• Played a key role in the evolution of a rigorous quantitative and analytical risk culture within the University’s endowment. From enterprise governance to individual investment, risk has become a primary consideration in every decision for the $10B+ university endowment (“TRIP”) and pension.• Developed and maintained a world-class risk framework, with state-of-the-art modeling and reporting infrastructure for TRIP. Built and designed a robust modular suite of analytical and reporting tools used extensively throughout the Investment Office, and in the production of decision-support materials for the Risk Management Committee and the Investment Committee.• Devised and implemented methodology for computing TRIP’s sensitivity to global equity market moves (GEF) and to many other key factors; includes sophisticated risk-mapping framework, comprising >5000 tradeable market factors, for all TRIP holdings.• Built fully-integrated forecasting tool to analyze and report the immediate and long-term liquidity profile of TRIP, incorporating both a sophisticated model for private funds, and a ‘liquidity calendar’ tool for liquid instruments (only UChicago has both of these). • Portfolio manager for TRIP’s allocation to long volatility—manager selection and due diligence, ongoing monitoring of the role and performance of the TRIP Protection program and its managers.• Developed business solution tools for deep analysis of Peer performance; factor analyses of investments using advanced regression techniques; identifying and describing risk changes over time; and attribution of TRIP performance vs. various benchmarks and between benchmarks.• Supports the Chief Risk Officer in all aspects of his role including peer CRO/CIO benchmarking, meeting with external managers, providing timely decision analysis and information for CIO and staff, and hiring/developing first-rate staff.

Secondary role at Morgan Stanley. Provided risk oversight, approved new fund designs and offerings, advised on risk management of funds with derivative and leveraged payoffs (pricing models, VaR), helped secure approval of risk management model by French regulator (AMF).

Managed a global team of three, working directly for the Global Head of Equity Market Risk. Developed Index Factor approach for summarizing and analyzing the firm's market risks. Created and maintained substantive analysis tools, from developing new concepts to building the production analytic tools. Many were developed into full production applications by IT for general use by risk managers. Analyzed the complex risks that are not easily captured by risk metrics, and explained them clearly to regulators, senior management, rating agencies, etc. Developed risk metrics for same to continually improve transparency.Created and produced a variety of performance attribution techniques to understand how and why desks make/lose money, and to advise on how this risk-return relationship might be improved. Similar approaches to decompose and explain changes in risk profile providing insight into higher-order sensitivities and related risks. Produced and briefed significant, innovative, in-depth business analyses monthly and quarterly on a wide variety of trading portfolios. Also significant business strategy reviews on demand. Complex & large deal analysis. Real-time analysis of all deals involving major capital commitment, including assessing material weaknesses or overlooked risks, negotiating deal structure and hedging with bankers, structurers and traders, determining approval standards and writing concise decision support briefs. Leading participant in formal new product approval process. Worked closely with UK and Global Regulators (monthly briefings, co-ordination and synthesis of major stress-testing exercises), key participant in successful approval of CAD2 VaR model waiver, devised and built methodology for computing regulatory capital buffers. Development and education of colleagues, presentation to large groups explaining key risk concepts and methods and building strong links outside risk department with key internal providers.

Worked directly with Exotic Equity Derivatives desk responsible for hedging structured notes issued into Italian retail market. Built valuation models for exotic equity payoffs, developed integrated system for daily pricing, scenario and VaR analysis, designed and built process for generating and storing market implied volatility data used across the bank for official marking.