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Do you have good skills in mathematics and do you have an ambition to work for the financial market? If yes, a market risk analysis job may be a good option for you. As a market risk analyst, you need to analyse the market risk of your company and use your training and expertise to advise them about the best management practices. As a market analyst, you will get plenty of opportunities to demonstrate your expertise in various sectors like investment firms, securities firms, banks, insurance companies and pension funds. There is good news for all individuals having expertise in mathematical skills because a huge growth is expected in recent times. What does a market risk analyst do? As a market risk analyst, you need to perform the various analyses to estimate and create separate and compounded risk factors for your company. Though particular factors rely on your company but fluctuations in interest rates, currency exchange rates, stock prices and commodity prices are the standard concerns that you need to work out. You have to apply various developed financial statements and computer programs to produce predictions about future changes based on the previous financial behaviour of your company. Once you prepare these structures, it will be easier for you to determine the intensity of risk that your company confronts on a particular matter. You have to collect information and convey this data to the trading department, the accounting department, the executive staff, and other staff of the market risk team. The information comprises the latest commodity prices and any trading transactions. Simultaneously, you have to make sure that all data is entered into the right database accurately. It is important as well to keep with you an updated list of costs. It is mandatory as well to provide your market risk team with the regular reports on your research and analyses. These reports will determine if your company ups or decreases its prices and purchases and sells its stocks. If there are chances that your company may face an intense market risk, you have to work closely with the market risk team to prepare and offer financial management schemes. After this, you require assessing all the factors involved, including available assets and financing at risk. Once you determine the most efficient financial strategy, you can able to enforce this and assess its efficiency. Any company that is associated with buying or selling stocks actually hires market risk analysts. However, not every market risk analyst has to play the same job role. For instance, energy companies are more concerned about the price rise of crude oil and electricity while food exporting companies closely check with the international exchange rates and stock prices. What are the requisites to become a market risk analyst? It is essential to have a bachelor’s degree in economics, mathematics or finance to make a career as a market risk analyst. Besides, many companies desire that market risk analysts have graduate degrees in financial engineering or statistics. You will get to know the various mathematical equations and their applications from these programmes. You will also gain a strong mathematical background in calculus. You will get to know how real-world finance differs from the mathematical structures and how human psychology impacts these differences. For a better opportunity, a master’s degree in finance or a master’s degree in business administration will do wonders for you. At the same time, you can take classes in accounting policies, risk management, corporate budgeting and options pricing. Is certification necessary? Though employers do not need certification necessarily, but if you have a certificate in risk analyst, it will be easier for you to improve your job opportunities. So, if you are interested, you can enrol yourself in a certification program. In between your program, you can join a company. And if you want to find lucrative job opportunities in risk management, you can look out for Asia risk management job vacancies. Check out the option and go for the job that suits your requirements. About the Author - Lisa Wordsworth is a legal recruitment advisor. She has her own blogs where she deals with topics like risk management jobs, career advice and so on. She suggests you to visit this website. While writing on these topics she gets inspiration from Barclay Simpson Recruitment.
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