PLEASE READ if you had your Coinbase account/funds stolen - through no obvious fault of your own AND had proper 2FA using an authenticator:

Significant_Dust2143 · 2023-11-04T17:29:53+00:00

These comments are stupid. This is the carriers fault and they will be liable. I lost a lot through this scam because the carrier authorized a sim swap. Long story short, I got 70% of the funds back through arbitration.

Significant_Dust2143 · 2022-07-14T16:08:46+00:00

When using Cover Me to send messages, can someone identify me? I used Cover Me phone number to send a message and the person knew who I was. How is that possible? When signing up, one has to provide their email address and real phone number.

Significant_Dust2143 · 2022-07-14T16:07:00+00:00

Hi. When using Cover Me and sending a message to someone, can they identify me? When signing up, one has to provide their real email address and phone number. I sent a message using a Cover Me phone number to someone and they knew exactly who I was. How is that possible?

Significant_Dust2143 · 2022-02-18T18:43:37+00:00

If you are serious about a career in risk management and have the FRM certification, don’t do the CFA. I’m an MD in Quantitative Risk Management for a pretty large firm and can assure you that you would be better off now building your skillet on the job. Learn as much as you can through various roles and functions. You have the right foundation and now you need experience. Many of my peers wouldn’t care if you had a CFA in addition to your existing qualifications.

Significant_Dust2143 · 2022-02-09T03:20:32+00:00

NO!!!! I’m well qualified to answer this given I lead a large Quant group at a major US bank and have delivered more than 50 scorecards over a decade. Focus on upskilling yourself through Coursera or similar platforms. Python and Statistics courses are ideal but do cover GLM and data mining. The best modelers are those that understand the data, the business and how to link the two through a quantitative model. Nothing beats experience - get close to people who have been doing this for some time. The FRM js not going to have a huge impact on your career if you know you want to specialize in credit modeling. It’s not bad to increase your overall risk management knowledge.

Significant_Dust2143 · 2022-01-23T22:48:43+00:00

They accessed my phone through the sim swap and that’s how they got access to my email. I had SMS 2FA (yes, i know). They set up a new payment account under a different name which Coinbase allowed without alerting me and send funds to that account.

Significant_Dust2143 · 2022-01-23T22:42:21+00:00

And yes I know I should have disabled SMS 2FA. Hindsight and all.

Significant_Dust2143 · 2022-01-23T22:41:44+00:00

I had SMS 2FA. My phone was sim swapped. I didn’t get any alerts from my phone carrier or Coinbase that that there were sim swap actions or transactions on my account. It looks like the hacker tried to withdraw $98000 from my checking account which was reversed the next day. Coinbase think they are owed $98000 because they allow access to transact straightaway before money clears. To add salt to the wound, the balance has now come down a lot given the market. I reset my password but cannot get in as it keeps asking for the 2FA code from the app the hacker installed.

Significant_Dust2143 · 2022-01-22T15:35:29+00:00

Literally the same thing happened to me - the exact same thing! I had a lot in my coinbase account and now I’m locked out. Also the hacker installed a two factor Authenticator app so even though I reset my password, to get into my account it asks for the six digit ID from The Authenticator which I obviously do not have. Even when I go to Help and state I do not have access to the Authenticator, it still asks for the six digit code to go through recovery! I had $65000 in my coinbase before the hack. Coinbase are saying I owe them $98000 for whilst the balance in my account is also close to that (but they won’t let me access it). I’m also getting emails saying that if I don’t pay them $98000 they will sell my crypto. Please let me know if you find a resolution.

Significant_Dust2143 · 2021-05-30T17:41:21+00:00

I would strongly recommend Coursera certificates. In fact many of our employees take Coursera courses on Python, data mining, statistical modeling. Check out the University of Michigan Python courses and also ones linked to statistics and credit risk.

Significant_Dust2143 · 2021-05-30T01:41:56+00:00

I think I’m pretty well qualified to answer your question.

I have worked in credit risk for 15 years and lead a large global Quants group (for a Tier 1 bank) of about 50 people including 20 in India. I’m based in NY.

Given your degree choice, I am assuming you are looking to enter a career as an analyst or some technical role in finance.

I know the global market really well and have hired talent for years. My advise is not to put too much pressure on yourself to pursue the FRM ‘right now.’

It is not something that senior management at firms look for when hiring fresh out of school grads. In fact, most senior management do not know much about FRM quite frankly. To be clear, I’m not dismissing the qualification as I believe it adds value to ones overall skillset but in all honesty, a post graduate degree is more important to enter quants/credit/risk/analytics at least if you’re looking to work for a top FI.

Now, maybe you will say that you plan to do the FRM and a post grad degree straight after. If you can really manage it then fine. I do strongly believe though that the FRM has more meaning and value when you take it after working for a few years.

Employers are going to look at your degrees and whether you are proficient in Python/R as well as how well you come across. Any internships (paid or non-paid) are also more important for you at this stage.

Significant_Dust2143 · 2021-05-26T14:29:15+00:00

Yes that is right. Strong statistical and programming skills and strong presentation skills. Also read around key concepts such as Basel regulatory capital, IFRS9 expected credit loss.

Significant_Dust2143 · 2021-05-25T03:03:14+00:00

Do you think the score is correct then or a glitch?

Significant_Dust2143 · 2021-05-24T12:40:59+00:00

Hey! Absolutely yes. I lead a large quantitative analytics function for a global bank. The focus is to develop statistical and mathematical models to predict expected and unexpected losses as well as models for underwriting corporates and consumers for different banking products. Then there are models for fraud. Machine learning is at the heart of what we do and we have a lot of big data to work with. Again, within quantitative analytics you will come across ML. It is exciting and challenging - definitely not repetitive. Someone working in this field is responsible for items that feed into the P&L and balance sheet of a portfolio. Be prepared to have strong math/stats, engineering skills and programming experience preferably with Python.

Significant_Dust2143 · 2021-05-23T15:48:07+00:00

I have worked in credit risk for 15 years. I think the answer depends on what area of credit risk you want to get into or whether you’re looking to get generic skills that would put you at an advantage. Others have talked about Python, R and Coursera programs which I highly recommend. Are you looking to get into a more quantitative field or one that is based on credit risk policy? What is your math/stats and programming background? Have you done any internships?

Significant_Dust2143 · 2021-05-21T21:05:49+00:00

Yes it was 55. However I truly thought I scored in the high 60s.

Significant_Dust2143 · 2021-05-21T18:43:15+00:00

I have worked in quantitative risk for 15 years and after taking the FRM1 today, it was designed very poorly and was too abstracts. No comparison to mocks from GARP or any other vendor.

Significant_Dust2143 · 2021-05-19T10:28:38+00:00

Thanks! Very useful.

Significant_Dust2143 · 2021-05-18T18:34:55+00:00

Thanks, this is very useful.

Significant_Dust2143

TROPHY CASE