To work as a quantitative analyst on the buy side, skills in mathematics, programming, statistics, and financial modeling are essential. Quantitative analysts build analytical models to value financial instruments and manage risk, requiring expertise in areas like derivatives pricing, portfolio construction, and statistical analysis. Strong problem-solving abilities and communication skills are also important to effectively analyze complex problems and interact with other professionals.
Crypto Coinference 2019 - The role of Binance in the crypto ecosystem.Crypto Coinference
Binance is the leading global cryptocurrency exchange, with users from over 180 countries. It processes over 1.4 million orders per second, making it one of the fastest exchanges. Binance's vision is to increase financial freedom globally through cryptocurrency adoption. Binance has expanded its ecosystem through services like Binance Exchange, Binance Labs, Binance Launchpad, Trust Wallet and more.
The document discusses financial markets and their key characteristics. It defines financial markets as marketplaces where buyers and sellers trade assets like stocks, bonds, currencies and derivatives. Financial markets have transparent pricing, basic regulations, and market forces that determine security prices. The document then discusses several benefits of financial markets, including channeling savings into productive uses, facilitating price discovery, providing liquidity to financial assets, and reducing transaction costs.
This document discusses capital adequacy, capital planning, and approaches to measuring capital adequacy for banks and financial institutions. It defines capital and capital adequacy, and explains that capital adequacy measures a bank's ability to repay depositors and creditors. It also discusses the need for capital adequacy and capital planning to support growth, absorb losses, ensure public confidence, and identify future capital needs. Finally, it outlines different approaches used to measure capital adequacy, including ratio approaches, risk-based approaches, and portfolio approaches.
A credit rating is an evaluation of the credit risk of a borrower in terms of their ability to pay back debt. It is conducted by credit rating agencies and results in a standardized score or rating that represents the risk level to lenders. The rating is determined based on factors like the borrower's financial history and trends, revenues, cash flows, management and governance, industry risks, and macroeconomic conditions. Higher credit ratings indicate lower default risk and allow borrowers to borrow at lower interest rates.
International financial management ppt @ bec doms bagalkot mba financeBabasab Patil
This document discusses international financial management. It covers topics such as the motivations for international investment, making international capital budgeting decisions, exchange rate risk exposure, and methods for hedging exchange rate risk like currency options and forward contracts. It also addresses issues like foreign taxation, political risk, and financing methods for multinational companies including loans, bonds, and Eurodollar markets.
Final Report on Capital Market with all the components including derivatives, Classification of capital market, Trading Procedure, Legal frame work of capital market, Clearing and settlement procedures, Role of RBI &SEBI, Recommendations & Problem of capital market, Conclusion, etc.
The document provides an overview of mutual funds in India, including their history, structure, guidelines, terms, types of funds, ratios, taxation, and future outlook. Some key points:
- A mutual fund pools money from investors and invests it in stocks, bonds, and other securities to generate returns. Returns and capital appreciation are shared proportionally by unit holders.
- SEBI regulates the mutual fund industry and has established a three-tier structure of sponsors, trustees, and asset management companies.
- There are various types of mutual funds that invest in different asset classes like equity, debt, hybrid, and money market instruments. Expense ratios, loads, and taxation vary across fund types.
This document provides an overview of security analysis, which involves analyzing tradeable financial instruments like stocks, bonds, and derivatives. It discusses the main approaches to security analysis: fundamental analysis and technical analysis. Fundamental analysis examines underlying business and economic factors, while technical analysis focuses on price trends and momentum. The document then goes into more detail about fundamental analysis and the three steps involved: economic analysis, industry analysis, and company analysis. It provides examples of key variables to consider in each type of analysis.
Crypto Coinference 2019 - The role of Binance in the crypto ecosystem.Crypto Coinference
Binance is the leading global cryptocurrency exchange, with users from over 180 countries. It processes over 1.4 million orders per second, making it one of the fastest exchanges. Binance's vision is to increase financial freedom globally through cryptocurrency adoption. Binance has expanded its ecosystem through services like Binance Exchange, Binance Labs, Binance Launchpad, Trust Wallet and more.
The document discusses financial markets and their key characteristics. It defines financial markets as marketplaces where buyers and sellers trade assets like stocks, bonds, currencies and derivatives. Financial markets have transparent pricing, basic regulations, and market forces that determine security prices. The document then discusses several benefits of financial markets, including channeling savings into productive uses, facilitating price discovery, providing liquidity to financial assets, and reducing transaction costs.
This document discusses capital adequacy, capital planning, and approaches to measuring capital adequacy for banks and financial institutions. It defines capital and capital adequacy, and explains that capital adequacy measures a bank's ability to repay depositors and creditors. It also discusses the need for capital adequacy and capital planning to support growth, absorb losses, ensure public confidence, and identify future capital needs. Finally, it outlines different approaches used to measure capital adequacy, including ratio approaches, risk-based approaches, and portfolio approaches.
A credit rating is an evaluation of the credit risk of a borrower in terms of their ability to pay back debt. It is conducted by credit rating agencies and results in a standardized score or rating that represents the risk level to lenders. The rating is determined based on factors like the borrower's financial history and trends, revenues, cash flows, management and governance, industry risks, and macroeconomic conditions. Higher credit ratings indicate lower default risk and allow borrowers to borrow at lower interest rates.
International financial management ppt @ bec doms bagalkot mba financeBabasab Patil
This document discusses international financial management. It covers topics such as the motivations for international investment, making international capital budgeting decisions, exchange rate risk exposure, and methods for hedging exchange rate risk like currency options and forward contracts. It also addresses issues like foreign taxation, political risk, and financing methods for multinational companies including loans, bonds, and Eurodollar markets.
Final Report on Capital Market with all the components including derivatives, Classification of capital market, Trading Procedure, Legal frame work of capital market, Clearing and settlement procedures, Role of RBI &SEBI, Recommendations & Problem of capital market, Conclusion, etc.
The document provides an overview of mutual funds in India, including their history, structure, guidelines, terms, types of funds, ratios, taxation, and future outlook. Some key points:
- A mutual fund pools money from investors and invests it in stocks, bonds, and other securities to generate returns. Returns and capital appreciation are shared proportionally by unit holders.
- SEBI regulates the mutual fund industry and has established a three-tier structure of sponsors, trustees, and asset management companies.
- There are various types of mutual funds that invest in different asset classes like equity, debt, hybrid, and money market instruments. Expense ratios, loads, and taxation vary across fund types.
This document provides an overview of security analysis, which involves analyzing tradeable financial instruments like stocks, bonds, and derivatives. It discusses the main approaches to security analysis: fundamental analysis and technical analysis. Fundamental analysis examines underlying business and economic factors, while technical analysis focuses on price trends and momentum. The document then goes into more detail about fundamental analysis and the three steps involved: economic analysis, industry analysis, and company analysis. It provides examples of key variables to consider in each type of analysis.
1. Fintech has transformed from a hypothetical sector to an actual one in 2015, with many unicorns and startups emerging. However, M&A is proving to be a more common exit strategy than IPO.
2. Asia is becoming a major player in fintech, driven by large populations, underdeveloped banking, and supportive government policies in countries like China, India, and Singapore. Mobile point-of-sale acquiring is booming in Asia.
3. Other trends in 2015 included the success of Stripe and other online payment acquirers, the growth of crowdfunding and crowdinvesting, potential applications of blockchain technology beyond bitcoin, and continued growth of online lending platforms.
This document outlines an approach to using machine learning algorithms like hidden Markov models to predict stock prices. It discusses how technical analysis and increasing computational power allows algorithms to analyze large datasets. Human analysis is still important for interpretation. The document then provides an overview of using a hidden Markov model to account for different strategies in the stock market and modeling price data more accurately over time.
The document discusses capital markets and the roles of primary and secondary markets. It defines capital markets as markets for trading long-term investment instruments like bonds and stocks. The primary market involves new issuances of securities to raise capital, while the secondary market allows existing securities to be traded among investors, bringing liquidity. SEBI regulates India's capital markets to protect investors, curb fraud, and promote fair and efficient functioning of the markets.
- Treasury departments are structured differently depending on a company's size and complexity, ranging from one person to multiple divisions.
- They typically have three main divisions: front office for daily transactions/risk management, middle office for independent risk monitoring and reporting, and back office for validation, settlement, accounting.
- The front office includes dealers and traders who take positions and manage market risks. The middle office monitors exposures and reports to management. The back office confirms deals and handles bookkeeping. An audit team also inspects daily operations.
This document provides an introduction to portfolio management. It defines a portfolio as a collection of investments held as a group by professional institutions, asset management corporations, and individual investors. The key objective of portfolio management is to maximize returns from investments at a given level of risk. This involves investing in and divesting different assets while managing risk. Portfolios are evaluated using models like Markowitz portfolio theory and modern portfolio theory to measure expected return and risk. Factors like market risk, credit risk, and operational risk must be continuously monitored and managed.
The document provides an overview of the Indian capital market. It discusses key concepts like primary and secondary markets, types of financial instruments traded (equity shares, bonds, etc.), participants (issuers, investors, intermediaries), regulatory body SEBI and its roles, sources of long-term financing like equity, debt, retained earnings, and venture capital. The capital market helps raise long-term funds for businesses and channels savings of individuals into productive investments. SEBI regulates and develops the capital market to protect investors and ensure its orderly functioning.
Eurobonds are international bonds that are underwritten by multinational banks and placed in countries other than where the currency is from. Around 75% are denominated in US dollars. Companies issuing Eurobonds pay slightly lower interest than domestic US bonds. The main advantages are increased liquidity, protection from market shocks, guaranteed funding for EU countries and improvement of the euro internationally. The main disadvantages are possible free-riding, tensions with the no-bailout clause, and questions around credibility and politics. The Eurobond market has grown since 2001 as the euro became more important internationally for investors and issuers.
Introductory presentation on commodity tradingPradeep Sahoo
An introduction to Commodities Markets, Futures and other derivatives. Comparison of commodities with other asset classes and why commodity trading is indispensable for any country.
This document provides an overview of investment banking. It discusses the introduction and functions of banks in India, focusing on the State Bank of India. It then defines investment banks and their roles, including providing advisory services for mergers and acquisitions. The core services of investment banks are discussed as debt markets, equity markets, and advisory services. Steps for registering for online banking with an investment bank are also outlined.
Merchant banking provides capital to companies through equity investment rather than loans. It offers advisory services on corporate matters and investment banking services like mergers and acquisitions. Merchant banking started in Italy and France in the 17th-18th centuries and modern merchant banking began in London by financing foreign trade through bill acceptance. In India, merchant banking was introduced by Grindlays Bank in 1967 and other Indian and foreign banks subsequently established merchant banking divisions. Merchant banks invest their own capital and provide services primarily to large corporations and high-net-worth individuals rather than retail banking.
The document discusses currency risk management and hedging strategies. It provides an overview of currency risk, defines different types of risk, and reviews case studies showing how hedging transactions protects a company's profits from foreign exchange volatility. The summary emphasizes that properly hedging transactions removes the impact of currency fluctuations and provides predictable income compared to being unhedged.
The foreign exchange market is a global decentralized market where currencies are bought and sold. It facilitates international trade and investment by allowing participants to transfer purchasing power between countries. The market operates around the clock globally with daily volume of $3.98 trillion. It involves commercial banks trading currencies for themselves and clients which make up 95% of transactions, along with central banks, speculators, hedgers, brokers and arbitragers.
Central securities depositories (CSDs) provide custody and recordkeeping services that allow for the electronic transfer of securities ownership when investors trade. CSDs settle the huge volumes of daily global trading quickly, cost-effectively, and securely. While CSDs primarily serve their domestic markets, they also facilitate cross-border settlement by holding some foreign securities and maintaining accounts with each other to electronically transfer securities between depositories.
This document discusses asset liability management (ALM) in banks. It defines ALM as a mechanism to address risks from mismatches between bank assets and liabilities due to liquidity or interest rate changes. The ALM framework focuses on profitability and viability. It aims to match asset and liability maturities across time horizons. The objectives of ALM include managing liquidity risk, interest rate risk, and currency risks to stabilize profits and the bank's financial position. Tools used in ALM include information systems, organizational structure, and processes to identify, measure and manage various risks.
The document discusses various merger theories that aim to explain the outcomes and motivations behind mergers. It outlines efficiency-based theories where mergers create value through synergies, as well as agency-based theories where mergers occur due to issues like managerial discretion. Some key theories discussed include:
1) Synergy theories where mergers integrate operations and management to reduce costs or improve market power.
2) Agency cost theories where mergers are driven by managerial interests like entrenchment rather than shareholder value.
3) Other theories for mergers include hubris, where acquirers overpay due to overconfidence, and diversification to acquire new capabilities.
The document discusses the significance of capital markets in India's economic development. It outlines several key roles and benefits of capital markets, including facilitating capital formation, promoting economic growth and industrial development, modernizing and rehabilitating industries, generating employment, and developing other sectors. Overall, the document emphasizes that a sound and efficient capital market is crucial for a nation's development.
- Eugene Fama introduced the efficient market hypothesis in the 1960s, which states that intense competition in capital markets leads to fair pricing of securities.
- Fama suggested three forms of market efficiency - weak, semi-strong, and strong. Weak-form says prices reflect all past price and volume data. Semi-strong says prices rapidly reflect all public information. Strong-form says prices reflect all public and private information.
- Empirical evidence generally supports weak-form but is mixed for semi-strong. Strong-form is not supported. Overall, while anomalies exist, the efficient market hypothesis remains the best description of how stock markets work.
The document is a student's project on loan syndication. It includes a declaration by the student that the information submitted is true and original. It also includes a certificate from the student's project guide. The acknowledgements section thanks various individuals who provided guidance and support. The index lists the contents of the project, which covers topics such as the meaning of loan syndication, the syndication process, reasons for syndicated lending, and the role of parties involved. It also includes an overview of ICICI Bank and its syndication services.
This document provides an overview of capital markets, including the primary and secondary markets. It defines capital markets as markets for trading long-term investment instruments like bonds and stocks. The primary market involves new securities being issued, while the secondary market is where existing securities are traded. Key participants in the secondary market are stock exchanges, clearing corporations, and brokers. The Securities and Exchange Board of India (SEBI) regulates capital markets and aims to protect investors while promoting fair practices.
This document provides resources for financial engineer resumes, cover letters, and interview preparation. It lists top resume samples, tips for writing resumes and cover letters, interview questions and answers, and other job search tools on the resume123.org website. The resources are intended to help financial engineers develop strong application materials and prepare for interviews to find employment.
Qualitative Research Synthesis a short introductionPhilwood
The document discusses qualitative research synthesis (QRS) as an approach to analyze, synthesize, and interpret results from qualitative studies. QRS produces syntheses grouped around particular topics or questions in order to develop a "web of knowledge" and highlight gaps. It connects knowledge across studies and can act as an important medium for theory building. The basic process of QRS involves identifying related qualitative studies, examining their theories and findings in-depth, comparing results, synthesizing findings, and presenting an interpretive narrative across studies. Defining the parameters of a QRS includes formulating a research question, identifying and selecting relevant studies to appraise, and reflecting on the process.
1. Fintech has transformed from a hypothetical sector to an actual one in 2015, with many unicorns and startups emerging. However, M&A is proving to be a more common exit strategy than IPO.
2. Asia is becoming a major player in fintech, driven by large populations, underdeveloped banking, and supportive government policies in countries like China, India, and Singapore. Mobile point-of-sale acquiring is booming in Asia.
3. Other trends in 2015 included the success of Stripe and other online payment acquirers, the growth of crowdfunding and crowdinvesting, potential applications of blockchain technology beyond bitcoin, and continued growth of online lending platforms.
This document outlines an approach to using machine learning algorithms like hidden Markov models to predict stock prices. It discusses how technical analysis and increasing computational power allows algorithms to analyze large datasets. Human analysis is still important for interpretation. The document then provides an overview of using a hidden Markov model to account for different strategies in the stock market and modeling price data more accurately over time.
The document discusses capital markets and the roles of primary and secondary markets. It defines capital markets as markets for trading long-term investment instruments like bonds and stocks. The primary market involves new issuances of securities to raise capital, while the secondary market allows existing securities to be traded among investors, bringing liquidity. SEBI regulates India's capital markets to protect investors, curb fraud, and promote fair and efficient functioning of the markets.
- Treasury departments are structured differently depending on a company's size and complexity, ranging from one person to multiple divisions.
- They typically have three main divisions: front office for daily transactions/risk management, middle office for independent risk monitoring and reporting, and back office for validation, settlement, accounting.
- The front office includes dealers and traders who take positions and manage market risks. The middle office monitors exposures and reports to management. The back office confirms deals and handles bookkeeping. An audit team also inspects daily operations.
This document provides an introduction to portfolio management. It defines a portfolio as a collection of investments held as a group by professional institutions, asset management corporations, and individual investors. The key objective of portfolio management is to maximize returns from investments at a given level of risk. This involves investing in and divesting different assets while managing risk. Portfolios are evaluated using models like Markowitz portfolio theory and modern portfolio theory to measure expected return and risk. Factors like market risk, credit risk, and operational risk must be continuously monitored and managed.
The document provides an overview of the Indian capital market. It discusses key concepts like primary and secondary markets, types of financial instruments traded (equity shares, bonds, etc.), participants (issuers, investors, intermediaries), regulatory body SEBI and its roles, sources of long-term financing like equity, debt, retained earnings, and venture capital. The capital market helps raise long-term funds for businesses and channels savings of individuals into productive investments. SEBI regulates and develops the capital market to protect investors and ensure its orderly functioning.
Eurobonds are international bonds that are underwritten by multinational banks and placed in countries other than where the currency is from. Around 75% are denominated in US dollars. Companies issuing Eurobonds pay slightly lower interest than domestic US bonds. The main advantages are increased liquidity, protection from market shocks, guaranteed funding for EU countries and improvement of the euro internationally. The main disadvantages are possible free-riding, tensions with the no-bailout clause, and questions around credibility and politics. The Eurobond market has grown since 2001 as the euro became more important internationally for investors and issuers.
Introductory presentation on commodity tradingPradeep Sahoo
An introduction to Commodities Markets, Futures and other derivatives. Comparison of commodities with other asset classes and why commodity trading is indispensable for any country.
This document provides an overview of investment banking. It discusses the introduction and functions of banks in India, focusing on the State Bank of India. It then defines investment banks and their roles, including providing advisory services for mergers and acquisitions. The core services of investment banks are discussed as debt markets, equity markets, and advisory services. Steps for registering for online banking with an investment bank are also outlined.
Merchant banking provides capital to companies through equity investment rather than loans. It offers advisory services on corporate matters and investment banking services like mergers and acquisitions. Merchant banking started in Italy and France in the 17th-18th centuries and modern merchant banking began in London by financing foreign trade through bill acceptance. In India, merchant banking was introduced by Grindlays Bank in 1967 and other Indian and foreign banks subsequently established merchant banking divisions. Merchant banks invest their own capital and provide services primarily to large corporations and high-net-worth individuals rather than retail banking.
The document discusses currency risk management and hedging strategies. It provides an overview of currency risk, defines different types of risk, and reviews case studies showing how hedging transactions protects a company's profits from foreign exchange volatility. The summary emphasizes that properly hedging transactions removes the impact of currency fluctuations and provides predictable income compared to being unhedged.
The foreign exchange market is a global decentralized market where currencies are bought and sold. It facilitates international trade and investment by allowing participants to transfer purchasing power between countries. The market operates around the clock globally with daily volume of $3.98 trillion. It involves commercial banks trading currencies for themselves and clients which make up 95% of transactions, along with central banks, speculators, hedgers, brokers and arbitragers.
Central securities depositories (CSDs) provide custody and recordkeeping services that allow for the electronic transfer of securities ownership when investors trade. CSDs settle the huge volumes of daily global trading quickly, cost-effectively, and securely. While CSDs primarily serve their domestic markets, they also facilitate cross-border settlement by holding some foreign securities and maintaining accounts with each other to electronically transfer securities between depositories.
This document discusses asset liability management (ALM) in banks. It defines ALM as a mechanism to address risks from mismatches between bank assets and liabilities due to liquidity or interest rate changes. The ALM framework focuses on profitability and viability. It aims to match asset and liability maturities across time horizons. The objectives of ALM include managing liquidity risk, interest rate risk, and currency risks to stabilize profits and the bank's financial position. Tools used in ALM include information systems, organizational structure, and processes to identify, measure and manage various risks.
The document discusses various merger theories that aim to explain the outcomes and motivations behind mergers. It outlines efficiency-based theories where mergers create value through synergies, as well as agency-based theories where mergers occur due to issues like managerial discretion. Some key theories discussed include:
1) Synergy theories where mergers integrate operations and management to reduce costs or improve market power.
2) Agency cost theories where mergers are driven by managerial interests like entrenchment rather than shareholder value.
3) Other theories for mergers include hubris, where acquirers overpay due to overconfidence, and diversification to acquire new capabilities.
The document discusses the significance of capital markets in India's economic development. It outlines several key roles and benefits of capital markets, including facilitating capital formation, promoting economic growth and industrial development, modernizing and rehabilitating industries, generating employment, and developing other sectors. Overall, the document emphasizes that a sound and efficient capital market is crucial for a nation's development.
- Eugene Fama introduced the efficient market hypothesis in the 1960s, which states that intense competition in capital markets leads to fair pricing of securities.
- Fama suggested three forms of market efficiency - weak, semi-strong, and strong. Weak-form says prices reflect all past price and volume data. Semi-strong says prices rapidly reflect all public information. Strong-form says prices reflect all public and private information.
- Empirical evidence generally supports weak-form but is mixed for semi-strong. Strong-form is not supported. Overall, while anomalies exist, the efficient market hypothesis remains the best description of how stock markets work.
The document is a student's project on loan syndication. It includes a declaration by the student that the information submitted is true and original. It also includes a certificate from the student's project guide. The acknowledgements section thanks various individuals who provided guidance and support. The index lists the contents of the project, which covers topics such as the meaning of loan syndication, the syndication process, reasons for syndicated lending, and the role of parties involved. It also includes an overview of ICICI Bank and its syndication services.
This document provides an overview of capital markets, including the primary and secondary markets. It defines capital markets as markets for trading long-term investment instruments like bonds and stocks. The primary market involves new securities being issued, while the secondary market is where existing securities are traded. Key participants in the secondary market are stock exchanges, clearing corporations, and brokers. The Securities and Exchange Board of India (SEBI) regulates capital markets and aims to protect investors while promoting fair practices.
This document provides resources for financial engineer resumes, cover letters, and interview preparation. It lists top resume samples, tips for writing resumes and cover letters, interview questions and answers, and other job search tools on the resume123.org website. The resources are intended to help financial engineers develop strong application materials and prepare for interviews to find employment.
Qualitative Research Synthesis a short introductionPhilwood
The document discusses qualitative research synthesis (QRS) as an approach to analyze, synthesize, and interpret results from qualitative studies. QRS produces syntheses grouped around particular topics or questions in order to develop a "web of knowledge" and highlight gaps. It connects knowledge across studies and can act as an important medium for theory building. The basic process of QRS involves identifying related qualitative studies, examining their theories and findings in-depth, comparing results, synthesizing findings, and presenting an interpretive narrative across studies. Defining the parameters of a QRS includes formulating a research question, identifying and selecting relevant studies to appraise, and reflecting on the process.
The document discusses conducting market research for a new line of traditional Ecuadorian desserts called "Traditional Ecuadorian Deserts" for the company Sweet and Coffee. It describes Sweet and Coffee as a successful coffee shop and bakery company in Ecuador. The research aims to determine customer preferences for different traditional desserts like corn cake, plantain cake, and others in order to design a menu for the new dessert line.
The document discusses various concepts related to budgeting and cost estimation in healthcare. It defines key terms like budget estimate, revised estimate, and performance budgeting. It describes the stages of budget estimation including preparation, scrutiny, and consolidation of estimates. It outlines important factors to consider while estimating budgets like salaries, travel expenses, and provision for stores. It also discusses categories of cost estimation, frameworks for budget estimates, and advantages of performance budgeting in focusing on results, flexibility, inclusiveness, and long-term perspective.
All you wanted to know about analytics in e commerce- amazon, ebay, flipkartAnju Gothwal
One stop solution to your search for Data Analytics practices being followed by various E-commerce giants like Amazon, Ebay, Flipkart, Snapdeal and also some of the suggested approaches.
Resumes Suck! 7 Ways to Find a Job in Social Media from 2016 SXSWWorkology
Slides from the 2016 SXSW Interactive Presentation with Jessica Miller-Merrell and Carlos Gil. Practical advice on how to use social media for your job search from the perspective of a social media expert, recruiter and hiring manager.
The document is a job posting for a Risk Engines - Monte Carlo and Historical Simulation BA role at Barclays bank. Some key points:
- Barclays is a large, global bank operating in over 50 countries with over 140,000 employees across retail banking, corporate banking, wealth management, and other services.
- The Risk function was formed in 2011 to evaluate, monitor, and control various risk types to ensure effective governance and risk management.
- The Risk Projects team delivers changes to risk infrastructure and processes, resembling a consulting firm. The BA team supports risk calculation systems and will join either the Credit or Market risk area.
- As a BA, responsibilities will include analyzing new requirements,
Kushagra Modi is a dynamic and result-oriented professional with over 7 years of experience in financial markets. He has worked as a Relationship Officer for SME banking and trade finance at Emirates Islamic Bank and RAKBANK. Currently, he works as an analyst performing valuations reconciliation and risk analysis for portfolios at Oracle Financial Services. He has skills in communication, analysis, and client relationship management. He holds certifications in capital markets and derivatives from NSE.
I have a total experience of 7+ years into financial market which includes 2 years experience of UAE too. I have worked with "Bombay Stock Exchange" for 2 years as "Trader" and also with "BlackRock" investment manager as analyst for 3 years for fixed income securities.
Building out a Robust and Efficient Risk Management - Alan CheungLászló Árvai
Credit Derivatives are off-balance sheet financial statements that permit one party to transfer the risk of a reference asset, which it typically owns, to another one party (the guarantor) without actually selling the assets.
Kushagra Modi is a dynamic and result-oriented professional with over 7 years of experience in financial markets. He has worked as a relationship officer focused on SME banking and trade finance, and as an analyst performing valuations reconciliation and risk analysis for portfolios. His experience also includes derivatives trading and research related to commodities, currencies, indices, and fixed income. He holds certifications in capital and derivatives markets from the National Stock Exchange of India.
Kushagra Modi is a dynamic and result-oriented professional with over 7 years of experience in financial markets. He has worked as a relationship officer for banks in Dubai focusing on SME clients and trade finance. Previously, he was a derivatives analyst for Oracle Financial Services and HJ Securities in Mumbai, performing tasks like valuations reconciliation, risk analysis reporting, and advising clients on investments. Kushagra holds a Bachelors degree in Management Studies and certifications in capital and derivatives markets from the National Stock Exchange of India.
Thirupathi is a business analyst with over 6 years of experience delivering technology solutions to meet business demands. He has expertise in information systems, capital markets, treasury, and investment banking products. Currently he works as a consultant for IntellectDesignArena, an international financial technology company, where he gathers requirements, documents analyses, performs testing, and provides training. He has comprehensive experience and qualifications in various financial domains including equities, fixed income, risk management, and derivatives.
Gaining Greater Control Over Commodity Planning & Procurement for ManufacturersEka Software Solutions
Consumer Product (CP) and Industrial Manufacturing companies face significant challenges with commodity sourcing and procurement.
Unprecedented volatility in raw material prices is putting extraordinary pressure on forecasts and earnings for companies in the CP, food and beverage, and manufacturing industries.
In this webinar, industry expert Thad Malit, Deloitte, and Eka discuss how to:
- Eliminate the monthly “Spreadsheet Olympics"
- Manage budgets, forecasts, and coverage in real-time
- Run scenario analysis to optimize decision making
Download webinar recording: http://info.ekaplus.com/commodity-planning-procurement-webinar
The document discusses careers in corporate finance and risk management. It provides an overview of the different roles available in corporate finance including buy side roles in investment companies and sell side roles in investment banking. Risk management roles include those in middle and back office positions managing different types of risk. The document outlines the skills, qualifications, and preparation needed for interviews in these fields, noting the importance of analytical skills, market awareness, and technical competency. It also analyzes the strengths, weaknesses, opportunities, and threats to careers in finance.
Amit Kumar, Principal, Infosys ConsultingAmit Kumar
Amit Kumar is a Principal at Infosys Consulting with 7 years of experience in capital markets trading, risk management, and operations. He has helped clients through business transformation, process improvement, and IT implementation projects. Some of his projects include developing an IT roadmap for enterprise governance at a large buy side firm and managing a risk and compliance platform implementation.
This document contains a summary of Hitendra Ahir's professional experience and qualifications. He has over 3 years of experience working in corporate action teams for BNY Mellon and eClerx Services. Some of his responsibilities have included analyzing client portfolios, calculating entitlements, researching corporate actions, and communicating with brokers. He has knowledge of various tools like Bloomberg, TLM, and Dream. Hitendra holds a Post-Graduate Diploma in Banking and Finance from Pune University and a BBA in Finance from Ness Wadia College.
Fixed Income Derived Analytics Powered By BlackRock SolutionsConor Coughlan
This is an overview of the new Thomson Reuters Fixed Income Derived Analytics powered by BlackRock Solutions.
For more information visit www.prdcommunity.com
This document advertises opportunities at a global consulting firm for quantitative professionals to build portfolio risk and modelling teams. The roles range from Associate to Director with salaries between £45-150k. Candidates should have strong knowledge and experience in areas like portfolio modelling, risk assessment, stress testing, and economic capital. A degree in applied mathematics or related field plus postgraduate qualification is required along with excellent programming skills in C++ and mathematical background. Duties include building bespoke models, conducting research, and advising financial clients.
This document advertises opportunities at a global consulting firm for quantitative professionals to build portfolio risk and modelling teams. The roles range from associate to director with salaries between £45-150k. Candidates should have strong knowledge of portfolio modelling, risk assessment, and capital requirements. A degree in applied mathematics/engineering/physics plus postgraduate qualification is required, along with excellent programming skills in C++ and experience with Monte Carlo techniques. Duties include building bespoke risk models, conducting research, and advising financial clients.
The document discusses treasury operations and testing challenges. It notes that treasury operations involve effective cash management including capital funding, liquidity management, and regulatory reporting. Treasury transactions are initiated through the front office, controlled by the middle office, and settled by the back office. Technology plays an important role by integrating business units, customers, and service providers. Global treasury organizations focus on automating processes, upgrading systems for compliance, managing master data, implementing data warehousing/BI systems, and leveraging ERP systems. Key testing challenges include requirements from regulatory changes, complex instruments, integrating multiple interfaces, computing cash flows/risk analytics, and ensuring data quality.
Insight is a Risk Measurement and Management Tool. My role and responsibilities are –
• Working with development team to design workflows for feed governance and development using Informatica. It requires testing and verification.
• Working with business for requirement analysis/elicitations.
• Analyzing multiple interfaces and assisting in designing a common data interface to map different source files from Collateral, Trade, Position, Sensitivities systems to Sybase server.
• Working with Exposure Calculation Team to analyze any production issue for any Customer Account.
• Understand the existing and proposed framework. Review gaps, if any and suggest means to fill them.
• Working on Informatica 9.5.1 for the trade feed and checking the difference between UAT and Production.
• Checking the credit risk for the collateral trades and sensitivity for each trade and sending the reports to CRM Team.
• Act as a nodal point between the operations, technology and branch team to understand and transform business objective.
• Provide support to the development team during the User Acceptance Testing (UAT)
How Does CRISIL Evaluate Lenders in India for Credit RatingsShaheen Kumar
CRISIL evaluates lenders in India by analyzing financial performance, loan portfolio quality, risk management practices, capital adequacy, market position, and adherence to regulatory requirements. This comprehensive assessment ensures a thorough evaluation of creditworthiness and financial strength. Each criterion is meticulously examined to provide credible and reliable ratings.
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
OJP data from firms like Vicinity Jobs have emerged as a complement to traditional sources of labour demand data, such as the Job Vacancy and Wages Survey (JVWS). Ibrahim Abuallail, PhD Candidate, University of Ottawa, presented research relating to bias in OJPs and a proposed approach to effectively adjust OJP data to complement existing official data (such as from the JVWS) and improve the measurement of labour demand.
5. Quant Jobs-Buy Side
• The “Buy Side” is a financial term which describes any financial institution involved in the
investment and trading of financial securities. These institutions normally buy large amounts of
securities for money management purposes and will be a customer of a sell side institution, (a
bank or broker). Most normally these firms are Hedge Funds, Mutual Funds, Pensions and
Proprietary Trading desks. Buy side organisations generally profit from market movements and
accruals as opposed to sell side institutions who make recommendations to customers and who
generally profit from the difference in the bid/offer spread.
• The buy side is the opposite of the sell-side entities, which provide recommendations for
upgrades, downgrades, target prices and opinions to the public market. Together, the buy side
and sell side make up both sides of the investment community.
• For example, a buy-side analyst typically works in a non-brokerage firm (i.e. hedge fund, mutual
fund or pension fund) and provides research and recommendations exclusively for the benefit of
the company's own money managers (as opposed to individual investors). Unlike sell-side
recommendations - which are meant for the public - buy-side recommendations are not available
to anyone outside the firm. In fact, if the buy-side analyst stumbles upon a formula, vision or
approach that works, it is kept secret.
6. Risk Management
• Risk Management is concerned with separating risk control from the
risk takers.
• To control risks, they must be disclosed, reported, measured and
monitored.
• Risk Management therefore has to strike a balance between
compliance with risk limiting rules and the ability to develop new
business.
• On the “Buy Side” risk managers are not always “the policemen”. As
global markets continue to experience a tightening of the purse
strings, there is a need for Quants to not only help quantify the risk
of a particular asset, be that credit, equities, fx etc but also to help
with optimising the performance of a buy side portfolio.
8. Examples of Quant Risk Jobs
• Risk Reporting Manager
• Major Global Multi-Strategy Hedge Fund Risk Group is seeking a
Risk Reporting Manager with professional experience in risk
management. The professional will have experience designing,
implementing and running firm wide risk reports for senior
management on a daily, monthly and quarterly basis. This person
will identify and implement tools to transform large amounts of data
into risk information and will ensure that a minimum of risk data
quality is obtained for each risk report. Candidate will also have a
quantitative background on financial instruments pricing, risk
modelling and statistics. Candidate must be detail oriented, precise,
meticulous and able to communicate with traders, portfolio
managers and senior management.
9. Examples of Quant Risk Jobs
• Quantitative Risk Manager
• A boutique derivatives trading firm seeks a quantitative risk manager.
• Primary responsibilities include:
• * Identification and analysis of risk factors to a portfolio of hedged vanilla American
and European option portfolios. * Scenario simulation and analysis of the
aforementioned portfolios. * Monitoring and enforcement of risk limits through active
interaction with the trading staff.
• Ideal candidate will be a current assistant risk manager or a risk analyst seeking to
advance his/her career to the next level, with authority and responsibility to protect
the firm from portfolio risks.
• This position will report directly to the CEO.
• Required:
• * Bachelor's Degree in science/math/statistics or quantitative/mathematical finance. *
One to three years of full time risk management experience. * Thorough knowledge of
financial derivative theories, products (Futures, Options, etc.).
• Preferred:
• * Familiarity with options markets (equity, fixed income, energy, etc.).
• * SQL scripting.
• * VBA in Excel.
• * Working knowledge of Bloomberg.
• * Matlab programming.
10. Computational Finance
• Computational finance or financial
engineering is a cross-disciplinary field which
relies on mathematical finance,
numerical methods and computer simulations to
make trading, hedging and investment
decisions, as well as facilitating the risk
management of those decisions. Utilizing
various methods, practitioners of computational
finance aim to precisely determine the financial
risk that certain financial instruments create.
(source, Wikopedia)
11. Quant Analysts/Fin Engineers
• The Quants/Financial Engineers often have a MSc/PhD in
Maths/Physics/Computational Finance combined with strong
programming skills (Visual Basic, C++, under NT/Unix). They build
the analytical models, whose output is used by clients, traders,
sales or analysts.
• Many trading areas require such people, none more so than
Derivatives, which are complex financial products and require
“Maths” wizards to structure deals.
• A Derivative is a generic work to represent an instrument whose
value is priced off an underlying instrument. Examples of derivatives
are, futures, forwards, options and swaps.
12. Example of Financial Engineer Job
• Title: Financial Engineer
• Reports to (position):
• Duties and Responsibilities:
• The role of Financial Engineer will work closely with members of QR and the Senior Portfolio Managers. Key responsibilities will be to provide support
and development of trading & risk applications and other quantitative systems within the Equities business. You will utilize C++ to enhance and
develop additional algorithms and models, as well as optimize, monitor and troubleshoot system performance. Development focus will be on portfolio
construction, transaction analysis & optimization, and risk management.
• You will work on a team that will be building business services comprised of complex algorithms that are a part of this Hedge Fund’s quantitative
investment philosophy, and exposing that functionality through well-defined interfaces and systems.
• Key job responsibilities include:
• Responsible for the development and deployment of new analytics and models pertaining to the Business
• Responsible for helping to architect real-time trading systems across multiple products and functions
• Provide application and analytics support to Quantitative Researchers, Portfolio Managers and Traders
• Implementation and productionising of the prototype models developed with QR
• Develop new financial analytics functions using advanced mathematical skills and business knowledge to support QR’s need to analyze new products,
enhance risk mgmt, and or pricing functionality
• Qualifications :
• Minimum of 5 years experience in C++ in a Unix/Linux and Windows (Visual Studio) environment
• Minimum of 5 years experience in multi-threaded and real time programming w/ trading applications
• Solid skills in Perl, SQL, scripting languages. Sybase experience is a plus
• Solid knowledge of financial products and valuation methods is required
• Proven analytical, quantitative and solid problem solving skills w/ tangible experience developing sophisticated math models
• Personality characteristics:
• Passion for solving investment business problems through the use of technology and fundamentals
• Strong interpersonal and communication skills
• Strong critical reasoning skills
• Detail-oriented approach to solving problems
• Enthusiasm for learning & results oriented
• Strong work ethic & high degree of integrity
• Self starter and able to work with minimal supervision
• Education:
• • Masters Degree in engineering, science, or mathematics. PhD preferred.
13. Algorithmic Trading
• Research into execution algorithms,
transaction costs, Pre/Post trade analysis
• Work very closely with Traders and
Developers
• MiFID encouraging growth in this area,
less voice broking
• Growth beyond cash equities into FI,
Commodities and Options
14. Algorithmic Trading
• Developing advanced algorithms that go far beyond
basic TWAP/VWAP models to seek out liquidity in illiquid
and fragmented exchanges and dark pools
• Developing pre and post trade analytics to assess
performance and estimate market impact, involving
statistical analysis of high frequency market tick data
• Adding value by providing customised algorithms for
clients, and working with traders to advise clients on
optimal algorithms
• Programming ranges from SAS/Matlab to C#/C++ or
Java, depending on the firm and the role
15. Pricing and Valuation
• Usually sell side, supporting Traders and
Structurers
• Develop models to calculate the price and
risk of particular products
• Usually focused IR/Equity/Commodity/
Credit derivatives, often highly exotic or
structured products
• Can be sat on the trading desk
16. Pricing and Valuation
• Develop, implement and calibrate pricing and
risk models for new and existing products
• Explain model behaviour and predictions to
Traders
• Develop advanced analytics engines for exotic
and hybrid products
• Need awareness of traders timescales, accuracy
and be able to work well under pressure
• Generally require strong C++
• Particularly sharp Quants can often progress in
Exotic Derivative trading roles
17. Real Time Trading/Intra-day
• Trader holds positions for a very short
time (from minutes to hours) and makes
numerous trades each day. Most trades
are entered and closed out within the
same day.
• Highly speculative and potential high risk
activity.
• High frequency trading may deal with
millions of trades per day.
18. Quant Job In Real Time Trading
• Strong technical education, PhD (in Statistics, Mathematical Economics,
Mathematics, Physics) or PhD or strong MS/BS (in Computer Science, Electrical
Engineering).
• Should be a strong programmer (enough to be a “user of programming tools” doesn’t
have to be a professional developer). C++ helpful, perl, any of R, S+, Matlab,
experience with UNIX environment.
• Should have prior experience with data analysis (ideally with very large data sets).
Hands-on knowledge of various statistical and econometrics methods (e.g. time
series analysis) is desired.
• Should be absolutely driven, “hungry” and commercial. Super-enthusiastic and results
oriented. Should have demonstrated it in his/her career. Ability to lead projects is
highly desired.
• High frequency trading or statistical arbitrage (could be in any asset class) experience
is highly desired. Buy side experience is desired.
• Market/exchanges/products knowledge is highly desired.
19. Handy Tips for Getting A Quant Job
• Ensure your CV/Resume is easy to read and gives a fair and accurate picture of your education,
(including modules/courses studied) and career focus. E.g. if you are interested in trading and
want to work in this area, back this up with certain books you may have read or traders who have
inspired you. Be honest, it is likely you will be asked to back up statements made either by a
recruiter or the hiring manager at interview. Always ensure your dates are full and complete as
offers can be withdrawn for any inaccuracies.
• If you are a “problem solver” show how you have solved complex problems in the past and how
you maintained focus and motivation to a point of completion. Banks and Recruiters often need to
be convinced of how these problem solving skills could be transferred to solving real life complex
financial issues and often a PhD indicates the ability to complete a major project or research
area.
• Be familiar with what is going on in the Financial Markets. Start to read the Economist/FT/Wall
Street Journal. Clients may ask for your opinion on the Credit Crisis or the latest debacle with
Northern Rock. For Derivatives roles, clients often expect Junior Quants to have an
understanding equal to the content within Futures, Options and Other Derivatives by John Hull.
• Your interests and hobbies are important and give an indication of your personality, which is key.
If you have climbed Mount Everest or have excelled in Maths competitions, state so. Find a
balance between promoting yourself well and ensuring you do not sound arrogant.
• Research “Brainteasers” on sites like Wilmot-these are often Math questions centred around
probability. The client is interested in how you arrived at a decision and not necessarily the
answer.