(Seeking advice) Transitioning away from Market Risk FICC

Hey guys,

I'm currently a BB market risk associate covering FICC. After a couple years in this role, I feel I've developed some understanding of the macroeconomic factors and market dynamics that drive trader strategies and positioning. 

Through my daily interactions with traders, we would catchup on their strategies trading rates diff, central bank policies, or some RV. While I don't actively trade intraday, I believe I have some grounding in how macro factors influence market movements. I follow closely on data releases/market pricing and have my own models for RV for self understanding that is less relevant to my role in risk management.

I figured my interest lies in the macro space and I'm wondering how to move into a more macro-focused role (not necessarily trading). I just feel I could contribute insights beyond just performing risk analysis and updating to senior management.

I'm open to any advice the community might have on transitioning into a macro-oriented position. I’ve also heard risk management in macro fund could be more relevant (?). What steps do you recommend I take to position myself for such a move? I’ve tried applying for trading roles previously but was rejected because I lack trading experience vs other candidates. 
 

more about myself: I’ve been in market risk for 3 years covering FICC, before that I’ve earned a PhD in maths specialising in probability and did some equities day trading.


Thanks alot!

 

Qui quia sint est dicta id. Alias ducimus tenetur praesentium velit.

Molestiae est aut et est. Corrupti est est at dolor repudiandae. Fugiat aliquid est earum aliquam aperiam. Quis enim ducimus accusantium maiores. Eos occaecati voluptas quibusdam aut dolores molestiae. Qui consequatur qui minima eum omnis ut.

Voluptas ducimus voluptatem quae et. Qui eos ipsam quaerat eum optio. Tempore occaecati quia deserunt adipisci molestiae dolor.

Et voluptatum vero aspernatur velit. Asperiores animi ad impedit animi culpa. Aut non exercitationem illo harum aspernatur exercitationem sit. Sit expedita veniam beatae. Saepe optio voluptas aliquam. Quae amet est aspernatur omnis ratione qui.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

June 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Perella Weinberg Partners New 98.9%
  • Lazard Freres 01 98.3%
  • Harris Williams & Co. 24 97.7%
  • Goldman Sachs 16 97.1%

Overall Employee Satisfaction

June 2024 Investment Banking

  • Harris Williams & Co. 19 99.4%
  • Lazard Freres 06 98.9%
  • JPMorgan Chase 09 98.3%
  • William Blair 03 97.7%
  • Morgan Stanley 04 97.1%

Professional Growth Opportunities

June 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Perella Weinberg Partners 18 98.3%
  • Goldman Sachs 16 97.7%
  • Moelis & Company 05 97.1%

Total Avg Compensation

June 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (23) $378
  • Associates (94) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (69) $168
  • 1st Year Analyst (207) $159
  • Intern/Summer Analyst (152) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”