Application Essay to The Financial Risk Management Program

STATEMENT OF PURPOSE My short-term goal is to help a firm manage its financial risk by developing and applying effective risk management strategies. My long term goal is to lead an enterprise wide risk management program for a multi-national company. My experiences in IT Risk Services, Accounting Audit and Structured Finance Advisory Services at the Big Four firms helped shape my career goal and created a strong fascination for Financial Risk Management. These experiences taught me how risks affect organizations. I learnt how external factors such as market volatility, oil prices and internal factors such as bad business decisions increase a firm’s vulnerability to risk. I also learnt to identify, qualify and mitigate†¦show more content†¦In 1999, upon graduation, I chose to work as a systems analyst for India’s leading IT Consulting Company. In 2001 avalanche of corporate accounting scandals rocked the world. The Sarbanes-Oxley Act came into force in 2002 and introduced major regulatory changes related to corporate governance and financial practices. Because of these new developments, there was never a more opportune time to pursue a career in business management, so I enrolled for an MBA program in 2002 . My enthusiasm for a full time career in Risk Management sparked off in 2004 during my internship at PricewaterhouseCoopers LLP. This interest was further reinforced by my experiences in Audit and Compliance at Ernst Young LLP and KPMG LLP. Five years later, as I successfully completed challenging audit of yet another difficult client, I was definite about my goal of pursuing a degree in Financial Risk Management. I am extremely enthused by the tremendous opportunities that markets provide today for those rooted in understanding and managing financial risk. In last few years some of the biggest financial giants have crumbled as a result of faulty risk management practices. 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