My name is Kwon Hyun-seong who has enrolled the Department of Statistics and Actuarial Science in 1993. Thank you for your interest in our department.
The name of our department is a bit long, right? Our department started with the Department of Statistics, and its name has become longer as the number of subjects covered gradually increases. As computer (computing)-related subjects were added, the name “information” was added, and as insurance and financial mathematics-related subjects were opened, the name “actuarial” was added. In this way, our department has expanded its field of study based on the science of statistics, keeping pace with the times.
I am also one of those who benefited from our department. When I was in school, my seniors mainly majored in computer science as a minor. At that time, there was a huge shortage of manpower in the computer field, so those with both statistical and computer skills could easily find a job. While taking the course called actuarial science, I experienced a new field called Finance. After that, I decided to go to the graduate school of Soongsil University to acquire insufficient financial knowledge and studied finance while majoring in actuarial statistics. Such efforts created the opportunity for me to join Woori Investment & Securities today.
My current job in Woori Investment & Securities' FICC (Fix Income, Currency, Commodity) Sales Team is to trade over-the-counter derivatives and derivative-linked securities. Derivatives are financial products that exchange money between two parties by linking the underlying assets (mainly stocks, bonds and credit). For example, they are financial products called options, swaps, ELS, ELW, and DLS. These products can be divided into hedging (hedge) products or investment products and they are financial products that are traded as needed between the parties. Recently, trading of derivatives has been actively conducted in Korea, and a lot of manpower related to this is required. The basic knowledge you need to know to deal with derivatives is financial engineering and financial products. All of these subjects are offered by our department. In this regard, securities companies are currently preferring graduates in mathematics or statistics.