User:Juliatsai

ERS (Enterprise Risk Services)
These individuals perform risk and control based assessments for companies within all types of industries. They deal a lot with project planning, budgeting, executing and managing of day-to-day tasks for internal control assessments. They develop operational process models to help identify risk, they do some pricing valuation models to identify risk. Often times they have their CFE(certified fraud examiner). These individuals are to be proficient in databases including: Excel, Access, advanced spreadsheets, V-Lookups, Pivot Tables, Macros. They also do a lot of SOX and SAS 70 testing.

Keywords for resumes are: risk, consultant, SAS70, internal processes, process improvements, project management Opportunities: reporting & controls opportunities

Transaction Services
When companies buy or sell companies through M&A, auditors come and deal with the transactions involving the deal. They sometimes are able to do valuation work and due diligence.

Fixed Income
- Bonds - Swaps - Future Contracts - Forward Contracts

Derivatives
- OTC: Swaps, Forward Rate Agreements, Exotic Options, Interest Rate Swaps, CDS (Credit Default Swaps) - Futures/Forwards/Swaps/Options

Operations
Booking Trades, Settlements, Reconciliations

Product Control
Various types of products. Mainly deals with P&L, Pricing, Valuations Within Banking, Product Controllers are responsible for the Accounting and Financial Reporting for the trading desk; compiling the P&L accounts from products traded by the front office daily, responsible for the bookkeeping of trades and monitoring trading activity to ensure all positions are correct. They analyze the P&L and market trends to assess how the trader is performing in accordance to the market.

Why Product Control? These opportunities put you in the heart of the action, offering fast paced, and dynamic work culture. You'll gain an understanding of how securities and financial products and instruments are traded while getting the opportunity to be heavily involved in project and analysis work.

Prop Trading
Similar to a hedge fund within a bank, they're serving the firm instead of clients. Trade everything, gets a more diverse set of product exposure. Might want to specialize in the future moving forward into the director level. They use a different business model than typical product controllers.

MS & BC
traders are in separate buildings.

JPMC
PC/Traders have daily interactions, both work on the same floor, their PC positions are more book runner roles, and TA functions. They have more technical positions dealing with trade captures, P&L, and risk analytic. They use greeks to do their PC.

GS
Best bonus packages at the end of the year. Mostly looking for well rounded candidates that are able to wear many hats and perform different functions with ease. Want individuals that can run with projects and have the ability to manage business delegations.

Commerz
Midsized German bank, trying to increase their presence in the US. A lot of exposure to FO, they also get involved in independence price verification/valuations.. top performers can move to FO.

Real Estate (non-financial services)
Individuals in this capacity often have experience with Real Estate Investment Trusts (REIT). They are securities that sell like stocks that invest in real estate, properties and/or mortgages. REIT's usually receive special tax deductions, and are high in liquidity while allowing high yields as well. There are 3 types of REIT's: Equity REIT, Mortgage REIT, and Hybrid REIT. Equity REIT invest in and own their own properties usually buildings or apartments where their revenue is derived from rent. Mortgage REIT deal mainly in investment and property mortgages. They loan money for mortgages and owners of real estate and MBS where their revenue is generated by collecting the interest on the loans. Hybrid REITs invest in both properties and mortgages.

Actuarial Audit
Expert search for the real value of a company's common stock. Deals with the analysis of corporate finances and prospects and is unconcerned with the market price, quarterly earnings, and price/earning ratios. Most work with insurance (life, health, property, casualty), employee benefits (pension/health plans), or finance (corporate/public). Actuaries are more interested in the past and the present can tell about the future of the company. Relevant Resume Information: modeling, flow testing, GAAP reporting, pricing. Cost efficient models.