Edward Thomas Jones Email & Phone Number

Holyhead, Gb

Bangor, Wales, United Kingdom

Bangor, Wales, United Kingdom

Lecturer in Economics at Bangor Business School. - Research interests includes financial modelling, blended finance, credit and market risk, fiscal strategy, and economic growth. Active member of the Credit and Uncertainty Research Cluster.- Academic lead for Knowledge Transfer Partnership (KTP) with Stockomendation, an officially recognised FinTech 50 firm. Oversight of the design, build, and implementation of financial algorithms to extract price information from stock… Show more Lecturer in Economics at Bangor Business School. - Research interests includes financial modelling, blended finance, credit and market risk, fiscal strategy, and economic growth. Active member of the Credit and Uncertainty Research Cluster.- Academic lead for Knowledge Transfer Partnership (KTP) with Stockomendation, an officially recognised FinTech 50 firm. Oversight of the design, build, and implementation of financial algorithms to extract price information from stock recommendations.- Leading a team of six academics to provide independent scrutiny and assurance of devolved tax forecasts in Wales, including presenting the results to public officials and politicians.- A subject matter expert for the Welsh Government and National Assembly of Wales. For example; member of a Welsh Government working group to assess the impact of Brexit on inward investment in Wales; keynote speaker at the National Assembly of Wales Research Services & The Learned Society of Wales Ideas Exchange Seminar on “How ambitious should Wales be with its new Development Bank?”.- Awarded funding by the Coleg Cymraeg Cenedlaethol to research bank branch closure in the UK and the impact this has on credit conditions for SMEs.- Regularly contributor to national TV and radio programs, providing expert opinion on economic and financial issues. - Teaching of economics, banking and quantitative finance based modules at undergraduate, postgraduate, and doctoral level. Responsible for developing and delivering a new Credit Risk Analytics postgraduate module.- Experience of supervising undergraduate, postgraduate, and doctoral students’ dissertations. Responsible for managing an intern to research enrolment decisions of students, the results of which feeds into the University’s Corporate Communications and Marketing strategy. Show less

Wales, United Kingdom

Member of the Advisory Board for the £130m Investment Fund for Wales (IFW) for British Business Bank.This £130m fund will seek to create sustainable economic activity by supporting new and growing businesses in all economic conditions. It will offer a range of commercial finance options and will be available to businesses all over Wales, including rural, coastal and urban areas.

Isle Of Anglesey, Wales, United Kingdom

Originally founded in 1990, the Isle of Anglesey Charitable Association (and under its former name, the Isle of Anglesey Charitable Trust) has, through its annual grants programme, awarded millions of pounds to local projects. This work continues to be supported by the proceeds from the original Shell (UK) legacy fund.In September 2019, control of all assets were transferred to the Isle of Anglesey Charitable Association from the old Trust, and a new governance structure adopted to… Show more Originally founded in 1990, the Isle of Anglesey Charitable Association (and under its former name, the Isle of Anglesey Charitable Trust) has, through its annual grants programme, awarded millions of pounds to local projects. This work continues to be supported by the proceeds from the original Shell (UK) legacy fund.In September 2019, control of all assets were transferred to the Isle of Anglesey Charitable Association from the old Trust, and a new governance structure adopted to provide the charity with the flexibility needed to manage and protect the fund for future generations.This decision means we have two tiers of governance: a Membership, elected by the people of Ynys Môn, and a Trustee Board. The Trustee Board is elected and appointed based on their possession of the skills, attributes, and knowledge needed to make sure that we continue to achieve our charitable objectives. Trustees play a vital role in ensuring that we have a clear, grant-making strategy to deliver funds directly to our communities, and that our work and goals align with our vision. Show less

Anglesey, Wales

Appointed as a Non Executive Director of M-SParc, Wales’ only dedicated Science Park. M-SParc’s aim is to drive commercial knowledge-based science linked to research expertise by stimulating an entrepreneurial culture in key sectors such as low carbon energy, the environment, and ICT. Duties includes: assisting in policymaking and strategic planning, managing risk from an objective standpoint unrelated to the day-to-day operations, and challenging the direction and performance of the… Show more Appointed as a Non Executive Director of M-SParc, Wales’ only dedicated Science Park. M-SParc’s aim is to drive commercial knowledge-based science linked to research expertise by stimulating an entrepreneurial culture in key sectors such as low carbon energy, the environment, and ICT. Duties includes: assisting in policymaking and strategic planning, managing risk from an objective standpoint unrelated to the day-to-day operations, and challenging the direction and performance of the company as well as the existing team.Also appointed to M-SParc Investment Panel which is tasked with making decisions on investments and managing M-SParc Investment Fund. The aim of the Fund is to invest in innovative start-ups that will have an economic, social, and environmental impact. The Panel is also responsible for overseeing the development of the Business Angel Invetsment Network. Show less

Edinburgh, United Kingdom

Moderator for the Financial Institutions Risk Management and Private Banking & Wealth Management modules on the Chartered Banker MBA (CBMBA) programme.Specific duties includes: Act as the Academic Reader for the module, Review all assessments relating to the module, including assignment questions and examination papers, Attend Board of Examiner meetings of the CBMBA programme.

Cardiff, United Kingdom

Appointed Expert Adviser to the National Assembly of Wales Finance Committee in relation to its scrutiny of the Welsh Government's draft budget 2020/21.Duties include: producing background briefings for the Committee, working with the Committee team (which includes the clerk, researchers and lawyers) throughout the investigation in preparation for sessions oral evidence (and attending these sessions), identify key themes and issues that emerge throughout the scrutiny process, and… Show more Appointed Expert Adviser to the National Assembly of Wales Finance Committee in relation to its scrutiny of the Welsh Government's draft budget 2020/21.Duties include: producing background briefings for the Committee, working with the Committee team (which includes the clerk, researchers and lawyers) throughout the investigation in preparation for sessions oral evidence (and attending these sessions), identify key themes and issues that emerge throughout the scrutiny process, and contribute to the production of a final report on the draft budget which includes conclusions and recommendations. Show less

Manager in Stress Testing Team. Work includes;- Complete a review of the Bank’s non-retail Loan Loss Forecasting (LLF) models and provide logical challenges to methodology with the aim of enhancing the current approach,- Design, build, and implement the Property Investment LLF model in the SAS environment (previously in MS Excel) to improve the operational efficiency of the model and allow effortless transfer of information with other teams,- Work with the Bank’s… Show more Manager in Stress Testing Team. Work includes;- Complete a review of the Bank’s non-retail Loan Loss Forecasting (LLF) models and provide logical challenges to methodology with the aim of enhancing the current approach,- Design, build, and implement the Property Investment LLF model in the SAS environment (previously in MS Excel) to improve the operational efficiency of the model and allow effortless transfer of information with other teams,- Work with the Bank’s Economic Unit and Senior Management to estimate base and stress economic scenarios (including calculating the severity of the stress scenario) for the UK and Ireland,- Forecast 5-year loan losses for inclusion in the Bank’s Internal Capital Adequacy Assessment Process (ICAAP) based on an agreed economic scenario,- Lead a full annual loan loss forecast exercise for the BOI UK PLC (a subsidiary of the Bank), which included both retail and non-retail portfolios and five different economic scenarios,- Forecast impairments for Bank of Ireland’s non-retail portfolios as part of the European Banking Authority (EBA) EU-wide stress test and contribute to the methodology documented submitted as part of this exercise, - Contribute to the development of a SME and Corporate Banking RAROC pricing tool, by designing and implementing a process for calculating Point in Time (PIT) Probability of Default (PD) and Loss Given Default (LGD) for non-retail transactions.- Manage two risk analysts, with responsibility for planning workload, assessing resources required to achieve objectives, and prioritising tasks. Show less

Senior Risk Model Development Analyst. Work includes;- Perform the annual calibration of the IRB-approved non-retail PD models, which involved working with various Business Units to estimate the average default rate over an economic cycle. This was completed by using advanced statistical techniques to correct for benign economic conditions, extrapolate historical default rates, and to forecast default rates. In addition, this work involved estimating the capital impact of the new… Show more Senior Risk Model Development Analyst. Work includes;- Perform the annual calibration of the IRB-approved non-retail PD models, which involved working with various Business Units to estimate the average default rate over an economic cycle. This was completed by using advanced statistical techniques to correct for benign economic conditions, extrapolate historical default rates, and to forecast default rates. In addition, this work involved estimating the capital impact of the new calibrations and presenting the results to Senior Management and Executives, - Understand the Financial Service Authority (FSA) new methodology for income-producing assets, and calculate the capital impact of this approach on the Bank’s property investment and development books, - Perform statistical analysis to assess the performance of the non-retail PD models and present the results at Quarterly Performance Monitoring meetings with the Risk Measurement Team (RMT) and Business Units, including non-technical business audiences, - Contribute to a consistent and reliable data collection and cleansing process for non-retail analytics, - Investigate performance issues of credit risk models and provide recommendations for remedial programme, - Support internal Independent Control Unit (ICU) model validation and respond to queries and feedback, - Supervise and help develop new members of the team through training and informing of new developments in credit risk modelling, validation, and regulatory requirements.In addition to the above, I was also chosen to work on projects outside of the Non-Retail Model Development Team activities, including secondment to Impairment Provisioning & Forbearance Programme (CRE&SME work-stream). Show less

Business Analyst in Credit Portfolio Measurement Unit (Group Risk). Work includes;- Collect and analyse economic data (historical and forecasted) for use in stress testing calculation of the Bank’s portfolios, - Assisting in the execution of stress testing model so as to assess the impact of various economic scenarios of the Bank’s portfolios and complete internal and external reports on their capital impact, - Extract and analyse trends from stress testing results… Show more Business Analyst in Credit Portfolio Measurement Unit (Group Risk). Work includes;- Collect and analyse economic data (historical and forecasted) for use in stress testing calculation of the Bank’s portfolios, - Assisting in the execution of stress testing model so as to assess the impact of various economic scenarios of the Bank’s portfolios and complete internal and external reports on their capital impact, - Extract and analyse trends from stress testing results so as to inform senior management of future portfolio performance and capital requirements. Show less

Assistant Manager in the Model Development Team (Group Risk). Work includes;- Develop, monitor, and maintain the Bank’s property development, corporate lending, and interbank lending credit risk models. This involved working with various Business Units across the Bank and external companies, such as S&P and BvDEP, and these models were used in decision making and formed part of the Bank’s IRB application, - Contribute to Credit Committee by providing an explanation of the… Show more Assistant Manager in the Model Development Team (Group Risk). Work includes;- Develop, monitor, and maintain the Bank’s property development, corporate lending, and interbank lending credit risk models. This involved working with various Business Units across the Bank and external companies, such as S&P and BvDEP, and these models were used in decision making and formed part of the Bank’s IRB application, - Contribute to Credit Committee by providing an explanation of the risk models’ output, Work with lenders and risk analysts to ensure appropriate use of the models and the quality of the input data, - Analyse customer, loan, and macroeconomic data for internal reports used by Senior Management in decision making. In addition, prepare and present statistical analysis to non-technical audience, - Work with external consultants to develop property valuation models to be used in the transfer of assets between the Bank and NAMA. Show less

Reviewer of current national and international banking and finance related articles. Work included;- Work in a team to write in-depth reviews of developments, current trends, performance, regulation, and other topics in the international banking and finance industry, - These reviews were published in the World Banking Extract and sold to the financial service industry.

Project manager of a two year Department of Environment, Food and Rural Affairs (DEFRA) financed research project. Work included; - Contributing to the management of a two year UK Government financed six digit grant to develop an efficiency model for the agricultural industry, - Provide bi-monthly progress reports to all stakeholders (both public and private sector), which included a summary of actions completed, costs and problems incurred, and work schedule, -… Show more Project manager of a two year Department of Environment, Food and Rural Affairs (DEFRA) financed research project. Work included; - Contributing to the management of a two year UK Government financed six digit grant to develop an efficiency model for the agricultural industry, - Provide bi-monthly progress reports to all stakeholders (both public and private sector), which included a summary of actions completed, costs and problems incurred, and work schedule, - Organise a country-wide collection of information on the agricultural industry by designing, publishing, and distributing questioners to farmers. This information was used in the development of the efficiency model, - Develop a model to measure the efficiency of farms using advanced statistical techniques (i.e. Stochastic Frontier Analysis and Data Envelopment Analysis), Implement the efficiency model in MS Excel so as to be used by field officers in advising farmers on how to improve their efficiency, - Identify trends/segments in the data, prepare reports, and deliver presentations to inform various stakeholders on strategic decisions. Show less

Consultancy statistical analysis work for a private sector national health agency. Work included;- Consultation on questionnaire design for employee’s satisfaction survey- Analyse questionnaire results and present results to managing director- Contribute to the application for Investors in People award

Summer employment. Assistant of the Administrator with tasks in bookkeeping, IT, and office management. Work included;- Assist the Society’s Administrator with general office management activities.- Basic bookkeeping and cash management duties.- Organise the distribution of information to customers and stakeholders.- Managing information on an electronic database.

Summer employment. Research the machinery costs incurred by farm enterprises for rural SME. Work included;- Undertake research for a North Wales based agricultural cooperative, including interviewing farmers and gathering business information for analysis, - Calculating the machinery costs incurred by farmers and analysing the potential to reduce their outgoings by sharing farm equipment, - Present the results to company directors and stakeholders to illustrate… Show more Summer employment. Research the machinery costs incurred by farm enterprises for rural SME. Work included;- Undertake research for a North Wales based agricultural cooperative, including interviewing farmers and gathering business information for analysis, - Calculating the machinery costs incurred by farmers and analysing the potential to reduce their outgoings by sharing farm equipment, - Present the results to company directors and stakeholders to illustrate potential cost reductions and provide analytic support for business strategy. Show less

Phd, Economics

Part-time programme of doctoral research. Specialist field: The growth of conurbations in post-war Britain: A historical perspective.

Diploma, Statistics

Modules include: Statistical Theory, Statistical Methods, and Statistical Applications and Practice.

Practitioner, Prince 2 (Projects In Controlled Environments)

Nvq (Level 4), Management

Mandatory units: Providing Direction, Facilitating Change, Working with People, Using Resources, and Achieving Results.

Ma, Banking And Finance

Dissertation: Modelling the English Land Market Modules include: Bank Strategy and Performance, Banking Financial Management, Financial.

Ba (Hons), Economics And Mathematics

Final year modules include: Corporate Risk Management, International Treasury Management, Econometrics, Macroeconomics, and Agricultural.