Department of Economics

Simon Hermann

  • Graduated: 2012
  • Field: Banking

Simon Hermann, who graduated in 2012, works as a Financial Institution Specialist (FIS) for the FDIC(opens in new window). He often travels around Northern California as an examiner(opens in new window) working with teams that analyze banks’ Capital, Assets, Management, Earnings, Liquidity, and Sensitivity to market risk (CAMELS). The job requires considerable flexibility, since he needs to constantly change roles and responsibilities from bank to bank either weekly or monthly, depending on assignments.

In a recent email, Simon said, “My economics major has helped me in two ways in this job:

First, the most direct way my econ major helped me is in the review of banks' sensitivity to market risk. This review includes reviewing the assumptions and outputs of statistical models and simulations. How non-maturity deposit accounts react to changing interest rates is a large part of most model assumptions and is often measured through some form of regression analysis. Professor Sargsyan and Eckalbar spent a lot of time helping me understand this topic! Second, I also need to understand the economy that our banks operate in. My econ degree has also given me some additional insight into this as well.”