I saw many different ranks of people working in hedge fund companies, e.g. MD, COO, CIO, Chief Risk Officer, Partner, ED, VP, etc. How can I know if a guy is genuinely at senior rank? Is VP comparable VP in ibanks?

Anyone can recommend good books on how to set risk limits for a prop desk? Thanks ...

Thanks Impulsenine & TitanPartner. Luckily, they did not ask them these questions. Still waiting for their feedback (if any). Anyway, it's good to know more about these products.

It seems that there are at least two types of desk strategists in MS. One type is called "desk strategists" and the other is called "IDEA strategists". What are the difference?

To my surprise, the firm called me for a 2nd interview next Tue. Not sure if the two questions will be asked again. Could any of you offer any help as soon as possible? Many thanks.

<t>Just attended an interview in the synthetic products group in a large ibank for a trader role. Among all the questions, below are the two that I don't know how to reply: (1) What is a cfd? (contract for difference, I replied) How is it different between an equity swap and a cfd? Under what condit...

Why Lehman guys want to leave? I am told that Nomura guarantees them 2007 bonus to be paid in 2008 and 2009 ... also their base are fixed at as twice as native Nomura guys.

Twofish, where is the job ads for CSRC?

I guess that you are talking about algo/quant trading. As far as I know, risk management and quant trading still remain hot in this bad job market. Talk to headhunters and you will realize that you are in fact sought after by many firms. Good luck!

Are you working in MV? Really want to know a bit more about this role. Please check PM.

Thanks for all your feedback. So model validation is quiet intellectually demanding but with less pay. Then, who would like to do this?

<t>I am told that many ibanks hire quants for model validation team (usually under firmwide / market risk department). What these quants usually do? Compared with front-office pricing quants, is this role much more boring and less financially rewarding? According to many ads, model validation quants...

Hiya,I am looking for good books (introductory to advanced) that explains stress test on credit portfolios (i.e. CDS and CDO) & equity portfolios (long/short securities) as well as interest rate risk model. Thanks a lot.Cheers,quant123

<t>Hi all,A friend of mine recently gets an offer from GS as a Strategist in Prime Brokerage. He told me that there is nothing called quant in GS. They only have a similar something called Strategist whose job nature is a bit more than a quant. Is it true? If yes, what is the difference between a St...

Hi csa,Thanks a lot. quant123