Discuss your professional objectives, both long- and short-term, and indicate how your past experiences have contributed to these objectives. Why do you want to pursue a Master of Science in Risk Management for Executives at this point in your career?
The suggested length is 500-750 words.
Get a better understanding of investment risk management strategies. During my career, I have been mostly involved with investment accounting. I feel like increasing my knowledge in different investment strategies and risks will add value to my professional development.
As my company is implementing risk management tools, I want to be able to be an additional resource for evaluating investments/foreign exchange risks strategies.
– who want to enhance their careers by fully understanding how to identify and manage various types of financial risk.
– real world risk management problems (i.e. credit, interest rate, currency and market risk in asset and wealth management, arbitrage strategies, restructuring and combinations, and alternative investments).
– the design, development, and execution of financial risk management strategies and systems.
– learn how to design, build and execute sophisticated and effective risk management systems.
– Be able to address various real world risk management issues (i.e., regulatory, operational, financial, supply chain, reputational, economic, political, global, and enterprise risk management).
Demonstrate the ability to apply the competencies of the discipline
Understand the process of how to identify, measure, and manage risk
Understand how to mitigate and finance loss exposures using alternative risk management techniques
Understand insurance products and corporate risk management strategies
Understand decision making for the operation of insurance and related financial service sector firms
Demonstrate skill producing quality independent research using advanced statistical and simulation tools
Goals of the Program
Analyze the dynamic nature of risk management including Value at Risk for market and credit risk.
Examine the role of derivative instruments in hedging risk with case studies specific to pensions, mutual funds and hedge funds.
Address regulatory risk requirements and their role in corporate governance and operations.
Prepare students for the Financial Risk Manager (FRM) exam .
The Program focuses on the use of mathematics, statistics and computer programming in modeling and managing financial risk, and covers many of the same topics as the MSFA Program.
want to build expertise and training in the risk management field.
The MSRM Program equips students to prepare for the Financial Risk Manager (FRM®) exam . The Program offers a coordinated, sequential approach to the tools and knowledge covered by the FRM exam designation.
to address contemporary risk management issues. Emphasis is placed on the diagnosis, analysis, pricing, and customization of solutions to risk management problems, broadly defined to include both financial and operational risk exposures.
looking to advance their careers or to gain a foothold in the growing area of risk management within corporate and financial organizations.
decided to take the .wallstreetoasis.com/company/morgan-stanley”>MS in RM was to stand out from all the other accounting majors . I figured it will make firms/companies more interested in me as I look more well-rounded and would have some knowledge outside of accounting.
The MS in Financial Risk Management will help students prepare for the FRM certification offered by GARP.
Gain mastery over concepts and skills that impact every aspect of risk management in financial and non-financial organizations:
hedging and managing risk in manufacturing, retailing and other non-financial organizations
financial securities markets that are important for risk managers: equity markets, bond markets and futures and options markets
managing portfolios in financial institutions
measurement and management of risk in financial institutions
modeling risk in financial institutions
gives you a thorough understanding of all aspects of financial risk management, whether in a financial institution or in a non-financial institution, beginning from a proper understanding of equity, bond and derivative markets and continuing to an appreciation of the management of portfolios and the measurement and management of risk in those portfolios. You also learn about the global aspects of risk analysis.
the field of .wikipedia.org/wiki/Risk_management”>risk management has evolved rapidly and significantly, post the .wikipedia.org/wiki/Financial_crisis_of_2007-2010″>financial crisis of 2007-2010, and will help prepare for those risk management discussions that arise. Graduates of this program will enhance their academic capabilities and credentials in an area of expertise that is fundamental to sustainable performance of their organizations.
From nyu page so make sure to change and do not copy the same:
Graduates of this program will enhance their academic capabilities and credentials in an area of expertise that is fundamental to sustainable performance of their organizations.
They will be ahead of the curve because they will have the capacity to understand and manage risk from a broad systemic and strategic perspective. Additionally, they will learn innovative modeling techniques and become equipped with a tool set that will enable them to understand how a firms strategy and business contours drive risk exposure profiles
After one and half years at Deloitte, I joined the Financial Services Group at PricewaterhouseCoopers to focus on clients within the financial and investment industry. In this capacity, I led the audits of financial statements including reviews of quarterly financial information and audits of internal control over financial reporting as required by Section 404 of the Sarbanes Oxley Act. At PricewaterhouseCoopers I learned to successfully run complex operations, entrust and delegate responsibilities, and manage people to effectively complete difficult tasks within deadline; generating huge sums of money for my company in the process.
My short-term goal is to pursue a career in a global private equity firm. Though, my academic background in accounting and professional work experience has enabled me to develop knowledge of the operational, marketing, valuation and financial issues confronting many business concerns, I believe that I have limited exposure to advanced strategic and financial management ideas, thus, obtaining an MBA at this time will provide the necessary platform to switch careers from auditing to private equity and eventually own my firm.
Working in a private equity firm, I will acquire business development experience, develop my reputation within the industry, widen my personal and business networks and hone my managerial abilities. Clearly, this experience will help me grow into a well-rounded business leader, enhancing my ability to identify and execute business opportunities.
.0pt;text-align:center; tab-stops:414.0pt”>Federico Velasquez
110 East 13th Street Apt # 3E
New York, NY 10003
(646) 417-0760
.com”>fvru@hotmail.com
PROFESSIONAL EXPERIENCE:
Sirius America,New York, NY 3/2009 Present
Accounting Supervisor Group of Finance
· Assist in monthly financial close process and completion of additional quarterly and year end filings according to US GAAP/SEC reporting.
· Analyze balance sheet accounts and prepare monthly account reconciliations.
· Maintain company’s general ledger and transaction processing system.
· Prepare a quarterly debt schedule to monitor outstanding principal and interest on debentures.
· Calculate and record interest, foreign exchange, and amortization of issuance costs and interest rate swap (ASC 470 and ASC 815).
· Review monthly bank reconciliations.
· Record payments of invoices, dividends, interest on debt, return of capital and contributions.
· Maintain an accrual database for open invoices.
· Record journal entries for capital transactions, acquisitions, dispositions, liquidations and reorganizations (ASC 805).
· Execute special projects and ad-hoc assignments.
· Ensure proper booking of investment partnerships for securities and derivatives (ASC 815, ASC 820 and ASC 825).
· Translate financial statements for non USD denominated subsidiaries (ASC 830).
· Assists with responses to both internal and external audit requests ensuring timeliness and completeness of information provided.
· Assist in the process of testing and incorporating Hyperion as the new consolidating system.
PricewaterhouseCoopers,New York, NY 9/2006 3/2009
Experienced Associate Financial Services, Banking & Capital Markets
· Developed extensive banking and capital markets audit experience, including broker dealers, banking clients, and entities that provide insurance to boutique firms.
· Verified adequacy of client’s internal control policies through research of accounting pronouncements relating to derivative financial instruments such as swaps, options, futures, and commodities while ensuring compliance with Sarbanes-Oxley 404 standards.
· Presented findings and recommendations for improving internal controls and accounting procedures to senior management of client companies.
· Prepared engagement budgets and analyses` of audit performance; interacted with senior management regarding engagement status, and participated in the analysis of significant accounting issues.
· Performed audit work on 10Ks, 10Qs, offering memorandums for SEC clients and non-SEC clients.
· Supervised audit teams comprised of numerous associates.
· Ensured client compliance with US GAAP by performing audits in accordance with US GAAS.
Winter Intern Financial Services, Banking & Capital Markets (1/2006 4/2006)
· Assisted in completion of quarterly review procedures.
· Reviewed financial statements.
Smith Barney Citigroup, New York, NY 6/2003 9/2004
Sales Assistant
· Assisted with client services and daily operations of over 700 accounts.
· Analyzed and prepared reports that reflected stock market activity in client portfolios.
· Provided market research for high net worth clients.
· Assisted in the analysis of clients accounts and the promotion of special services to select client groups in order to expand business.
Urban Property Management,Boston, MA 6/2005 12/2005
Part-time Accountant
· Prepared and booked standard monthly journal entries.
· Prepared monthly company billings and reconciliations.
· Distributed vendor invoices to appropriate general ledger account classifications.
EDUCATION:
Northeastern University,Boston, MA Berkeley College,New York, NY
Master of Business Administration, September 2006 Bachelor of Business Administration, September 2003
Major: Accounting; GPA 3.35/4.0 Major: International Business; GPA 3.97
Notables: Presidents List, Soccer Team Captain
SKILLS:
Languages: Fluent in English and Spanish
Computer: Microsoft Office, Access, Bloomberg, Lotus notes, Yardi, EAS,and PeopleSoft accounting software.
Working towards a financial risk management professional certificate at NYU (3 classes taken: Fundamentals of financial risk management, intermediate financial risk management and advanced financial risk management).
References available upon request
