Bruce Choy, Phd, Icd.D Email & Phone Number

Canada

Canada

Toronto, Ontario, Ca

Distinguished individual appointment that provides specialist expertise in finance and risk management to complement post-graduate academic programs. Taught courses on Financial Markets, Risk, & Institutions and Regulation of Financial Institutions for the Masters in Financial Risk Management program.The motivation for this role is a return to my academic roots and to contribute to one of Canada's top b-schools as they produce the business and civic leaders of tomorrow.

Toronto, Ontario, Ca

Teaching courses in risk management and regulation in financial institutions and markets at a post-graduate level for the Department of Finance at Rotman School of Management.

Toronto, Ontario, Ca

Leading the Board and focusing it on strategic matters, overseeing the college's business, and setting high governance standards. Member of the following Board subcommittees: Governance, Audit, Finance & Property, Academic & Student Affairs, and the special committee on People & Technology.GBC is one of Canada's largest public colleges with over 30,000 enrolled students and offering degrees, diplomas and graduate certificates across a broad range of vocations. It plays a vital role in increasing the social mobility of Canadians.

Toronto, Ontario, Ca

Appointed independent director on the Board of Governors for George Brown College of Applied Arts and Technology. The motivation for this role was to return back to participating in the social good of higher education (where I had started my career), but this time utilizing my accumulated skills in governance, strategy and finance.

Toronto, Ontario, Ca

Appointed Vice-Chair (and Chair-elect) in February 2022 by the Board Governance Committee. Member of the Governance, Audit, and Finance & Property subcommittees of the Board.

Toronto, Ontario, Ca

Chair of Audit Committee and Chair of Finance & Property Committee. Member of the Board of Governors Executive Committee. Responsible for the governance oversight of the internal and external audit. Oversight of the College's financial soundness and major transactions, including their $800m balance sheet and construction of new, sustainable campus buildings. Member of the selection committee for the College President.

North York, Ontario, Ca

Appointed as an independent Board Director and chair of the risk committee of the Board. Shinhan Bank Canada is a Schedule II (foreign owned subsidiary) bank operating in Canada. The bank is a fully owned subsidiary of Shinhan Financial Group, Korea's second largest banking conglomerate, and is a member of the Canadian Deposit Insurance Corporation (CDIC). Our mission is to create "A better world through the power of finance".

Toronto, On, Ca

Infrastructure Ontario (Ontario Infrastructure and Lands Corporation) is a Crown agency of the Province of Ontario that supports the provincial government’s initiatives to modernize and maximize the value of public infrastructure and real estate. It enables the government’s commitment to build and renew public services and does so in co-operation with the private sector.As Executive Vice President, Risk & Audit, I lead the agency's credit risk, enterprise risk management and internal audit teams, which together form the second and third lines of defence in their risk management framework.The motivation for this role was utilize my career background in finance and engineering in broader service to the community.

Toronto, Ontario, Ca

The Global Risk Institute is a think tank focused on future and emerging risks faced by the financial services sector. It is funded by public and private sector sponsors, and brings together leaders from industry, academia and government. It covers needs of diverse financial services participants - including large global banks, insurance and pension firms - and the various government and regulatory bodies associated with them.As Managing Director of Research, I am a member of the senior executive team and accountable for the organization’s overall research mandate and content creation. My team investigates future and emerging disruptions, and the risks & opportunities they present. Topics include emerging technologies (AI, digital money, energy tech, clean tech), climate change and ESG, geopolitical risk, macroeconomics, cyber risk etc. A highlight deliverable was co-creating the report "Financial Industry Forum on Artificial Intelligence: A Canadian Perspective on Responsible AI" along side Canada's financial services prudential regulator, OSFI.The motivation to move to this role is it’s the closest job I could do that feels like being ‘Mr Spock on the Enterprise’, acting as the science officer on a mission to boldly go an explore the unknown ... LLAP! Even after leaving this role, I continue to support the exploration mission as an external member of the GRI Research Advisory Committee.

Gb

PwC is a global network of professional services firms and one of the “Big 4”. I was a business leader and management consultant based in North America’s largest two banking centers, New York City and Toronto. Held a variety of roles, including Partner and practice leader, and worked around the world (North America, South America, Asia and Europe) providing advice and thought leadership to C-suite and Boards of major financial institutions.As a Managing Director I provided independent management consulting services covering capital management, financial and non-financial risk management, and regulatory compliance.

Gb

As National Risk Consulting practice leader, I was responsible for practice development to build the service capabilities of the firm to support the broad risk management needs of Canada. Led a team of professional consultants and risk management specialist. Responsible for business development, sustainable sales pipeline management, engagement execution and client satisfaction, talent pipeline and development, thought leadership and innovation. Advised financial institutions of various sizes with designing effective reporting of risk issues to their Boards, risk appetite, innovation/design, capital management, organizational/process effectiveness, and response to regulatory guidance/prescribed actions.

Gb

As a Partner of PricewaterhouseCoopers Associates in the Consulting and Deals line of service I was responsible for business development, sales and engagement execution within the management consulting practice. Moved to the Toronto office from the New York office to build a new book of business due to the similarity (both in market and regulatory landscape) of the financial services industries between Australia and Canada.

Gb

Management consultant in PwC's Financial Services Advisory practice based in New York. Led engagement teams and provided management advice to assist financial services clients in meeting their customers, shareholders and regulators needs. Created value for financial services companies ranging from global systemically important financial institutions, regional banks, international finance companies and local branches of international banks. Advice included business and organizational transformations, responses to regulatory guidance/prescribed actions, independent assessment/audits/benchmarking, and pre-M&A due diligence.The motivation to move to PwC Advisory was following graduate studies in the United States as a Sloan Fellow at Stanford's Graduate School of Business and desire to work in the world’s largest economy.

Sydney, Nsw, Au

The Commonwealth Bank of Australia was the nation’s largest public company and one of the world’s top 10 largest and most profitable banks globally at the time I was working with them. For close to a decade, I was a senior executive working in the corporate center that oversaw significant business transformation and included managing through the 2008 Global Financial Crisis.As head of the Balance Sheet Management team, I was the senior executive accountable for the Group’s shareholder value framework, economic capital and funds transfer pricing functions. These respective functions establish shareholder return expectations for the various business lines (home loans, personal loans, credit cards, retail and business deposits, business lending, asset finance, equity broking, funds management, insurance etc) with the allocation of funding and capital costs to define risk-adjusted returns.• Managed the internal allocation of $34b of economic equity globally across the Group’s business lines• Led a team of over 30 actuaries, accountants, credit analysts, risk and pricing specialists based in two geographic locations• Responsible for the new funds transfer policy for Basel 3 cost recovery for the Group’s $80b liquid asset portfolio, and other market risk regulatory developments • Involved in numerous strategic M&A assessment and post-merger value extraction in Asia and Australia • Determined HR policy on risk-adjusted return for executive long-term incentive compensation• Reshaped the bank’s funding and capital policies for the post-Global Financial Crisis environment and had P/L responsibility for the net funding gap on our $800b balance sheet from the ownership of funds transfer pricing policy

Sydney, Nsw, Au

Responsible for the Commonwealth Bank group’s market risk management framework and development of risk policy. A corporate centre senior executive position which is performed through strong partnering with the group’s various businesses. Member of the bank’s risk management leadership team and of various global asset and liability committees. Directly reporting market risk issues of the Commonwealth Bank group to the Chief Risk Officer and Risk Committee of the Board.• Led a policy team covering risk appetite for global markets trading, interest rate risk in the banking book, asset-liability management in insurance businesses, defined-benefits pension liabilities, residual value on equipment leasing, direct equity and other co-investments.• Direct oversight responsibility of the CBA interest rate risk in the banking book exposure with a team covering risk measurement, modeling validation, regulatory approval and oversight within a tolerance of earnings at risk of $100m.• Responsible to the Board to report on global trading operations internal controls following a regulatory crackdown due to a peer bank’s ‘rouge trading’ control failures. Extensive dealing with local regulators around the world.

Sydney, Nsw, Au

I acted as the General Manager Group Market Risk throughout this period and reported directly to the Group Chief Risk Officer before being formally promoted to the position (see description above). The motivation to move to this role in the Commonwealth Bank was the pivot from a business line management into an executive Group level functional role.

The University Of Sydney, New South Wales, Au

Professorial adjunct who taught the Master's level engineering elective course on environmental risk management at the School of Chemical and Biochemical Engineering. This opportunity arose due to an need for an experienced and qualified academic/lecturer to cover timetabled core courses.I have a long history with the University of Sydney's Faculty of Engineering and Information Technologies. As a former academic staff member, I am passionate about the enormous value to society created by the research and professional tertiary education of this world class university. I continue to sponsor the "Bruce Choy Prize" for undergraduate academic achievement and the "Bruce Choy Cup" for intra-department sports at the University.

Melbourne, Victoria, Au

Front-office business line role responsible for the development of risk management and derivative pricing models for the ANZ global markets dealing rooms. This role in financial services took advantage of my deep skills in quantitative risk assessment and decision making from my previous academic roles. • Building risk management solutions via solving complex mathematical problems as they applied to the financial markets• Led a collaborative research project with the University of Technology, Sydney and the University of Sydney to implement an advanced interest rate model for the Australian market (BGM Libor-market model)• Coding of new pricing and risk library in C++ for fixed income, commodities, foreign exchange, equity and their derivatives• Published a refereed journal article on interest rate volatility correlationThe motivation to move to ANZ was the career pivot from a research academic to a corporate P/L-business role.

Newtown, Nsw, Au

Doctoral level college tutor for engineering subjects. (Lessons were held in the evening to accommodate full-time employment at the University and ANZ. It was principally to continue to support the students that I taught in their undergraduate years when previously lecturing at the University)

The University Of Sydney, New South Wales, Au

Tenure-track academic (US equivalent of an Assistant Professor position) in Australia's premier university. Responsible for research program management, technical consultancy, University administration, and supervising/teaching at undergraduate & postgraduate levels at the Department of Chemical Engineering, Faculty of Engineering. Research conducted and published in the fields of quantitative risk assessment, environmental engineering, mass transfer and process control.• Taught core and elective engineering topics to classes of up to 100 students. Winner of a UNESCO International Center for Engineering Education, Silver award for distinguished contribution• Published a monograph about the mathematics of diffusion and numerous refereed journal articles• Listed in the Who’s Who of Science and Engineering in the World, 2002-2003 edn.The motivation to move back to the University of Sydney was to take up a rarely offered tenure-track academic position at a globally recognised research institution.

Baton Rouge, La, Us

Research and consultancy activities conducted on behalf of the multi-university Hazardous Substance Research Center (HSRC). HSRC is an organisation funded by the federal government that carries out an active program of basic and applied research, technology transfer, and training focused on hazardous substance management. LSU is the base of one of the five HSRC's located in the United States.• Developed risk management policies and practices that are used as US EPA standards for the management of contaminated waste sites• Lead mathematician in the team responsible for solving complex quantitative problems• Consultancy and advisory for a variety of Superfund projects across the United States• Work was done in conjunction undertaking basic research for my doctoral thesis

Master Of Science In Management (Ms), Management

Doctor Of Philosophy (Phd), Engineering

Bachelor Of Engineering (Be), Chemical Engineering

Icd-Rotman Directors Education Program, Board Governance

Executive Education: Interpersonal Dynamics For High Performance Executives, Leadership