NAB Group Market Risk
Summer Vacation Opportunities

NAB's Head of Market Risk Quantitative Support & Validation, Dr Volf Frishling and other NAB officials, will discuss this initiative for students at:

5:00 pm Friday 27th October, 2006
Webster Building Room 251
University of New South Wales

Background

Market Risk Group of National Australia Bank is a multi-disciplinary group that is primarily responsible for modelling, measurement and reporting of risks associated with the traded market products. The group consists of four
units:

* Market Risk Oversight unit is engaged in the monitoring of trading activities

* Market Risk Production unit runs the Risk Engine and produces reports for senior management

* Model Validation unit tests the correctness of data, prices and models used by traders in the Risk Engine. It is also responsible for validation of models used in other divisions of the bank

* Market Risk Re-engineering unit controls updates and/or replacement of risk systems

The Group intends to run a Summer Vacation employment programme with the purpose of identifying candidates for permanent placement.