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Chase Bank Career Path

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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 …show more content…

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.,

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