I am interested in Central Risk Desk roles at top-tier investment banks (London, New York). Can you please share your insights on that area of the trading floor? Banks with the the most notable desks? Those to avoid? Type of work and skills needed (is it quantitatively intensive? lots of programming?) Compensation (absolute and relative to other desks out there). Still a good place to be? Exit opportunities to hedge funds or prop trading houses? Are traders with that type of experience wanted? Any advice on how to break in? Thanks folks

It is a beautiful concept that a desk can make a lot of money by holding the position strategically and hedging efficiently. In reality it is becoming very hard since buyside in equities &futures markets are more flexible especially given the current market structure. Yes, it does require lots of programming. Have you ever heard how discretionary traders call any quant / trader that involve in systematic/ quantative/ automated / algorithemtic trading? Glorified IT. In bank, as general, the more discretionary the desk is, the more money you get paid.

Demystifying the Central Risk Desk

I am interested in Central Risk Desk roles at top-tier investment banks (London, New York).
Can you please share your insights on that area of the trading floor?

Banks with the the most notable desks? Those to avoid?
Type of work and skills needed (is it quantitatively intensive? lots of programming?)
Compensation (absolute and relative to other desks out there). Still a good place to be?
Exit opportunities to hedge funds or prop trading houses? Are traders with that type of experience wanted?
Any advice on how to break in?

Thanks folks

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Demystifying the Central Risk Desk

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