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Personal Statement For Financial Risk Management

by Suleman
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Personal Statement

Financial Risk Management has always been my forte. Financial Risk Management at the graduate level offers immense opportunities for students. It gives learners a chance to gain computational, mathematical, and statistical skills requisite for manoeuvring today’s financial needs. This course offers a real opportunity for the learners to appreciate the dynamics of a rapidly changing business environment. Such skills are valuable when understanding the various risks in the industry and enable the learner to develop practical skills for navigating the turbulent waters. Also, being successful in today’s business world requires the learner to have a clear understanding of the psychological and managerial issues that have a direct impact on the management of the business. Many problems and risks bedevil today’s market. The environment changes rapidly, and this requires competent staff that can address and remedy the situation as it arises. Financial Risk Management is the right course to address these challenges.

I want to study this course at UCL for several reasons. Secondly, it’s a public institution with a research bias. I love researching because, without so, one becomes intellectually redundant. Secondly, UCL has a highly respectable standing in world league tables. This would grant me an opportunity to study and carry out research with the best brains and use the most recent publications. The financial world changes rapidly, and this calls for timely and consistent research to keep up with the happenings. Third, the location of the University is ideal for this kind of academic course. London is a major financial hub. The Financial Services Authority (FSA), Bank of England (BoE), and Financial Services Industry (FSI) have a direct and unwavering interest in the quality of financial analysis and risk management. The collaboration of UCL and these institutions will offer learners an opportunity to up their analytical skills, develop an interest in entrepreneurial skills, and provide the best advice concerning the financial risk situation.

Personal Statement For Financial Risk Management

Studying Financial Risk Management comes with every encouragement. I still enjoy giving realistic advice in actual circumstances. There is a high demand for risk management expertise. Risk management is the first step towards success as a company, especially in the market forces that prevail. The conduct of business is now global, and understanding risk factors and initiating mitigating measures is undoubtedly a way to get to a winning start. The development of global markets and instruments means there will always be inherent risks in running any business. The risk managers must have a clear and concise understanding of credit risk, market risks, operational risks, and liquidity risk. This course handles these areas more comprehensively, alongside other quantitative risks and the tools required for understanding market changes. Once I begin this course it will be important to learn other developments in risk management.

My academic and professional background makes me ideal for a course in Financial Risk Management. First, I hold a degree in Mathematics, which predisposes me to an analytical mind. Mathematics enables an individual to have a pragmatic and practical approach to problem analysis. I am also a mature student who understands the requirements of graduate studies. I am also efficient, have organizational skills and social skills, and manage myself well. I can also assess situations objectively and have a sense of self-discipline. Also, I am forward-looking and have a strategic mind, with a keen eye for risk. I can keep abreast of the volatility of financial markets. Lastly, I have communication skills with the ability to win over teams to my side. Communication also requires an organization to pass relevant information to all stakeholders. It would be imprudent to lie to organizations about the actual risk or to communicate such details ambiguously. The risk manager must have the ability to summarize a lot of information, analyze it, and come up with an honest assessment of the situation. Hence, communication skills are a requisite for a successful financial risk manager.

My programming experience comes from the work I have been doing since the year 2008. During that year, I helped to raise funds for Wenchuan earthquake victims and helped to organize 30 people of Chinese descent to watch the opening ceremony of the 2008 Olympics. I also represented Chinese students at school and did voluntary work for a famous singer’s concert. In all these endeavours, I gained praiseworthy reports.

Given the changing complexity of business activities, a career in Financial Risk Management has many opportunities. I want to acquire the skills that would enable me to offer honest and timely advice to organizations on all matters of risk and become a trailblazer in my field of specialization. The financial world is prone to many risks. I want to assist business organizations and investors in understanding business environments before investing their resources. This would minimize the chances of loss and would ensure businesses remain sustainable in the end. Finally, completing this course will enable me to play an active role in risk management by learning what is new and what can potentially affect businesses. This course can change the way I view the world of finance and risk and will be the perfect opportunity for me to learn what motivates and excites me. I hope that the skills I learn will be of immense value to organizations.

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