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karansinghd
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Posts: 1
Joined: July 14th, 2002, 3:00 am

How can i move from a Market Risk oriented role into Credit Risk

April 9th, 2017, 3:09 am

I am currently working in a Market Risk Oriented Technology Role.
I have been working in this area for more than 11 years. I focus on Rates, Credit and FX Markets.

I am interested in the area of Credit Risk as i feel there is a great demand for Credit Risk professionals.

I have applied for a few roles but each time the recruiter says you do not have the relevant skills / experience.

Can anyone guide me on how i can achieve this Transition.

Do i need to do a specialised course. If so are there any good courses in Singapore. ?
 
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gbelford
Posts: 5
Joined: July 14th, 2002, 3:00 am

Re: How can i move from a Market Risk oriented role into Credit Risk

August 24th, 2017, 4:57 am

Why not have a look at xVA (counterparty credit risk) roles. You have the underlying asset class experience. Maybe have a look at the cva pricing model in QuantLib and/or Jon Gregory's xVA book/spreadsheets to familiarize yourself.
 
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DavidJN
Posts: 242
Joined: July 14th, 2002, 3:00 am

Re: How can i move from a Market Risk oriented role into Credit Risk

August 24th, 2017, 5:27 pm

gbelford has given useful advice. The gap between traditional risk management silos is blurring and the most obvious place to see this is traded counterparty credit analysis, which is a gateway between market risk and credit risk.

The mainstream field of credit risk writ large is of course more than post-trade potential exposure analysis, a good deal of it entails pre-trade efforts to prevent adverse selection of clients (borrowers). It starts with on-boarding procedures of potential clients informed by a rigorous ex ante analysis of their financial ability to honour contractual obligations. Among other things, this typically involves analysis of financial statements.