What a Capital Risk Management Executive at a Major North American Bank wishes they had known before entering the Banking industry
Ryan, a Capital Risk Management Executive, wishes someone had warned them about the sheer volume of reading involved in the role, likening it to that of a lawyer because "you have to read just tons and tons of regulation" along with staying abreast of Federal Reserve communications, a surprising aspect given the quantitative nature of the field. Despite this unexpected workload, they appreciate the balance it brings between analytical and verbal skills.
Regulation, Financial Risk Management, Reading Comprehension, Analytical Skills, Communication
Advizer Information
Name
Job Title
Company
Undergrad
Grad Programs
Majors
Industries
Job Functions
Traits
Ryan Almquist
Capital Risk Management Executive
Major North American Bank
Wake Forest University
N/A
Business Management & Admin
Finance (Banking, Fintech, Investing)
Strategic Management and Executive
Video Highlights
1. The role involves a significant amount of reading, including regulations, news articles, and press releases from entities like the Federal Reserve.
2. Staying updated with regulatory changes and industry news is crucial, requiring consistent effort to read and comprehend complex materials.
3. The role offers a good balance between verbal and analytical skills, combining quantitative tasks with the need to understand and interpret written information.
Transcript
What have you learned about this role that you wish someone had told you before you entered the industry?
One thing I didn't necessarily have a great appreciation for is there's a lot of reading. I feel like in some ways I'm a lawyer sometimes; you have to read just tons and tons of regulation.
You've got to stay on top of news articles and press releases from the Federal Reserve. They're not always the most concise writers.
There's a lot of reading that I wouldn't have necessarily expected working in a quantitative function in a quantitative industry. That kind of surprised me, but I like it. It's a good balance of verbal and analytical skills.
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