Fintech vs Carlyle?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What background does one need to go into the risk and compliance field in fintech? Are you lawyers?

OP here, I come from fund operations (same field as the Carlyle offer). I have no certification either. But I worked at a few brand name firms and the hiring team likes my personality.

I do believe fund operations is somewhat of foundation to fintech risk, a lot of investment attributes are transferable to the product in fintech and it’s easy to teach me how to evaluate risk.

I have a baseline set of skill such as writing memo, plotting PowerPoint and share a hatred of big bank bureaucracy…

Can you elaborate what you do for the fT. How do you execute risk management? Score potential business decision on likelihood and consequences? Evaluate credit worthiness of investments?

I evaluate credit worthiness of investments. The FT undertakes investment in a few asset class, CRE, private credit, VC capital call, ect... We have to come up with a way to evaluate their risk and assign a risk score, so that we can monitor - on the company level, are we undertaking too much risk in XXX area or too concentrated in XXX industry/geographic. We have 1 vote in the investment committee, while the investment analysts have 2 votes.

Not a very effective second line of defense if business has 2 votes to risk's 1.

This. In our company the risk dept is an equal or even stronger player unless it’s a minor thing.

If it’s a highly marketable skill, I guess I just move on to next fintech in a few year?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What background does one need to go into the risk and compliance field in fintech? Are you lawyers?

OP here, I come from fund operations (same field as the Carlyle offer). I have no certification either. But I worked at a few brand name firms and the hiring team likes my personality.

I do believe fund operations is somewhat of foundation to fintech risk, a lot of investment attributes are transferable to the product in fintech and it’s easy to teach me how to evaluate risk.

I have a baseline set of skill such as writing memo, plotting PowerPoint and share a hatred of big bank bureaucracy…

Can you elaborate what you do for the fT. How do you execute risk management? Score potential business decision on likelihood and consequences? Evaluate credit worthiness of investments?

I evaluate credit worthiness of investments. The FT undertakes investment in a few asset class, CRE, private credit, VC capital call, ect... We have to come up with a way to evaluate their risk and assign a risk score, so that we can monitor - on the company level, are we undertaking too much risk in XXX area or too concentrated in XXX industry/geographic. We have 1 vote in the investment committee, while the investment analysts have 2 votes.

Not a very effective second line of defense if business has 2 votes to risk's 1.

This. In our company the risk dept is an equal or even stronger player unless it’s a minor thing.

If it’s a highly marketable skill, I guess I just move on to next fintech in a few year?

Maybe? But are you really learning a skill if you're working for a company that doesn't understand the three lines of defense. If business can always veto risk, then you only have first line of defense.

[Anonymous]

Y’all nuts.

Carlyle is pedigree squared. Go there for a year or two and then go anywhere at 3X.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What background does one need to go into the risk and compliance field in fintech? Are you lawyers?

OP here, I come from fund operations (same field as the Carlyle offer). I have no certification either. But I worked at a few brand name firms and the hiring team likes my personality.

I do believe fund operations is somewhat of foundation to fintech risk, a lot of investment attributes are transferable to the product in fintech and it’s easy to teach me how to evaluate risk.

I have a baseline set of skill such as writing memo, plotting PowerPoint and share a hatred of big bank bureaucracy…

Can you elaborate what you do for the fT. How do you execute risk management? Score potential business decision on likelihood and consequences? Evaluate credit worthiness of investments?

I evaluate credit worthiness of investments. The FT undertakes investment in a few asset class, CRE, private credit, VC capital call, ect... We have to come up with a way to evaluate their risk and assign a risk score, so that we can monitor - on the company level, are we undertaking too much risk in XXX area or too concentrated in XXX industry/geographic. We have 1 vote in the investment committee, while the investment analysts have 2 votes.

Not a very effective second line of defense if business has 2 votes to risk's 1.

This. In our company the risk dept is an equal or even stronger player unless it’s a minor thing.

Looking at quantitative risks or doing operational compliance DD, is not the same as sourcing investments, relationship building in the targeted industry, underwriting/ diligencing it, developing an investment thesis, negotiating/ closing a deal, and actively monitoring the investment.

Don’t conflate.

Fintech is more FIg balance sheet risk so it’s dry.

[Anonymous]

Carlyle’s a big boring public asset manager dinosaur.

Go work at rubensteins family office instead.

[Anonymous]

Anonymous wrote:Y’all nuts.

Carlyle is pedigree squared. Go there for a year or two and then go anywhere at 3X.

I already have a 5 year stint with a pedigree squared PE firm, having Carlyle won’t add much of a differentiator. Plus it’s ops not front office, so it’s not going to be 3x, maybe 30k more if I am lucky haha.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What background does one need to go into the risk and compliance field in fintech? Are you lawyers?

OP here, I come from fund operations (same field as the Carlyle offer). I have no certification either. But I worked at a few brand name firms and the hiring team likes my personality.

I do believe fund operations is somewhat of foundation to fintech risk, a lot of investment attributes are transferable to the product in fintech and it’s easy to teach me how to evaluate risk.

I have a baseline set of skill such as writing memo, plotting PowerPoint and share a hatred of big bank bureaucracy…

Can you elaborate what you do for the fT. How do you execute risk management? Score potential business decision on likelihood and consequences? Evaluate credit worthiness of investments?

I evaluate credit worthiness of investments. The FT undertakes investment in a few asset class, CRE, private credit, VC capital call, ect... We have to come up with a way to evaluate their risk and assign a risk score, so that we can monitor - on the company level, are we undertaking too much risk in XXX area or too concentrated in XXX industry/geographic. We have 1 vote in the investment committee, while the investment analysts have 2 votes.

Not a very effective second line of defense if business has 2 votes to risk's 1.

This. In our company the risk dept is an equal or even stronger player unless it’s a minor thing.

Looking at quantitative risks or doing operational compliance DD, is not the same as sourcing investments, relationship building in the targeted industry, underwriting/ diligencing it, developing an investment thesis, negotiating/ closing a deal, and actively monitoring the investment.

Don’t conflate.

Fintech is more FIg balance sheet risk so it’s dry.

True, this said FI only have partial participation in first in first out revolving credit backed by CRE assets or Capital Call to VC with 3 years of positive EBITDA, super conservative guys… but still much more risky than, says Wells Fargo who barely take on any risk.

[Anonymous]

The one with less days in the office if you are doing a 2hr round trip

[Anonymous]

Anonymous wrote:The one with less days in the office if you are doing a 2hr round trip

Agree, plus more comp.