Concept Notes· Risk
Sensitivities, Greeks & Limits
Before a book can be VaR'd it is measured by its sensitivities: the Greeks, DV01 and CS01, the first-order exposures to each risk factor. Risk management aggregates these across the book, sets limits, and watches utilisation. Interviews test whether you can turn a sensitivity into a profit-and-loss number and read a limit report.
Included with the Risk pack
The full concept notes is part of the Risk (Market, Credit & Model Risk) pack a one-time purchase unlocks every concept, coding guide, interview playbook and take-home in this track.
already purchased? sign in →© 2026 DeskPrep. All rights reserved. Licensed for personal interview-preparation use only. Not for redistribution, resale, publication or sharing. Terms & licence.