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Total Posts: 350
Joined: Jul 2008
Posted: 2017-03-28 13:20

Is it worth going in this direction if you want to build a (relatively) stable career in quant finance?


Total Posts: 2802
Joined: Feb 2005
Posted: 2017-03-28 15:16
The principle sounds a little like pooling and executing big tickets in equity space (which is done by algos afaik but I am not an equity guy). Not sure though whether I would call this super quantitative... it probably works for asset classes that are reasonably liquid and exchange traded but everything that doesn't fit the description (although the market is moving in this direction, especially bonds) falls through the cracks.

Bottom line: if you could come up with more details (what does this desk, in what way, etc.) you increase your chance of a good answer Smiley.

"He's man, he's a kid / Wanna bang with you / Headbanging man" (Grave Digger, Headbanging Man)


Total Posts: 413
Joined: Apr 2005
Posted: 2017-03-28 23:49
All depends on the firm and the asset class.
Some firms handle a lot of risk in here, others literally warehouse it super-short term - to facilitate client flow.

It mentioned Citi in the bottom of the article - they used to run a proper CRB. JP still does in EQ, and UBS did. Not all firms do, nor have ever have run one...


Total Posts: 253
Joined: Dec 2012
Posted: 2017-03-29 02:41
I feel like this could be a really really great gig actually; I'm not sure if the economics are in it, but seems like a possibly fun way to leverage years of trading experience across a lot of different stuff. Or is this not X-asset?

There are no surprising facts, only models that are surprised by facts


Total Posts: 350
Joined: Jul 2008
Posted: 2017-04-06 23:21
Mostly equity, in a US bank.

Certified Headhunter

Total Posts: 325
Joined: Aug 2006
Posted: 2017-04-24 20:22
Not just US banks...
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