Transitioning into risk - the right move?
Really enjoy reading the forum, lots of great advice.
Unfortunately, I was a casualty to a round of layoffs in my firm 3 - 4 months back. I've recently landed an offer to join a risk team for a major oil firm in Houston, but frankly I do have a preference to stay within the function which I've been in for the past three years (structuring). My initial thought process was that I could hold on to this role in the interim and since I already have the experience in structuring I could always make the switch once I put in my time or once an opportunity presents itself. However, I am worried that moving into risk would be detrimental in that jumping back into a front office role would be incredibly difficult once I make the switch.
Just to give an idea on my background, I've worked in structuring for 3 years. Prior to that I was in Market Risk for a bulge bracket.
Any thoughts/advice/input would be greatly appreciated.
How many years into your career are you?
My experience in risk is that it's a better deal for people who have done a good amount of time in front office and bring some front office credibility with them.
On the other hand, what's your next best alternative option?
SSits - thanks for the response.
I'm entering my 7th year working since graduation. I've been in a structuring/origination role for the past 3.5 years or so. Prior to that I worked in market risk.
In one hand, I think there's something to be said about not staying "stale" by actively working and staying current with the market. Truth be told risk is not a bad place to be at all. Additionally, there doesn't seem to be much hiring going on currently. On the flipside though, I'm a bit concerned that making the switch may be viewed in a negative light by future employers (maybe the move to risk shows a lack of direction..etc) since I'm really viewing this opportunity as an interim solution until the market picks up...
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