Market risk officers are overstretched, does anyone care?

Stonegate Search

Throughout every sell-side market risk function I know pretty much every Managing Director (or equivalent) has been complaining about the amount of time they have to spend dealing with regulators. At first it was a period of major adjustment for the more senior executives as they had to work closely with the authorities. There was a view that this would blow over but after a few years it became apparent that they were not going to be solely inward-facing technical specialists anymore. Banks now appreciate that their senior risk specialists are the people regulators want to engage with.

To many people this has been a difficult addition to their remit as some in market risk and analytics are not natural socialisers and are unaccustomed to having outsiders question their methods and processes. As such we have seen a rise in the need to find people who have a more evolved…

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About sahriskmanager

I have worked as a Head of Risk and a risk culture builder at both Asset Management and Commercial Banking Institutions within and outside of Pakistan. Over the years I have developed exhaustive understanding of risks that exist in both Sharia and Conventional Finance related Investments and Financing/Lending Products. I have invaluable experiences to share with respect to setting up and restructuring of Financial Risk Management Departments at Islamic Banks and Asset Management Firms . This includes developing policy and procedure manuals, recruiting of staff, imparting Risk Trainings and preparing the entire SDI (System, Design & Installation) work-flow frameworks for the department itself. What I shall post on these blog pages are my personal experiences, global risk management issues and academic interests which I would like to share with academicians, students and practitioners of FRM - Financial Risk Management all over the world.
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