Investment banks incur financial risk everyday as a result of their day-to-day business. Reputational risk is a key concern for many investment banks and the risk management division is responsible for monitoring and managing financial, operational and regulatory risks faced by the firm.
Risk may be assessed at the transaction, product, market, client or industry level and risk management analysts work closely with structurers, salespeople, traders, legal and compliance and operations divisions.
Credit and market risk management involve assessing and managing the risks of all products that are originated, traded or held by the bank and will require understanding of complex products, developing financial models for them and monitoring market performance. Operational risk management aims to improve processes on a firm-wide basis, reduce the likelihood of market-related losses and hence minimise the volatility of earnings. It also works closely with the front office to ensure that new products and business lines are launched in a regulated, controlled and efficient manner.
Programme requirements
- On track for a 2.1 or above
- Minimum 'BBB' at A level (or equivalent in UCAS points)
- No specific degree subject is required
- Broad knowledge of the finance industry is required
- Excellent quantitative and analytical skills
- Excellent communication and presentation skills
- Able to review, assess and make decisions based on large amounts of information with excellent attention to detail
