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Career Story: Risk Management Executive For A Financial Management Firm

Risk Management Executive For A Financial Management Firm

Job Title: Assistant Vice President Risk Management

Type of Company: My company is an investment management firm.

Education: BA, International Affairs, University of Maine •• MBA, Finance, Northeastern University •• CFA

Previous Experience: I worked at a bank during the summers in college and my first job out of school was as a mutual fund accountant.

Job Tasks: My department oversees the operations of the mutual funds our company sells. This includes managing expenses, producing financial reports, evaluating tax status, setting dividend rates and making SEC filings. In the past I was responsible for many of these responsibilities. Now I specifically evaluate the risks associated with many of these responsibilities. In order to perform evaluations I have to interview various performers and then perform a risk analysis to determine where we have gaps and potential for errors. I am also responsible for evaluating our service providers. As a result my job is very varied on daily, monthly and annual basis. While there are some things I have to do on a regular basis my general projects change continually. The most important thing for me is to have a good working relationship with my peers and counterparts so that I can provide effective and useful analyses to my boss.

Best and Worst Parts of the Job: I particularly enjoy that my job in not repetitive in nature. I am constantly exposed to new things and I am learning on the job. This is very challenging and provides an active work environment. I can honestly say I am never bored at work.

One of the more challenging aspects of my job is the fact that I evaluate risks. At times people can feel I am judging their work or their efforts. It is important to ease their apprehension but doing so can prove to be difficult.

Job Tips: I think the most important thing is to get as much experience as possible. I rely constantly on my past experience in order to analyze various scenarios. I started this job nearly 10 years after finishing college. During that time period I worked in several different areas and also went back to school. All of these things have contributed to my current success and fulfillment in my job. It was also important in helping determine the area of finance I wanted to pursue.

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