Tsz Chung WUN

BSc in Risk Management Science
Ernst & Young Advisory Services Limited

It was a pleasure to work as a risk advisory intern in the Financial Service Risk Management Department of Ernst & Young Advisory Services Limited from January to April 2018.

I participated in a famous local bank project during the programme. The scope of this project involved developing an internal-rating-based (IRB) system that included several scorecards, and calculating the probability of default (PD), exposure at default (EAD), loss given default (LGD) and risk-weighted assets.

I was assigned some easy tasks in the first two weeks, such as preparing the presentation materials and writing model documents. After the honeymoon period, I assisted with the SAS program and Excel tasks. It was difficult for me to use SAS because I had no prior knowledge of the program. When working on the primary stages of a certain project, things can change very quickly and dramatically. Fortunately, my supervisor was nice and patient when offering explanations. I caught up quickly and assisted with the SAS work.

During the project, I had to apply the statistics and programming knowledge I had acquired from lectures. I was happy to use all of my theoretical knowledge and apply it to real‐life situations, such as using an F-test to separate the dataset, reading the regression outcome from SAS and writing a VBA program for a different task.

I also acquired new knowledge of the elements of credit risk (PD, LGD and EAD) and the risk management system in a commercial bank. I had a chance to familiarise myself with the VBA and SAS programs, which will be useful in my future career. Before my first day at Ernst & Young, I knew nothing about credit risk. I would never have known how the IRB system works if I had not interned there.

Overall, my work experience at Ernst & Young was positive and meaningful. I am happy with many of the things I learned and experienced during my four and a half months as a risk advisory intern with the company. I believe my experience at Ernst & Young improved my abilities and gave me insight into Hong Kong’s risk management and compliance industry. 

Chun Hei TSE

BSc in Risk Management Science
University of Toronto, Canada

During the winter term, I had an incredible opportunity to participate in an exchange programme at the University of Toronto (U of T). As part of this enriching experience, I enrolled in a selection of stimulating courses that expanded my knowledge and skills. The courses I took included Introduction to Machine Learning, where I gained a comprehensive understanding of the fundamental principles and algorithms used in this exciting field. In this course, I collaborated with classmates from diverse ethnic backgrounds on a project about building neural networks. This experience not only enhanced our problem-solving skills but also taught us the importance of cultural diversity in our academic pursuits. Through mutual respect and shared knowledge, we developed a deeper understanding of collaboration and teamwork. It was an invaluable opportunity to learn from each other and broaden our horizons.

Additionally, I took Statistical Computation, which equipped me with valuable tools for data analytics. One challenge that I encountered in this course was adapting to a discussion-based lecture. This teaching style, which required pre-reading before each class to actively participate in discussions, was different from what I was accustomed to at CUHK. To overcome this challenge, I developed a disciplined routine of pre-reading and invested my time and effort to understand the mathematics literature before each lecture. I actively engaged in discussions, sought clarification from the professor, and collaborated with my classmates. This experience taught me the importance of adaptability, time management, and active learning. It also reinforced the value of critical thinking, effective communication, and independent learning. Ultimately, this challenge strengthened my resilience and expanded my academic horizons, preparing me for future challenges.

Beyond academics, I actively engaged in campus life by joining the D2 Soccer team at Trinity College. This allowed me to immerse myself in the vibrant sports culture at U of T and participate in the U of T Intramural League. Being part of the soccer team not only honed my athletic abilities but also fostered teamwork, discipline, and perseverance. It was an exceptional opportunity to connect with my fellow students and build lasting friendships.

For prospective applicants seeking an exchange programme, I encourage embracing language challenges with confidence and seizing every opportunity for growth and connection. Through my personal experience, I discovered that Canadians greatly admire non-native English speakers who can communicate fluently, such as those from Hong Kong. They appreciate the effort put into mastering a second language and do not judge your English abilities on the same scale as native speakers. Remember, confidence is key. Embrace the chance to improve your language skills, engage with others, and make the most of your exchange programme with a positive and self-assured mindset.