Hi guys,
Been following the forum for year, now have a question
I'm Quant market risk analyst in the City of London in a T2 bank.
First year after a master in financial engineering and risk management in a good semi
My dream has always been to work in S&T, especially Sales
You guys think possible to make this move? It would be better to ask and lateral or find another position?
Is this something probably easier to lateral to trading?
Advices are appreciate
Thanks
That's an interesting jump. Why sales, and not say, prime brokerage for equity statarb?
I understand the desire to get to the front office, and maybe even help clients as part of your job. What I want to do is to make sure you're leveraging your current background and experience to make the jump to your next job.
Every jump that I made, I was doing my best to leverage my past experience and skill for my next role. Whether I was jumping from Fixed Income Analytics to being a desk developer for sixty options traders, or from that to being a quant researcher in Equity Statarb.
So my whole thing is, let's get you to the front office, but let's also find you a job where your previous work as a risk management QR gives you a boost over the other candidates, and frankly gives a boost to your career. And my suggestion would be to take a long hard look at prime brokerage. Prime services is always looking at the balance of a hedge fund's holdings. If we're running a balanced book at a statarb fund, we can get 10-20x leverage. If we're not, you guys will give us less leverage. And if we blow up, you guys are the ones who will have to clean up the mess. So that risk management background is helpful.
I don't know the details of everything inside of prime brokerage, but I'd kind of steer someone with a risk management background in that direction.
Thanks for the brilliant reply.
Well, let me explain; I'm coming from a pretty quant bachelor (finance & econometrics) and master (math finance), though I am not the classic "quant" at all. I worked part time during my bachelor in sales, public relations, and I am the classic person able to sell a car to every random person that stands in front of me in the tube Every day my friends ask me where to put money, how's the market doing and if I have advices or can help them investing (and few of them are also potential clients for a possible bank) I also think that my character is not suited for trading, as I'm quite emotional
I find market risk quite interesting for the modelling part in Matlab/VBA, and also at my bank is a sort of FO as we sell risk management services to institutional clients and funds. (I'm not heretic saying that risk is FO, though)
I think that your suggest is anyway great! You think that could be easier to switch from Market Risk to Prime Brokerage in one of the major PB providers like MS GS or JPM? Is not a mix between BO/MO and FO? How's the compensation as far as you know?
Thanks a lot again!
I would also add that I think that maybe be in sales with a strong knowledge of what you are selling can give you the edge, as sometimes Sales lads don't have a specific knowledge of what they are selling I'm on Equity & Commodities hybrids desk btw
Interested in this thread since my background has some similarities. Been leaning toward a more sales type role than my previous analyst roles - want to get to more performance based compensation.
bump
^
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