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Risk Manager

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A Risk Consultant helps clients to evaluate risk and recommends strategies to mitigate or offset risks that could result in financial losses for a company or organization. May analyze risk in investments, business operations or technology systems at a company. May provide risk management consulting for life insurance, health insurance or other types of insurance companies.

Business / Management Consultant

Strategic Planner / Analyst

Risk Consultant

In finance, model risk is the risk of loss resulting from using insufficiently accurate models to make decisions, originally and frequently in the context of valuing financial securities. However, model risk is more and more prevalent in activities other than financial securities valuation, such as assigning consumer credit scores, real-time probability prediction of fraudulent credit card transactions, and computing the probability of air flight passenger being a terrorist. Rebonato in 2002 defines model risk as "the risk of occurrence of a significant difference between the mark-to-model value of a complex and/or illiquid instrument, and the price at which the same instrument is revealed to have traded in the market".

Model Risk Management

Risk Exposure Management

In simple terms, risk is the possibility of something bad happening. Risk involves uncertainty about the effects/implications of an activity with respect to something that humans value, often focusing on negative, undesirable consequences. Many different definitions have been proposed. The international standard definition of risk for common understanding in different applications is “effect of uncertainty on objectives”.

Risk Modeling

Risk Analytics

The term operational risk management (ORM) is defined as a continual cyclic process which includes risk assessment, risk decision making, and implementation of risk controls, which results in acceptance, mitigation, or avoidance of risk. ORM is the oversight of operational risk, including the risk of loss resulting from inadequate or failed internal processes and systems; human factors; or external events. Unlike other type of risks operational risk had rarely been considered strategically significant by senior management.

Operational Risk Management

A stress test, in financial terminology, is an analysis or simulation designed to determine the ability of a given financial instrument or financial institution to deal with an economic crisis. Instead of doing financial projection on a "best estimate" basis, a company or its regulators may do stress testing where they look at how robust a financial instrument is in certain crashes, a form of scenario analysis. They may test the instrument under, for example, the following stresses:What happens if unemployment rate rises to v% in a specific year?
What happens if equity markets crash by more than w% this year?
What happens if GDP falls by x% in a given year?
What happens if interest rates go up by at least y%?
What if half the instruments in the portfolio terminate their contracts in the fifth year?
What happens if oil prices rise by z%?
What happens if there is a polar vortex event in a particular region?

Financial Stress Testing

Finance, also known as financial economics, is the study and discipline of money, currency and capital assets. It is related with, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services. Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance.

Finance

Market risk is the risk of losses in positions arising from movements in market variables like prices and volatility.
There is no unique classification as each classification may refer to different aspects of market risk. Nevertheless, the most commonly used types of market risk are:Equity risk, the risk that stock or stock indices prices or their implied volatility will change.
Interest rate risk, the risk that interest rates or their implied volatility will change.
Currency risk, the risk that foreign exchange rates or their implied volatility will change.
Commodity risk, the risk that commodity prices or their implied volatility will change.
Margining risk results from uncertain future cash outflows due to margin calls covering adverse value changes of a given position.
Shape risk
Holding period risk
Basis risk

Location	Median Salary
Québec, QC	$82,304
National	$82,304
Location +/-	0% Higher
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Location	Median Salary
Québec, QC	$82,304
National	$82,304
Location +/-	0% Higher
	Search another salary
	Show me related jobs

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