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What is Risk Management?


Risk management is a broad field and has different functions on the buy and sell sides. Risk managers usually perform a thorough analysis of market risk by evaluating the portfolio’s holdings and exposure. When it comes to model risk, risk managers examine valuation assumptions and estimation of parameters. 

Muhong Zhou (MFE ’16)

Risk & Quantitative Analysis, Equity at BlackRock
San Francisco, California

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After graduating from the MFE program, I went to work in the market risk management area. A risk manager must be able to apply quantitative techniques to real-world problems, including analyzing portfolio risk-taking and understanding financial markets. The MFE program helped me gain hands-on experience in finance, asset management and quantitative modeling that finance industry firms use to make decisions about investments and risk management.

Yolanda Cui (MFE ’15)

Credit and Structured Product Analytics (fixed-income portfolio) at AIG
New York City

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A good risk manager has a deep understanding of not only risk-related methodology, measures and models, but also covered financial products and market trends. The comprehensive courses of the MFE program enriched my knowledge in many areas, from risk management to financial instruments pricing to computational methods in finance to market essentials. More importantly, connections with alumni and insights from industry professionals gave me a clear view of my interests and helped to direct my career path.

Weixiang (Frank) Jing (MFE ’18)

VP at Bank of America
New York City

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As part of the Global Risk Analytics team at Bank of America, I mainly focus on market risk and credit risk area to provide market insights and analyze underlying risk drivers for derivative products. The analysis of trades and portfolios with a wide coverage of products requires advanced knowledge of derivatives of various assets, as well as strong programming skills to implement the automation process. The MFE program has built a bridge between industrial practice and theoretical innovation in past decades.

Recent Employers of UCLA Anderson MFEs within this career path: