How Margins Are Calculated Using Value at Risk (VaR)
There are many organizations in the world that have billions of dollars invested in the financial markets. Most of these organizations provide financial services. However, a lot of other cash-rich companies also have a lot of money invested both in the cash as well as the derivative segments. Hence, these companies face the risk that […]
Factors Governing Reinsurance Programs
Insurance marketplaces are just like other markets. They are full of buyers and sellers i.e. cedant insurance companies as well as reinsurers who have very different objectives. There might be some cedant insurers who might be very conservative whereas there might be others who might be reckless when it comes to risk-taking. The same thing […]
The Basics of Reinsurance
Insurance is a tool which helps individuals protect themselves and diversify their risks. The concept of insurance is based on the fact that the risks will only affect certain individuals during a given period of time. Hence, if money is pooled by all individuals and paid out to a few, the risk can be mitigated. […]
What are Collateralized Debt Obligations and How do they Work?
Collateralized debt obligations (CDOs) are a very important and popular type of credit derivative. With the growth in structured finance, the origination and trading of collateralized debt obligations (CDOs) has seen a massive uptick. Their demand has increased multifold and as a result, newer products such as synthetic collateralized debt obligations (CDOs) are also being […]
Failure of Market Risk Management
Any firm that sets up a risk management department wants to ensure that the department works efficiently and effectively. Just like all other people and departments, the risk management department is also subject to periodic reviews. In these reviews, the effectiveness of the risk management department, as well as the methods that they use, is […]
Employees are the backbone of every organization. They play a crucial role in controlling and also reducing the threats to organization. The major threat to an organization is a non serious employee who attends office just for the sake of it. Individuals need to love their organization for them to deliver their level best.
The first initiative towards reducing threat to organization is to genuinely develop a feeling of respect for your organization. Do not love your organization just because your Boss has asked you to do so. The feeling needs to come from within.
The moment you are loyal towards your organization, your productivity would increase manifold eventually benefitting the organization. Do not work just for your salary. After all money is not everything. Your career and professional goals are more important.
Keep confidential information to yourself. You can have best friends at the workplace but you really do not have to discuss work and team strategies with him /her. There are other things to discuss as well. Do not pass on information to your competitors. Trust me; it is in fact a crime to do so. If caught, not only would it spoil your entire career but also bring a bad name to you and your family. A sense of commitment towards the organization is essential.
It is unacceptable on part of a professional to share data, figures, balance sheets, salaries of employees, business strategies with not only competitors but also clients as well as friends within the organization. Data hacking is one of the cheapest activities an employee can indulge into.
Take care of your office property. Make sure your office machine is used only for official purposes and not for downloading movies, uploading personal pictures and so on. Use your office computer the same way you use your personal laptop.
Make sure the computer is switched off properly. Do not simply turn off the main button. It will crash your system. Your official email id should be strictly used for official purposes only and nothing else. Do not chat with your friends and relatives from your official email account.
Do not indulge in nasty office politics. Remember, going on strikes is not the only solution. Rather than indulging in unproductive activities, damaging office property, influencing co workers not to work, it is always better to sit face to face, discuss, sort out issues and reach to mutually beneficial solutions. Do not play blame games at workplace. Never spoil the work culture. Make your organization a happy place to work.
Respect organization policies. Keep important documents and files at proper places and make sure you lock your drawers properly before you leave for the day. Also lock your cabin properly so that no one else can enter and steal important data once you are out of the office. If you do not adhere to the security policies of your organization, do not be surprised if your competitor comes out with marketing strategies which you have formulated a month ago with your team mates. Lock your systems carefully. Do not keep common passwords which others can predict easily.
Keep your workstations tidy and never write important pass words, account details on loose papers. All important documents need to be put in the paper shredder first before finally disposing. You never know when someone can misuse the information written on them.
Memorize routes to safe areas from your work station in case of fire. Do know where the fire extinguisher is kept and also how to operate the same. An employee needs to know all emergency exits and also acquaint themselves with emergency evacuation procedures. Be prepared to face unwanted situations and remember never to panic.
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