ACS Risk Analyst Track Education Professor Kwong Koon

Where do risk analysts work? • Risk management positions, such as risk analyst, risk

Risk Expected Risk Unexpected Risk Reserve Requirement 11 January, 2013 Capital Requirement Information Session

What is the Chartered Enterprise Risk Analyst (CERA)? • The CERA is an international

CERA Treaty Organizations Downloaded from CERA website 11 January, 2013 Information Session for Actuarial

Compare the different requirements for ASA and CERA Downloaded from SOA website STAT 201

Courses for the Risk Analyst Track • 11 compulsory courses (for both AA and

Courses for the Risk Analyst Track • Compulsory courses for the RA Track only

http: //www. ceraglobal. org/ http: //www. ceranalyst. org/ http: //www. actuaries. org. uk/ http:

Slides: 9

Download presentation

ACS (Risk Analyst Track) Education Professor Kwong Koon Shing ASA, CERA 11 January, 2013 Information Session for Actuarial Science Major (RA Track) 1

Where do risk analysts work? • Risk management positions, such as risk analyst, risk manager and chief risk officer are needed in the fields: – Insurance – Reinsurance – Consulting firm – Bank – Transportation – Technology – Manufacturing – Healthcare – Etc. 11 January, 2013 Information Session for Actuarial Science Major (RA Track) 2

Risk Expected Risk Unexpected Risk Reserve Requirement 11 January, 2013 Capital Requirement Information Session for Actuarial Science Major (RA Track) 3

What is the Chartered Enterprise Risk Analyst (CERA)? • The CERA is an international credential for professions in enterprise risk management (ERM) • It was launched in 2007 by Societies of Actuaries (SOA), USA • In November 2009, 14 actuarial organizations from 12 countries signed a global treaty establishing the CERA credential as the globally recognized ERM credential • Besides SOA Exams, you can also obtain the CERA designation by taking the exams offered in UK, Australia, Canada, etc. • Up to January 2013, there are more than 1000 persons qualified as CERA (17 in Singapore; 27 in China; 44 in Hong Kong; 19 in Taiwan; 8 in Korea; 8 in Japan) 11 January, 2013 Information Session for Actuarial Science Major (RA Track) 4

CERA Treaty Organizations Downloaded from CERA website 11 January, 2013 Information Session for Actuarial Science Major (RA Track) 5

Compare the different requirements for ASA and CERA Downloaded from SOA website STAT 201 ECON 102 STAT 311 STAT 314 STAT 203 FNCE 101 FNCE 102/ 201 STAT 313 STAT 310 ECON 107 ECON 207 11 January, 2013 Information Session for Actuarial Science Major (RA Track) 6

Courses for the Risk Analyst Track • 11 compulsory courses (for both AA and RA tracks) for students admitted in 2012/2013 1. STAT 101 Introductory Statistics or STAT 151 Introduction to Statistical Theory 2. STAT 201 Probability Theory and Applications 3. STAT 203 Financial Mathematics 4. STAT 311 Risk Theory and Loss Models 5. STAT 314 Statistical Methods for Actuarial Analysis 6. ECON 101 Intermediate Microeconomics B 7. ECON 102 Intermediate Macroeconomics B 8. ACCT 101/111 Financial Accounting 9. FNCE 102 Financial Instruments, Institutions and Markets or FNCE 201 Corporate Finance 10. FNCE 101 Finance 11. FNCE 305 Analysis of Derivative Securities or QF 301 Structured Finance 11 January, 2013 Information Session for Actuarial Science Major (RA Track) 7

Courses for the Risk Analyst Track • Compulsory courses for the RA Track only (select any three of the followings) – Risk Management and Insurance (FNCE 215) – Enterprise Risk management (FNCE 309) – Computing Technology for Finance (QF 205) – Global Financial Risk Management (QF 305) – Life Contingent Risks (STAT 310) – Quantitative Risk Analysis (STAT 313) 11 January, 2013 Information Session for Actuarial Science Major (RA Track) 8

http: //www. ceraglobal. org/ http: //www. ceranalyst. org/ http: //www. actuaries. org. uk/ http: //www. soa. org/ THE END Q & A Session 11 January, 2013 Information Session for Actuarial Science Major (RA Track) 9