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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]What background does one need to go into the risk and compliance field in fintech? Are you lawyers? [/quote]

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… 
 [/quote]

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?[/quote]

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.[/quote]

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

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