risk system can be front office #quartz

most market-risk (and MOST credit-risk) IT systems are considered middle office, but Kirat Singh’s presentations suggest a specialized developer role in risk/research space is more “front office” because these developers interact with quants and traders.

How do we identify such a developer position among millions of risk developer positions?
+ real time (at least intraday) risk numbers
+ job responsibility often mentions risk and pricing in one breath
+ pre-trade analysis
+ a key part of the trading strategy
+ a key part of models
+ business users are prop traders or fund managers, not agency traders
+ derivatives needs more risk management than cash products

In contrast, middle office risk systems
– are heavily batch-driven
– i feel some traders treat those risk numbers as unreliable, unlike the real time risk numbers they look at before every trade.

发表评论

Fill in your details below or click an icon to log in:

WordPress.com 徽标

您正在使用您的 WordPress.com 账号评论。 登出 /  更改 )

Google photo

您正在使用您的 Google 账号评论。 登出 /  更改 )

Twitter picture

您正在使用您的 Twitter 账号评论。 登出 /  更改 )

Facebook photo

您正在使用您的 Facebook 账号评论。 登出 /  更改 )

Connecting to %s