I'm looking for some market intelligence... what area is growing fast and in what geographies. Is it because there isn't enough talent, or there is excess demand?
I was asked many times this question and I just want to hear the real practitioners’ opinion so everyone can contribute and profit from the crowd sourcing.
My guess- IT related implementations, compliance, Basel III, ERM, counterparty risk, programming and Quant skills
Looking forward for your active participation.
Understanding how various market parameters are correlated with each other and with fundamentals is crucial. For e.g., I would like to see candidates understand how does interest rate differentials between two countries affect foreign exchange rates between those two nations; what does high gold prices tell you about economy and what, if any, impact does it have on your entity's balance sheet consisting of rates, commodities and fx positions? Or, can you replicate a short strangle that yields approximately same net delta?
Basel III is definitely a hot field now as most financial institutions are required to comply with the new rules in th enerar future.
Uncertain why - but the intiial assumptions and by far the most accounted for responses concern the omni-present specter of "IT Exposures." While these offerings certainly addresses needful issues, "IT Issues," in significant (non-IT dedicated) Organizations only represent a small portion of Risk Exposure / Cost of Risk considerations.
Risk evaluations in the MENA Regions are usually differenciate by Traditional & Zones of Hazard (War risk). Once past that - exposures specific to that Organization's primary mission (Security: Professional Liability / Logistics: Care-Custody-Control of other's Goods / Transportation: Commercvial Auto Liasbility / Warehousing: Property related laibilities / Staff: ever present Workers Compensation-Health-Safety issues) drives the arguements.
We have found taking a holistic approach to Risk evaluation and remediation invoiloving as many qualified internal stake-holders as you (and Senior Management) can round up to participate - on a long term basis produces the most effective & lasting results.
Above represents a program you can proudly conevy & sell to your Insurers (especially London's Lloyds Reinsurer syndicates).
Boris, thanks for this opportunity to comment.
Jim Noone, ARM CHS-III