Acceptable Work Experience

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langbarb

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I have been working for a few years as a Conterparty Exosure Measurement analyst in a major global investment bank. The job consist in quantifying Potential Future Exposure (PFE) for counterparty portfolios of derivative transactions. We develop and use Monte Carlo engines and spreadsheets which simulate the evolution of underlying risk drivers (e.g. interest rates) over time and re-price the trade/portfolio at different future dates. Traders send us trade structures and we revalue it under different scenarios. The exposure levels are compared to credit lines given to counterparty for trade approval. Another tasks is calculating collateral haircuts and initial margins which are then quoted to conterparties as part of the deal. We use quantitative and statistical technique to forecast the evolution of the trade Mark-to-Market. We generate distributions of future MTM and extract statistics like percentiles.
Would anyone familiar with exposure measurement know whether this job qualify as acceptable work experience?
Thank youu
 
This kind of experience is not acceptable by the esteemed CFAI, but acceptable experiences include others like the following:
Accountant, Actuary, Auditor, Consultant, Client service representative or relationship, Economist, Financial journalist/editor, Institutional sales professional/business, Investor relations, Product/software developer, Regulator.
 
Remeber the title alone doesnt guarantee acceptability. Why is an auditor listed. When ever will an auditor be involved more than 50% of the time in the investment decision making process.
 
Agree with Rydex, the role I described above has almost 100% of the time dedicated to the inv decision making process… exposure measurment analyst are quant credit risk analyst whose input are key in the structuring of a deal, particularly when collateral is involved and credit line are tight. I am convinced it is more acceptable work experiece, was interested to see if anyone who did this job has successfully applied to CFA…..
 
You can do it. Just use a ton of cfa jargon when you describe your job. Sure maybe your an attorney but you spend all day combining over investment decisions for legal problems and need to understand valuation strategies etc to di it. bs, you’re a lawyer. You should already know how to do it!
 
^ Totally agree with chicken legs. Just remember to frame everything you do in terms of how it relates to the “investment decision making process”.
I (and some other people i know) got gov’t work experience approved. The term “investment” can be interpreted broadly. Then you just have to demonstrate how your work contributes to people making ‘investment’ decisions.
There’s a questionnaire on the CFAI website that should help give you an idea of whether or not your experience will qualify.
Good luck!
 
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