Aside from banks, what are other areas where credit risk professionals can apply their skills?
MT: In business, there’s risk everywhere. We’re currently working on a search for an alternative mortgage finance company that is now setting up a market risk area, which is basically treasury risk oversight. This area will analyze the risk of hedging with treasury trades, and advise the management of that risk. Other areas where credit risk professionals are being sought out are in acquisitions pricing, corporate development, and market strategy. Fund managers are building up their risk management teams. Anyone involved with managing cash, fixed income, borrowing, investing, insurance and similar functions need to have a risk management policy and a qualified risk management professional to oversee implementation of that policy. The businesses that understand their risks are the ones that are going to get ahead in this economy. Every business needs to ask key questions. What could happen that could really jeopardize my business? What’s the proper pricing on this deal? Those answers do
