This link has been bookmarked by 1 people . It was first bookmarked on 06 Aug 2008, by Jim McClintock.
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06 Aug 08
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a number of Chicago firms are seeking risk management professionals in many specialties.
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"Risk management is counter-cyclical and right now there is a strong need." He sees positions open in Chicago, but notes hiring is strong nationwide.
"Risk management right now is certainly booming," agrees Stuart Rosenthal, vice president of compliance at Legend Global Search, Inc., another New York City recruiting firm that works frequently in Chicago. "There are jobs and soon (there'll) be more."
Areas of Need
Risk management is an important function in numerous types of firms and in various areas including credit, market risk, and enterprise risk management.
While demand is declining in trading and structured products, says Starr, there has been an uptick in hiring in areas of portfolio-level risk management and enterprise risk management. Needs go "beyond mortgages," as most financial institutions are assessing capital usage, capital allocation and other risk factors, says Starr.
Positions are open both within financial institutions and accounting firms that serve them. The Big Four firms have numerous positions listed online, including openings for jobs such as Quality & Risk Management Manager, Enterprise Risk Management Advisors, and Business Risk Services Manager. -
serve and the SEC are placing increasing emphasis on best practices in risk management," he says. Banks and broker-dealers are feeling the pressure and he suspects trading firms, hedge funds, and asset management firms may also come under increased examination in the future.
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n general, employers are looking for candidates who have experience, great problem solving and financial modeling ability, and strong written and verbal communication skills.
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