q*******l
发帖数: 36 | 1 update:
谢谢各位的回复。
已经过了电话面试，5天后on-site面。面试官发了一个题目给我，要我准备一个10分钟
的presentation。题目大概是这样的：
What are the challenges in FX/interest rate risk management for a
multinational corporation given the current volatile market environment?
What should be the objective of risk management...
我是数学统计背景，主要学的是随机分析衍生品定价。risk方面只知道modeling、算
VaR，对这些“软”的金融精算知识不太了解。
我想赶紧看点相关的书或文章补充一下这方面的知识，有什么好书推荐么？
如果可以的话，希望能直接指点一下该从那些方面回答这个问题，不甚感激。
===========
大家好，
将要面试有一个实习职位，在Dow Chemical 的treasury做risk management。 但是我
不太明白为什么这种化工公司也搞trading，他们交易些什么呢？
先谢过！
===================
附job description:
The Financial Risk Management Unit in Horgen is currently seeking a student
for a
Project in Finance: Risk Management
to be located at our European Headquarters in Horgen, ZH
The Financial Risk Management group's primary mission is to add value to the
corporation through
management of Dow's financial risks mainly in foreign exchange, interest
rates and commodities.
The student will be actively coached throughout the internship, will
progress towards more
challenging tasks and gets a good overview of the interrelations between
analysis, markets, trading
and systems.
The main objectives of the internships are to support the group in building
tools and databases to
analyze financial markets and to back test and optimize trading and hedging
strategies. | A**u
发帖数: 2458 | | q*******l
发帖数: 36 | 3 谢谢回复。
我是math background，对有些general finance的东西不太明白，也是想提高些对面试
职位的认识。
【在 A**u 的大作中提到】
: 面就行了，瞎操心
| k*****n
发帖数: 117 | 4 人家不是说的很清楚么
is to add value to the corporation through management of Dow's financial
risks mainly in foreign exchange, interest
rates and commodities.
FX, intrest rates, and commodities risk management
this is essential for almost every multinational industrial/manufacturing
corporation | q*******l
发帖数: 36 | 5 谢谢，您的最后一句话解答了我的疑问！
您觉得在非金融行业做risk或者trading前景如何呢？
【在 k*****n 的大作中提到】
: 人家不是说的很清楚么
: is to add value to the corporation through management of Dow's financial
: risks mainly in foreign exchange, interest
: rates and commodities.
: FX, intrest rates, and commodities risk management
: this is essential for almost every multinational industrial/manufacturing
: corporation
| d*****9
发帖数: 147 | | q*******l
发帖数: 36 | 7 update:
谢谢各位的回复。
已经过了电话面试，5天后on-site面。面试官发了一个题目给我，要我准备一个10分钟
的presentation。题目大概是这样的：
What are the challenges in FX/interest rate risk management for a
multinational corporation given the current volatile market environment?
What should be the objective of risk management...
我是数学统计背景，主要学的是随机分析衍生品定价。risk方面只知道modeling、算
VaR，对这些“软”的金融精算知识不太了解。
我想赶紧看点相关的书或文章补充一下这方面的知识，有什么好书推荐么？
如果可以的话，希望能直接指点一下该从那些方面回答这个问题，不甚感激。 | b*******t
发帖数: 459 | 8 These are broad questions, not really fair for a fresh non-finance major
graduate.
This is a Treasury function, so lots will be asked about cash and liquidity,
funding and capital markets access (debt/equity issuance) etc. so be
prepared. If taken more broadly:
For such a corporation, you need to think about risk from many aspects, e.g.
earnings, economics, capital, liquidity, and balance that with returns. You
need to think from the view point of both your creditors and shareholders.
The major challenge is already mentioned in the question - volatility and
hence the high cost of hedging. I'd also mention the complexity and often
conflicting objectives and priorities in a big multinational in defining its
strategies and execution.
If you haven't thought about these in the past, use your intuition, and
focus on what you think is the true economic impact, and mention cash.
★ 发自iPhone App: ChineseWeb 7.3.1
★ 发自iPhone App: ChineseWeb 7.3.1
【在 q*******l 的大作中提到】
: update:
: 谢谢各位的回复。
: 已经过了电话面试，5天后on-site面。面试官发了一个题目给我，要我准备一个10分钟
: 的presentation。题目大概是这样的：
: What are the challenges in FX/interest rate risk management for a
: multinational corporation given the current volatile market environment?
: What should be the objective of risk management...
: 我是数学统计背景，主要学的是随机分析衍生品定价。risk方面只知道modeling、算
: VaR，对这些“软”的金融精算知识不太了解。
: 我想赶紧看点相关的书或文章补充一下这方面的知识，有什么好书推荐么？
| q*******l
发帖数: 36 | 9 Thank you very much for your reply Blackbelt! Your answer is of great help.
Could you please recommend some related readings on these topics?
liquidity,
g.
You
【在 b*******t 的大作中提到】
: These are broad questions, not really fair for a fresh non-finance major
: graduate.
: This is a Treasury function, so lots will be asked about cash and liquidity,
: funding and capital markets access (debt/equity issuance) etc. so be
: prepared. If taken more broadly:
: For such a corporation, you need to think about risk from many aspects, e.g.
: earnings, economics, capital, liquidity, and balance that with returns. You
: need to think from the view point of both your creditors and shareholders.
: The major challenge is already mentioned in the question - volatility and
: hence the high cost of hedging. I'd also mention the complexity and often
| S*******r
发帖数: 11017 | 10 化工公司也是BUY SIDE啊
不只是HEDGE FUND才算
人家这才是真正地用金融DERIVATIVES在对冲风险
当然肯定不会象HF非常激进地用一些交易策略来SPECULATE
挺好的机会
尤其是在COMMODITY这一块
手里有实货
或者是下游重要的CONSUMER
对于该产品的基本面的价格走势会有很好的理解认识 | A**u
发帖数: 2458 | |
|
