Most Financial firms have variations on this organizational hierarchical structure; starting with Analysts all the way up to Managing Directors. Analysts are usually hired after completion of an undergraduate degree. Their Job is highly structured and has low uncertainty. Their main role is mostly to execute predetermined tasks. Of course, they are expected to do these thoughtfully and creatively.
At the top end, Managing Directors (MDs) work in a low-structured highly uncertain environment. They are mainly responsible for designing innovative transactions, processes, business models, strategies, and policies. The positions in between have a mix of executing well-defined tasks to designing, with the execution portion reducing and the design proportion increasing with each level up. At the analyst level, it is mostly about the How, in contrast at the MD level it is mostly about the What.
This course is targeted at giving you the skill sets to make you a proficient (operational) risk manager at the associate level.
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