Organizational Structure and Your Career Path An organization that I admire and would like to work for in the future is Chase Bank. The most admirable quality of this financial institution has to be its leadership during the financial crises of 2008. Through great task delegation and resource management, this company was able to circumvent detrimental events which could have led to bankruptcy. Since, I am interested in working for a financial institution such as Chase Bank and I am following the educational steps that reflect this desire, it would only be appropriate that in the future a joining of interests from Chase Bank and myself would take place. With further education in finance, I see myself developing a strong foundation of knowledge …show more content…
These financial institutions are seeking out people to assist them with requirements such as: Sarbanes-Oxley, Dodd-Frank, and continued regulatory pressure. Banks have learned the downside to overconfident and neglectful management of important aspects of financial activity (Melwani, 2015). I see myself as a potential asset to such companies who require meticulous adherence to rules and regulations. The hierarchical nature of such institutions will enable me to instill a sense of support and belonging to other employees within the organization. Since, I have dedicated the
ORGANIZATIONAL STRUCTURE AND YOUR CAREER PATH 3 last five years of my life to the pursuit of understanding the inner workings of companies, I have developed a commitment to the field which enables me to understand various components of a company like Chase Bank. With my understanding, I will be able to potentially solve problems from various departments within the company such as: R&D, Marketing, and
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However, it would be a mistake in the current banking industry to partake in expressive leadership, which takes into account as a high priority the employee’s emotional wellbeing (Prodanciuc, 2012). This kind of leadership is not nearly as crucial in current circumstances so far underlined. In order to solve compliance issues what is needed is an instrumental leadership style which engages in strict task delegation. This is why I would be an instrumental leader (Prodanciuc, 2012). Not only would job clarity be of utmost importance, but goals would be reached in a timely manner.
Measuring Risk at Financial Institutions The idea of “risk” is used in many fields and industries. There has been large efforts made towards the understanding of risk. Since, risk varies so much depending on the field of study, the need for learning about it is warranted. As can be imagined, the importance of risk in a market economy is crucial. In the 1990s, JP Morgan made the Value at Risk (VaR) a central component of its work efforts (Cecilia-Nicoleta, Anne-Marie, & Carmen-Maria, 2011). After that time, VaR has become embraced by the Governing Bodies overseeing the world bank. In essence, VaR measures the probability of loss or gains related to capital stock. Furthermore, the understanding of the chance of loss or gain can be extended over the economic life of a project (Cecilia-Nicoleta et al.,
Organizational success is dependent on several interior and exterior factors. While exterior factors are important, the internal workings of an organization are vital. Specifically, empowered employees and effective communication contribute indefinitely to accomplishing common goals within the company. The foundation of successful high performing teams is through effective leadership. Without effective leadership, company morale and productivity can decline causing, the company to fall into a downward spiral. Therefore, to pursue and maintain a career as a leader in financial management, I will need to empower employees and effectively communicate the goals of the organization.
I’m always fascinated by the stories of successful entrepreneurs such as Jack Ma, the founder of Alibaba and Elon Musk the founder of Tesla and Space X. It is not only because of they are famous but also because they found their investors who contribute to their success and have the right to take part of it. The curiosity of finance drags me into the field of commerce and investment. Finance, a comprehensive study, requires the ability of mathematics and understanding of the economic environments which are my two favorite subjects since I was in year 11. I got my first chance to access to the field of finance in 2017 through two internships: at China Everbright Bank and Nuoyuan Holdings, a subsidiary of Hanfor Holdings. Getting to
Cernauskas, D., & Tarantino, A. (2011). Essentials of Risk Management in Finance. Hoboken: John Wiley & Sons, Inc.
When I discovered the Finance Internship Program with Comcast NBCUniversal on Handshake, I was immediately drawn to the opportunity to join an innovative and industry leading organization. I am excited by the chance to gain corporate finance experience by working in one of Comcast’s many finance functions and being able to develop my business and finance related skills with an organization as prominent as Comcast NBCUniversal. As a junior majoring in Finance at the University of Arizona, I am passionate about corporate finance. My job at the UA Budget Office, my work as a preceptor for the UA Management and Organizations Department, and the knowledge I have gained from the Investments Club
I gained a better understanding of the financial system while working at Morgan Stanley, but more importantly, I discovered that I enjoyed working with companies and thinking about the business issues they face. I started in the Equity Capital Markets Group in New York, where I helped corporate clients navigate the equity issuance process. It was a high-volume desk, and I was quickly exposed to a wide variety of companies and business models—perfect for a newly minted liberal arts graduate. However, I soon found myself wanting to work with these companies on more than just equity
During the analysis, it is evident that the most difficult task or challenge that was faced was the impact change had on the employees. As evident from the rapid growth and the changes that were implemented in a short period of time, this level of change can be difficult on many. Organization change does take time for individuals to adjust, especially those that have held certain beliefs, mindsets, and habits for many years (Richards, 2016). Many efforts and programs were put into place to help assist and develop staff, but due to the fast pace, many did not stay with the organization through these transitions. There may have been some benefit in slowing the pace down some, so the change was not so significant or drastic at such expedited speed. Due to the turbulent environment that individuals and organizations face in the financial services industry, strong leadership, good communication, and a commitment to change management should be priority (Sherwood, Wolfe, & Staley, 2005). Advia Credit Union may have benefited from
For the last 8 years of my career I have been in leadership positions within financial service organisations. I have lead team of up to 30 people, across multiple regions and locations, and I have been in leadership positions that have no direct report and required a high level of stakeholder management and influencing skills to achieve outcomes. My first leadership position was with QBE Insurance were I was a team leader for 18 people in the Property and Casualty Insurance claims department. IN this role I was responsible for leading, coaching and developing my team to ensure we maintained required service levels and financial results. From this role I moved into a National role with the Commonwealth Bank, were I lead a support function team
For this project, we researched Wells Fargo?s performance in the last couple of years as a way to check on its progress to greatness. What we found was an overwhelmingly charismatic company that not only puts down its values in ink, but also strictly abides by them. Much to our surprise, a huge chunk of their thick annual report for 2002 was an honest listing of all the threatening factors that stand in the company?s way rather than its exceptional rankings in its sector. In this paper, we will focus specifically on Wells Fargo?s leadership, company culture, SWOT analysis, and financial performance analysis. We will try to link our findings to Jim Collins?s book as a way to prove that the company has
I decided to explore different career options with Wells Fargo other than management roles. The move to Colorado needed to happen by the end of April and because of the time constraints transferring into a management role was an unrealistic goal. I started networking and followed the capstone project guidelines. In the class lecture for week 8 the University Of Buffalo School Of Management provides suggestions for questions to ask during an exploratory interview,
“You have one job,” rings in my ears as I leave the hiring office of LOCOLA Credit Union Bank after accepting their job offer of District Manager over ten branches. In the coming days, I work on this paper to identify, analyze, and explore the leadership and communication issues within the district and among the supervisors and employees. Within this analysis, I will also devise strategies to overcome these problems; and create an environment that seeks to develop leaders, support diversity, and encourage open communication based on effective team relations.
As a teenager I had a professor who taught economics with practical examples by sharing profiles of preeminent business leaders. He continually reinforced the point that most of them started early in their careers and shared a dogged focus for self-improvement. Realizing my acumen for business and finance, I decided to learn as much as I could working full-time in banking, insurance, and investments at large financial institutions including JPMorgan Chase while pursuing my Bachelor’s degree in Business Administration at the University of Texas at San Antonio. These roles taught me to work systematically and played a significant role in my ability to master the concepts presented in the classroom.
Under BCBS’s approval, banks are expected to improve their own IRC models to calculate risks for individual positions or sets of positions (BCBS, 2009b). It means the Committee hopes banks will have their own choice of liquidity horizon which is appropriate with their business without any issued industry benchmarks or standards (Stretton, 2011). However, it leads to inconsistence within banking system. Furthermore, supervisors have to face with more difficulties in process of evaluating banks’ IRC model.
This is the first article in a two-part series analyzing the accuracy of risk measurement models. In this first article, we will present an overview of backtesting methods and point out the importance of conducting regular backtests on the risk models being used. In the second article, we will present an alternative to measuring VaR using a top-down or “macro” approach as a complementary tool to traditional risk methodologies.
Five years’ direct management, with teams ranging in size from 3 to 9 direct reports. Duties involved staff resource planning, maintaining a budget, interviewing potential employment candidates, conducting formal performance evaluations, performance tracking, and mentoring. Adept at establishing and maintaining business customer relations; organize and prioritize key issues from a strategic and tactical position. This is in addition to eleven years’ leadership experience. Including Wells Fargo as a technical team lead within application development and system support groups. Awarded Wells Fargo Corporate Title of Officer in 2010. Seven years’ business experience coordinating marketing initiatives from concept to completion, product management, directing resources, and maintaining relationships. Responsibilities include developing business requirements, identifying key performance indicators (KPI), presentation delivery, analysis of website statistics, developing customer relationship management (CRM) tools, market research, website user interface (UI) design, quality assurance (QA), and user experience (UX) testing.
In their research study, Souder & Myles (2010) identify that risk is chiefly fundamental to investing. Böhringer & Löschel (2008) further add that there is no discussion of returns or performance that is deemed meaningful in the absence of at least some mention of the involved risk. However, the trouble for investors, who have just entered into the marketplace, involves the process of figuring where risk really lies, as well as what the difference between the various levels of risks. Relating to the manner, in which risk is fundamental to investments, a significant number of new