Carnegie Mellon University
Master of Science in Computational Finance  ›  Careers  ›  Career Paths  ›  Risk Management

Risk Management

The science (and art!) of computing and managing the credit, operational and market risk borne by traders and portfolio managers has grown in complexity and importance since the financial crisis of 2008. Talent in this area is in great demand by financial firms and the regulators. As a “middle-office quant” at the banks and hedge funds or in your role with the regulators, you will validate the trading, pricing and enterprise risk models developed by the front office, build or evaluate anti-money laundering and fraud detection models, manage bank stress tests, establish and monitor position limits and sector exposures, evaluate liquidity ratios and optimize regulatory capital levels.


Job titles in risk management include: 

  • AVP, Franchise Risk Architecture
  • Associate, Treasury Risk
  • Investment Risk Analyst
  • Market Risk Analyst
  • Risk Officer
  • AVP, Asset and Liability Management

Employers in risk management include: 

  • Western Asset Management
  • Balyasny Asset Management
  • CME Group
  • State Street
  • Fidelity
  • Bloomberg
  • PwC
  • Intercontinental Exchange

Alumni in the Industry

Daryl Hershberger, MSCF '00
Partner - 124 West

"Risk is a great background to have, even if you don’t want to do it in the long run; it’s a great place to start. It’s easy to move around with risk management as foundation."

Read the full interview with Daryl

Industry Article