CFA and Risk Management Hello, related

Beatnik

Hello, I was wondering how closely related in reality is the CFA designation with Risk Management professionally?

tarunajwani

depends if you're long or short the basis

sabre

I work in Market Risk in a bank and can tell you from my experience that apart from the chapters directly related to Risk and Quant, the stuff you learn about various asset classes and their derivatives is extremely relevant and useful in my job.

Most of L2 material, depending on the asset class your role focuses on, can be very useful. For example, when I am talking to an IR Swap trader, I know exactly what questions to ask about the trade and how to interpret his answers.



Edited 1 time(s). Last edit at Wednesday, August 31, 2011 at 03:59AM by CFASniper.

svgleeson

Level 3 has a separate risk management section. The Quant, FI, derivatives, and quantitative portfolio management topics are also relevant for risk management.

bodhisattva

I'm in the middle office here (aka risk management) - and while I agree with ohai, much of the curriculum indirectly applies to our area. The quant is useful (to a degree) as is the economics in understanding the general economy and its impacts on our area. Obviously the risk managment sections, but the derivatives & fixed income are also useful for me. Actually, other than alternatives and equity, most of it has at least been indirectly beneficial to me.

Except the accounting. I'll never see that again. (thankfully)

jbaldyga

Some of the CFA curriculum is very related to risk management - it teaches you about VAR and stuff like that. Most of the curriculum is about other stuff though.