Job Question: Working for an asset management company

Everyday Islamic Finance Business and Career Questions
#1

Assalamu alaykum,

is it permissible to work as a risk manager in a conventional asset management company? Maybe I am wrong but my understanding is that it may not be haram if one is not directly involved in transactions/deals. My role is risk modelling, which involves also modelling interest based instruments for risk calculations and regulatory reporting. But I do not directly participate in trades/portfolio management. The asset management company generates revenues from fees based on assets under management.

JazakAllah Khairan.

#2

Wa Alaykum Salaam,

Can you kindly share the job description with us?

#4

Assalaamu alaykum,

In terms of risk calculations for new complex financial instruments, how often would that be?

And what is your long-term plans in terms of career?

#6

Assalamu alaykum,

would the following alternatives make any difference from shariah perspective?

  1. Risk specialist in a technology company which produces risk management software for banks and asset managers.
  2. Risk specialist at an exchange which creates a market for derivative instruments.

JazakAllah Khairan.