Asset management professionals work with organizations that specialize in wealth management. Most banks and other financial institutions engaging in asset management invest in assets on behalf of their clients. Asset managers typically serve individuals with high net worth, charitable organizations as well as university endowment, pension and mutual funds. Here is a list of seven in demand position for 2014. To work in the asset management industry: fill the gap.
Quantitative Risk Manager
These professionals use various formulas to detect, monitor and gauge financial risks in corporate transactions. Some of the tools they use include stress testing and Monte Carlo simulation. Quantitative risk managers also provide real-time advice to clients, traders and portfolio managers. Most quantitative risk managers have advanced degrees such as masters or doctorate in econometrics, statistics or financial management.
These professionals record the transactions of asset management firms by making entries in accounting books. In addition, they prepare accurate and complete reports on firm’s financial positions based on their assets. The reports are expected to conform to accounting principles. To be a financial accountant, you are expected to have at least a bachelor’s degree in a finance-related field. However, some employers require higher degrees for managerial posts. While most financial accountants work normal business hours, they are busiest at the end of each quarter due to regulatory filings.
The main responsibility of a financial analyst is to evaluate companies or asset the fund follow. In addition, they review firms’ current and historical data, calculate their profit measures including net income and profit margins over trading revenues. Financial analyst posts in the asset management field usually require a degree in financial management or accounting.
Lead Systems Analyst
Programmers or lead systems analysts act as technical experts in asset management firms. They help develop and design interfaces of asset management applications. Lead systems analysts determine assigned area’s specifications and coordinates and share this information with project team members and business analysts.
Emerging Market Portfolio Manager
Asset management firms manage clients’ assets that may run into billions of dollars. Portfolio managers invest on behalf of their clients as well as third parties. These professionals are responsible for co-managing market portfolios and strategies. They should be able to analyze corporate debts as well as quantitative and qualitative sovereign risks.
Trade Operations Specialist
These asset management professionals provide leadership in projects and handle complex operations for high volume investment operations. They work along team members from various departments including Risk, Trading and legal departments to ensure business growth. In addition, trade operations specialists are responsible for monitoring investment operations, controls and processes. These professionals manage projects and are involved in various aspects of risk management.
Whether you are looking for a career change or graduating school, there are many opportunities available for people wanting to make a career in asset management.