Careers in Risk Management workshop with my friends in October. we are the first group of people arrived there, then we used the computer in the room to register for the workshop because we cannot find a place to register it before we go. After we find some seats and be ready to have the workshop, more and more people came into the room: most of them are graduate and undergraduate seniors.
The lecturer spoke very clearly about the career about the credit risk in management and introduced several positions that credit risk management can have: the credit risk Analyst and Managers can find a job in investment and commercial banks, insurance companies, rating agencies to be asset managers, and hedge funds. Regulatory and stress testing is also part of Credit risk management, they can also work with bank regulators, bank, consulting companies. Quantitative jobs in this area like developing credit models for calculation of the probability of default, loss given default, losses, VaR can work in banks, insurance companies, and regulators. Then the second lecturer showed a statistic graph of value at risk. It shows that 99% of the economic capital was in Expected loss and VAR. Then another lecturer Toni Angelov summarized the idea about credit risk management: it can simply define as a potential that a bank borrower or counterparty will fail to meet its obligations in accordance with agrees items. Also, he explained his idea of the development of credit risk management.
Although the workshop is too long for me, it is still a wonderful experience because it is about business. Workshops like this are worth to go because it is good for us to learn more about business in order to be more realized.
