HF证券公司风险管理优化研究

发布时间：2018-04-26 14:37

本文选题：证券公司 + 风险管理　；参考：《福建农林大学》2017年硕士论文

【摘要】：风险本身是不可被消除的,我们能做的是最大限度降低风险,加强风险管理。证券公司是以经营风险为根本,参与金融市场并占据重要地位的金融机构。风险管理能力是证券公司经营成败的根本,也是证券公司区别于一般金融机构的核心特征。2008年由美国华尔街次贷危机所引发的全球金融危机让全世界再次意识到金融风险可能带来的巨大灾难,随之而来的是全社会对金融安全的高度关注。2010年,欧债危机的爆发更是再次直接刺痛全社会的神经,如何加强金融风险管理俨然成为金融领域的核心问题和焦点问题。而在金融领域中,证券公司具有高风险特点。因为证券公司的运营是基于自身业务,有效降低和分散风险,从而取得报酬的模式,因此在运营过程中承担着巨大的风险。如何加强证券公司风险管理,有效降低证券公司运营风险成为当前证券公司有序健康发展不得不思考和解决的首要问题。加之,证券公司在业务层面的创新和发展,使证券公司在业务收入和市场竞争力方面都得到长足发展,客观上也对证券公司风险管理工作提出了更多要求。HF证券作为一家中等券商,走在从地方性券商向全国性券商转变、从单一经纪业务到全面业务拓展的高速发展道路上。2011-2013年间,随着行业监管政策的逐渐放开和我国金融市场的逐步发展,HF证券重新制定了公司发展战略,从以经纪业务为主的地方性券商转变为涵盖投资银行业务、自营投资业务、融资融券业务、资产管理业务等全牌照、全国性券商,并设立基金子公司、直投子公司、另类投资子公司,在全国范围内新设立营业部,成立分公司。伴随公司的发展,HF证券公司的风险管理部门成立于2013年,主要是为了满足公司本身业务迅速发展的需求以及外部监管的要求,但实际运行效果显示,该公司风险管理工作开展的深度及广度滞后于业务发展。在业务全面拓展、外部监管压力和自身发展要求的三重压力之下,HF证券公司构建起适合公司发展战略的风险管理成为现实必然。因此本文从HF证券公司风险管理角度着手,分析HF证券公司风险管理现状,评估其风险管理存在的不足和问题,并有针对性提出优化风险管理的对策。研究过程中,本文共分成六部分:第一部分为引言,主要介绍本研究的背景和意义、研究综述、研究内容、研究方法以及研究创新。第二部分为风险管理的理论概述,主要是讨论风险管理内容、证券公司风险管理类型和我国证券公司风险管理发展历程三方面内容。第三部分是对HF证券公司风险管理现状的分析。主要介绍了 HF证券公司风险管理组织架构、风险管理制度、风险管理队伍、风险管理报告、风险管理指标体系、各业务风险管理等内容。第四部分为HF证券公司风险管理存在问题及原因分析。根据HF证券公司风险管理现状,探讨了 HF证券公司风险管理过程中存在的风险管理认识不到位、风险管理人才队伍建设滞后、风险管理工作流于形式等问题及背后的原因。第五部分为HF证券公司风险管理优化建议。根据HF证券公司风险管理过程中暴露的问题,有针对性从风险管理制度生长土壤培育、风险管理人才队伍建设、风险管理过程优化等角度提出优化HF证券公司风险管理策略。第六部分为全文总结。本研究的创新之处在于认识和分析证券公司经营业务复杂化,业务品种多元化,各个业务品种之间关联紧密化基础之上,从制度构建,人才队伍培育,管理过程优化等三方面,结合证券公司所面临的系统性风险和非系统性风险,提出风险管理优化思路,避免风险管理流于形式,顾此失彼,无法全面把控公司整体风险状况的局面。
[Abstract]:The risk itself is not to be eliminated. What we can do is to minimize the risk and strengthen the risk management. The securities companies are the financial institutions that take the risk as the basis, participate in the financial market and occupy an important position. The risk management ability is the basis of the success or failure of the securities companies, and the nuclear companies are different from the general financial institutions. The global financial crisis caused by the American Wall Street subprime mortgage crisis in.2008 has made the world aware of the great disaster that the financial risk may bring again, followed by the high concern of the whole society for financial security for.2010 years. The outbreak of the European debt crisis is the nerve of the whole society and how to strengthen the financial risk. Management has become the core and focus problem in the financial field. In the financial field, securities companies have high risk characteristics. Because the operation of securities companies is based on their own business, it can effectively reduce and disperse the risk, thus obtaining the mode of remuneration. Therefore, it has a huge risk in the operation process. How to strengthen the securities company's wind? Risk management, which effectively reduces the operational risk of securities companies, has become the primary problem that the securities companies have to think and solve in order to develop orderly and healthy development. In addition, the innovation and development of the securities companies at the business level make the securities companies develop in a long way in terms of business income and market competitiveness, and objectively also to the risk management workers of the securities companies. More demands are made on.HF securities as a medium broker, moving from a local broker to a national broker, from a single brokerage business to a high speed development road,.2011-2013, with the gradual release of the industry regulatory policy and the gradual development of the financial market in China, HF securities have reformulated the company's hair. Development strategy, from the brokerage business based local securities business to cover investment banking business, self investment business, margin business, asset management business and other full license, national securities companies, and set up a fund subsidiary, direct subsidiary companies, alternative investment subsidiaries, in the country set up a new business department, the establishment of branch companies. Accompanying company. Accompanying company The development of the risk management department of HF securities company was established in 2013, mainly to meet the needs of the rapid development of the company's own business and the requirements of external supervision. But the actual operation results show that the depth and breadth of the risk management work of the company lags behind the business development. Under the three stress of the personal development requirement, it is necessary for HF securities company to build the risk management that is suitable for the development strategy of the company. Therefore, this paper analyzes the risk management status of the HF securities company from the perspective of risk management of HF securities company, and estimates the shortcomings and problems of the risk management of the securities company, and puts forward the pertinence to optimize the risk management. In the course of the study, this article is divided into six parts: the first part is the introduction, which mainly introduces the background and significance of the research, the research summary, the research content, the research method and the research innovation. The second part is the theoretical overview of the risk management, mainly discussing the risk management internal capacity, the risk management type of the securities company and the wind of our securities company. Three aspects of the development course of risk management. The third part is the analysis of the risk management status of HF securities company. It mainly introduces the organization structure of risk management of HF securities company, risk management system, risk management team, risk management report, risk management index system, business wind insurance management and so on. The fourth part is the wind of HF securities company. According to the present situation of risk management of HF securities company, this paper probes into the problems of risk management in the risk management process of HF securities company, the lag of the construction of risk management personnel, the flow of risk management in the form and the reasons behind it. The fifth part is the optimal risk management of the HF securities company. According to the problems exposed in the risk management process of HF securities company, the author proposes to optimize the risk management strategy of HF securities companies from the aspects of the growth of soil in the risk management system, the construction of risk management personnel and the optimization of the risk management process. The sixth part is the full text summary. The innovation of this study lies in the understanding and division of this research. An analysis is made on the three aspects, such as the complex operation of the securities company, the diversification of the business variety, the close association of various business varieties, the system construction, the cultivation of the talent team, the optimization of the management process, and the systematic and non systematic risks faced by the securities companies, and the optimization ideas of risk management are put forward to avoid the risk management. Form, take account of this and lose it, can not fully control the overall risk situation of the company.

【学位授予单位】：福建农林大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F272.3;F832.39

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