CFTC Hopes To Form New Risk Management Office For FY2011 NASDAQ
Date: 03.02.10
By Sarah N. Lynch, Of DOW JONES NEWSWIRES
WASHINGTON (Dow Jones)-The U.S. Commodity Futures Trading Commission hopes a proposed increase to its budget will allow it to create a new office geared toward detecting and reacting to emerging new risks to the marketplace.
This new Enterprise Risk Management Office would be funded by a portion of President Barack Obama's proposed fiscal-year 2011 budget increase and would " coordinate agency responses to address risks to markets and institutions the CFTC regulates," according to CFTC spokesman David Gary.
The idea of creating an office to monitor markets for emerging new risks isn't a new concept. The U.S. Securities and Exchange Commission in 2004 launched the Office of Risk Assessment, which was also designed to spot new trends or problems in the markets and serve as an enterprise-wide office to work with all of the SEC's divisions to police for risk.
SEC Chairman Mary Schapiro last year combined that office with several others to form a new Division of Risk, Strategy and Financial Innovation and tapped University of Texas Law School Professor Henry T.C. Hu to run it.
risk manager?
i want to be a risk manager. i have a diploma in finance and now i want to get a degree. would you recommend a finance degree or a degree in mgmt?
and would u rather take up a aust degree or a UK degree?
aust (murdoch) deg offers finance and UK (manchester) offers management degree
If you're talking about financial risk management, then you should get the finance degree.
Good luck.
How can a corporation effectively enforce drug policy if the HR Director/Risk Manager is on drugs?
The HR Director/Risk Manager is the same person.
Thank You AlexAtlanta but I do NOT do drugs and the person is directly impacting/influencing my life.
However, by title, it is also the person responsible for scheduling random drug tests.
I believe that it is possible to report him/her, if it is deemed a serious enough problem (to the Police, if need be). You can try to confront him/her if you like- I'm not sure how responsive your HR Director/Risk Manager will be. .but you can try. Perhaps recommend "Drug Intervention/Treatment" to your "Boss". This person does truly need help.
Party On Crawford!
You agreed to the policy as a condition of employment. You are responsible for fulfilling YOUR obligations. You have no right or reason to worry about other people's obligations. Their breach of the agreement is between them and your employer. You are not involved in their employment agreement.
Why would you possibly care about other people if they are not directly impacting you, your life or your job? Don't use this as an excuse to do drugs. Such an excuse would be pathetic.
As a risk manager of a large firm, what risks do you think your firm faces? For a?
As a risk manager of a large firm, what risks do you think your firm faces? For a
small firm? What accounts for the most important differences?
In a financial organisation it may be large fines due to breach of compliance by employee.
Bad debt.
Competition
what does a risk manager in a bank do?
I want to apply for an advertised job of risk manager in a bank but I have no idea what it requires. I've worked in a bank before but that position didn't exist.
It depends whether it's operations or loan related.
Though the position is usually within a compliance
department. A Risk Manager performs internal
audits to ensure compliance with regulations. They
must be versed in regulations set forth by the OCC
(federal) or State Banking Commisioner or FDIC
as well as the banks internal policies and procedures.
To a degree, all officers of a bank are responsible for
risk management. The operations supervisers at the
branch level are responsible for ensuring subordinate
personnel are performing within set perimeters that
reduce risk. Loan officers, especially commercial and
corporate banking officers, are responsible at a branch
level for ensuring compliance with all loan covenants
thus minimizing the risk for loss. At the highest level of
auditing, the person would most likely be fired if the
bank scored low on the community reinvestment act
CRA Audit or if a large percentage of loans went bad or the bank routinely erred in the filing of CTR large currency transaction reporting to the IRS... a bank
is subject to annual audits and the audits can be requested
by anyone who wants to see them. How well they score
in such audits affects whether that bank can expand, enter into negotiations to buy or merge with another bank, not to mention fines and penalties, etc...
In making a decision what would be the amount of risk a manager is willing to take?
I mean to ask how good a manager should be in judging and taking a decision and what would be the factors that affects the risk...as a corporate manager sometimes i fall in dilemma in making a decision
This is going to sound crude, but I don't mean to be. At my last place of employment I was acting COO. I didn't make it that far by feeling insecure about making a decision. If you are unsure you think about it and sleep on it overnight and then decide. I have even gone so far as to do research before making a decision to make sure there will be no legal consequences. I have always made sure that any decision I made did not directly effect any particular person to avoid employee conflicts and employee morale issues. As a corporate manager you shouldn't be double guessing yourself in this manner. You may be looking at a termination some where down the line when your superiors realize you lack this very essential skill requirement. And for the record I was not fired. I had to leave due to illness and they have been gracious enough to allow me to work from home in a different capacity, but still management.
What does Assistant Manager- collections- risk containment profile in a bank mean?
I have recently been offered the position of Asst Manager in a top private Bank . The Job is in the following Department/ Area: Collections- risk containment.
Does anybody have an Idea what it means? What are the duties/responsibilities involved/ the growth potential?
Thanks
If you don't know maybe you should'nt accept it.
I have received offer letter from Dolphin Bank Scotland as the Post of Credit Risk Manager.?
Hi.. am Ravikumar.M
I have received offer letter from Dolphin Bank Scotland as the Post of Credit Risk Manager.
for one year contract.. and i have join by march 20th of this year. please clear me i have take this oppurtinty or not ....?
did you have an interview for this post? if not then its a scam be careful
thats good choice but see in India
Is a FRM (financial risk manager) certification equal to a masters degree in finance?
No not even close
what is the average salary of a risk manager in financial derivatives and equities?
http://www.indeed.com/salary?q1=risk+manager+derivatives&l1=&tm=1
how do you become a risk manager for insurance?
get your insurance liscense first then learn and move upthe ranks
Risk Management - Seinfeld
The joys of risk management brought to you by george castanza
risk manager - News
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About author coming soon . . .
