Why are financial risk managers treated so well? First, there are few such talents in the market, but there is a great social demand. Second, financial risk managers have high professional requirements and need to pass many professional examinations to meet the requirements, which includes a lot of costs.
Financial Risk Management of RTVU What are interest-sensitive gaps, interest-sensitive assets and interest-sensitive liabilities? Refers to assets or liabilities whose income or liabilities are greatly affected by interest rate fluctuations. When interest-sensitive liabilities are greater than interest-sensitive assets, lower interest rates will increase bank profits, while higher interest rates will reduce profits. When interest-sensitive liabilities are less than interest-sensitive assets, interest rate increases will increase bank profits, while interest rate decreases will reduce profits.
What are the influencing factors of financial risk management VaR? The first is the length of the holding period; The second is the size of confidence interval; The third is the observation period.
From what aspects can we learn from the systematic experience of "Financial Sector Assessment Plan" to build our financial risk management system and improve our financial risk prevention system.
(1) Establish a financial risk assessment system.
There are four main links in financial risk management, namely, risk identification, risk measurement, risk prevention and risk resolution. These links all depend on risk assessment, which is the premise and basis for preventing financial risks. At present, there are some risk rating agencies and risk rating index systems in China's financial market, but they are not perfect enough. We need to do the following work well: ① Improve the scientific financial early warning index system. ② Develop financial risk assessment model.
(2) Establish an early warning information system
Perfect information system is the premise of effective supervision. At present, although China has formed a relatively complete market statistical index system, its support for risk monitoring and early warning is still limited, which is still far from the requirements of the Basel Committee's Core Principles for Effective Banking Supervision. ① Increase indicators to describe the overall financial risks of the market and the risks of financial institutions, and provide information support for risk monitoring and early warning. ② Strictly improve the financial statement system of financial institutions, and formulate strict data collection contents and formats, methods and channels. The information reported by financial institutions should be audited by accountants and auditors. If fraud or delay is found, the regulatory authorities should punish it.
(3) Establish a good corporate governance structure
Whether the governance structure of financial institutions is good or not is very important to prevent financial risks. If the corporate governance structure is flawed, it will increase the risk of the financial system. The practice of foreign banks shows that the occurrence of financial risks and financial crises should be attributed to the lack of corporate governance to some extent. In recent years, the reform of China's financial industry attaches great importance to the improvement of corporate governance structure, but the positioning of owners and operators of wholly state-owned commercial banks is still unclear, and the senior management still combines governance and management rights into one, lacking the supervision mechanism of governance and operation. On the surface, the governance structure of joint-stock commercial banks is good, but in practice, there are also problems such as too high proportion of shareholders' loans and ignoring the income of minority shareholders. Therefore, the following work should be done in corporate governance structure: ① Improve the decentralization structure of state-owned commercial banks. ② Improve the organizational structure of corporate governance. ③ Improve the incentive mechanism and restraint mechanism. ④ Strengthening information disclosure and transparency.
Why is the salary of financial risk managers so high? FRM annual salary is a high-risk industry, and there are many financial risks such as exchange rate risk, interest rate risk, accounting risk, market risk and credit risk. The gradual opening of China's financial market and the rapid entry of foreign financial institutions have increased the operational risks of financial institutions in China. Therefore, at present, the accounting and auditing departments of domestic financial holding enterprises, securities companies, investment banks and commercial banks, registered financial analysts, asset management companies, futures traders, insurance companies and financial risk managers have all strengthened financial risk control.
Why can FRM financial risk manager become a hot job? In order to get the title of FRM, in addition to passing two exams, applicants must also have more than two years of relevant work experience. At present, FRM holders do not need to pay an annual fee.
Three thresholds of FRM:
Threshold 1: The examination is difficult: the examination subjects are comprehensive, covering market risk, credit risk, operational risk, corporate governance and other fields, involving modern management, finance, economics, quantitative statistics and other disciplines, and the knowledge structure is complex. Therefore, candidates need to undergo strict professional training, otherwise it will be difficult to understand the complex quantitative relationship and the risk nature of business and products.
Threshold 2: The examination cost is high: the knowledge is wide, the reading volume of teaching materials and review materials is about 654.38+00000 pages, and candidates spend a lot of time on review.
Threshold 3: it is not easy to obtain qualification: the application conditions for FRM certification examination are relatively loose, and there are no restrictions on candidates' academic qualifications and industries. College students can also apply. However, if you want to get the professional qualification certificate issued by GARP, you must pass many obstacles. First of all, you must pass the difficult FRM exam; Then have more than 2 years working experience in the field of financial risk or other related fields before you are eligible to apply to become a GARP member; In addition, it is necessary to sign a professional ethics convention with GARP in order to really get started and become a professional financial risk manager.
How to manage Internet financial risks in general? Generally, there are self-built risk control systems and cooperation with third-party service providers. Of course, most of them are combined together, so as to better reduce risks. For the third party, Tongdun Technology can be considered. I think their risk control system is quite good.