Risk Analyst Career Guide and Counseling

Question: What does the job of a risk analyst involve? Looking at different job ads, they also mention things like VB and SAS. What do these mean?

Answer: VB and SAS are programming languages. VB runs everything behind the scenes in excel. If you have excel on your computer, then you also have VB. It's a great language to learn and you can buy good & cheap tutorials in any bookstore/online. SAS is a different programming language. In essence, it is a combination of Access & Excel on steroids. You need to buy SAS software to have it on your home PC and it is fairly expensive. It's not really one of those languages that I'd recommend "learning on your own". Although, I believe there are student versions of SAS available that are much cheaper. SQL is another language like SAS, but much easier to learn and get on your PC. Again, there are good & cheap tutorials in any bookstore/online. Finally, contrary to the previous answer, SAS does not stand for anything. At one point a long time ago it did, but it became so big & powerful that the company felt like the name could stand alone without a need for an acronym. In terms of the job function for a risk analyst, it usually involves pulling in data, consolidating the data, and analyzing it. You then report your findings and analysis to management. It's a very interesting job, but two things you definitely need are a love for numbers and an analytical mindset with the ability to solve problems.

Question: What is the responsibility of a Risk Analyst? With respect to the insurance industry. Also, seeking recommendation for additional reading for research.

Answer: a risk analyst does the grunt work. the main responsibility of this position is to collect all of the exposure information for the organization and assemble it for the annual submission to the insurance carriers for the renewal. Since a average size global organization (with revenue of a 1B+) will easily have 20 to 35 insurance policies, compiling all of the surveys, questionnaires, financial data and applications can be a task. Oh and usually this process takes place within the 4 months before the policy renewal. Other responsibilities include allocations, contract reviews, captive management, benchmarking, calculating the total cost of risk and claims depending on experience. The only reading that I would suggest would be the member thread on www.rims.com. You can get alot of insight into the issues that risk managers face daily.

Question: What is the average salary for a risk analyst?

Answer: www.salary.com

Question: What are the risk of being a system analyst? I am a fresh grad. Com Sci and I do not have an experience with the actual job. I just want to know the risk involved for being a system analyst.. any experienced or experts there? thanks!!

Answer: There is no risk for becoming a system analyst. You won't be hurt, just do what you like.

Question: A financial analyst is concerned with the risk associated with a portfolio of stocks. She draws a random sampl? A financial analyst is concerned with the risk associated with a portfolio of stocks. She draws a random sample of nine monthly returns (expressed as a percentage of the initial investment). These data follow: 2, 5, -6, 10, 1, 2, -3, 0, and 7. Find a 95% confidence interval estimate of the population variance. Enter your answers to two decimal places. LCL = ____? UCL = ____?

Answer: I dont know the statistics formula. But some simple averaging gives you 2% average return per month. You said these are MONTHLY returns. 2% per month. Thats a 24% annual return. Most People would love a 24% annual return. Now you're asking for a statistical benchmark called a 95% confidence interval estimate. I dont remember anything from my statistics class. But I would take a wild guess and assume you didnt give us enough information. Whats the minimum targeted return? whats the maximum tolerable risk?

Question: Which are the global consulatncy firms with oppurtunities as political risk analyst?

Answer: Raneleigh is a decent one. Stuart Crawford Associates You should check out APPC which is the Association of Professional Political Consultants

Question: Financial risk analyst as a career option? I am an undergraduate studying theoretical physics with mathematics, and I'm thinking about different career options. One that caught my eye was this one; and I've heard that degrees in things like finance, or maths are most desirable. I'm wondering if anyone has any idea what my chances of getting into this area with my degree were like? Would I not have enough 'commercial awareness'? Anyone's opinion on this is welcome, but obviously I'm mainly asking people who work in a similar job, or who just know a lot about it. Thanks

Answer: TRY GETTING YOUR INSURANCE LICENSE, YOU CAN MAKE GREAT INCOME WITH YOUR PROPERTY& CASULTY LICENSE, AND HEALTH AND LIFE LICENSE.

Question: Merill Lynch analyst says risk of recession is close to 100% - What is your take on this prediction? Here is the article. http://www.denverpost.com/business/ci_5443615 Excerpt: >>Merrill analyst David Rosenberg, who previously forecast the Fed would lower interest rates in the second half of 2007, said there are two possible scenarios. With a rate cut, economic growth will slow to about 1 percent. If rates are left unchanged, and housing prices fall 10 percent, the probability of a recession is "very close to 100 percent," Rosenberg wrote. << This article was posted in March 2007, before the housing crisis began to hit the fan.

Answer: An economist at my company made these statements: 1. The market has priced in a 100% certainty for at least a 25 bp rate cut next week. 2. It has priced in a 70% probability for a 50 bp rate cut. 3. A recession has always followed two consecutive reports of negative job growth. We just had our first. 4. Overall, a recession within the next year is likely. His view agrees with the Merril Lynch analyst. I don't know about 100%, but I agree that it is likely.

Question: What does a financial analyst specializing in financial/risk modeling earn at the Citigroup in St. Louis? We are thinking of transferring. Has anyone else transferred to the St. Louis offices & have additional insight? We would be leaving all family & have a 12 month old, so any advice you can give would be helpful.

Answer: i don't know about that, but, make sure to check out TED DREW'S frozen custard there on Grand Blvd. or Chippewa. That's what i miss the most from home. (St. Louis)

Question: Salary for risk analyst/underwriter? I am considering moving to India to become a risk analyst/credit analyst/underwriter. What type of salary can i expect? Please specify if you are stating in annual ruppees/monthy rupees etc.

Answer: Not sure about India, but in the U.S. your pay would be pretty good. 60-75,000 usd annually.

Question: anyone experienced can clarify to me how to become a risk analyst!!? and the requirements thank you

Answer: General info: http://www.bls.gov/oco and search financial managers (for info about risk management), actuaries or such. US colleges: http://www.utexas.edu/world/univ Avoiding online, for-profit schools: http://www.uopsucks.com

Question: am a risk analyst in a bank anyone can help me? by sending doucment which help me in work and i ll do the same i mean by sharing doucments about this subject

Answer: I can help u in that ya karneeebe ;-)

Question: need a risk analyst?!? Recently I was shifted to look at a risk company and to report on an appropriate approach, the task as follows: Please suggest a modelling approach for creating a risk forecasting system for stocks, where the system produces distributional forecasts for such stocks?? thank you

Answer: I wish you all the best with your report.

Question: What do you think the salary range is for this banking analyst position? http://jobview.monster.com/getjob.aspx?JobID=79038101&JobTitle=Payment+Risk+Analyst&re=106&co=xusbanx&ah=http://company.monster.com/usban&aj=U.S.+Bank&AVSDM=2009-01-30+18:53:00&pg=1&seq=1&fseo=1&isjs=1&re=1000

Answer: $30k/year, maybe up to $35k/year if your good at talking. The title sounds catchy however I work for a bank and that position would be on a phone in front of a computer for a majority of the day.

Question: What are the pros and cons of careers in risk management, quantitative analysis ? I AM COMMENCING MY STUDIES AT THE UNIVERSITY OF JOHANNESBURG (SOUTH AFRICA) IN 2007 AND I WILL BE STUDYING BSC FINANCIAL MATHEMATICS.NOW I FIND THAT AFTER COMPLETION OF THE DEGREE YOU WILL BECOME: RISK MANAGER, QUANTITATIVE ANALYST, PORTFOLIO MANAGER AND I NEED MORE INFORMATION ABOUT THE JOB DESCRIPTION OF THESE CAREERS AND HOW MUCH DO THEY GET PAID? I DON'T KNOW IF I'VE MADE THE RIGHT CHOICE BECAUSE I NEVER DID ACCOUNTING DURING MY SENIOR YEARS.

Answer: It's a numbers job so if you like nembers it's cool. Accounting will be really useful for you. I know it's a boring class to take but do it. Once you have the basics you can learn the rest on the job. Don't over-specialize! It's a great starting place but look for opportunities to expand beyond being a quant. Unless you love being a quant of course.

Question: how to analyst the risk of economic?

Answer: How to learned the English of Americano