Results of a new survey from 7city Learning show that over the past year, quantitative finance professionals (quants) and risk managers have increased their focus on risk management.
7city Learning, a global financial services training company, conducted the survey June, and polled respondents on the effects of the recent market turmoil on quantitative finance and risk management. Here are a few of the key findings:
In today’s volatile business environment, it pays to be nimble. Companies need flexible processes, ones that can quickly convert information into action in response to market movements. But, how are firms responding to this new need for agility? Are companies transitioning from their traditionally static business models to more responsive strategies?
Two recent studies suggest that the answers to those questions are mixed. Even though virtually all companies realize that today’s business environment requires agility, most are still struggling to find ways to reduce inefficiencies, improve decision-making, and develop the business dexterity needed to compete.
Nine out of 10 investment and operations executives in a recent survey rate risk as an “important” or “primary” consideration in their decision-making. Interestingly, though, about the same percentage feel they need additional skills and experience to effectively model, interpret and utilize the results from sophisticated risk models.
