Risk Manager
The round for the chair that shrinks the book without asking. It covers what a risk report is actually made of — VaR and expected shortfall, the volatility model underneath them, the backtest that keeps them honest, stress and liquidity, and credit exposure to the people on the other side of your trades. Almost every question has the same shape once you see it: here is a measure, name the assumption that makes it wrong. Reciting the definition scores nothing; volunteering the failure mode before you are asked is the whole job.
Before you start
- 22 questions in 50 minutes. The clock does not stop.
- No hints, no worked examples, no indication of difficulty.
- You are never told whether an answer was right — not after a question, not at the halfway mark.
- A good answer sometimes draws a follow-up, exactly as it would in the room.
- You may leave a question blank and move on. Blank scores the same as wrong, and costs less time.
- The numeric questions assume the standard normal multipliers. Nobody will offer you a table.
- Everything — scores, mistakes, the correct answers, and what to study — arrives in the debrief.
What it covers
22 questions drawn across 9 subjects. You are never told which subject a question belongs to, or how hard it is meant to be — the debrief scores each one separately.
The clock starts when you press Begin on the next page, and it does not stop. Set aside 50 uninterrupted minutes.