Richard Black Email & Phone Number

Toronto, Ontario, Canada

Toronto, Canada

Toronto, Ontario

Provided leadership on managing market, credit, and liquidity risk for capital market investments with a particular focus on quantitative and technical matters* Risk management system selection and implementation planning* Portfolio reviews with a focus on quantitative programs* Risk measurement for Event Driven portfolios* BarraOne* Applied OLAP technology for risk data visualisaton

[IBM purchased Algorithmics in 2011]Manage development for most of the core Algorithmics components within the Risk Analytics division of IBM* Lead a team of over 100 developers as part of the IBM integration of Algorithmics* Business architect for buy-side solutions including Cloud

This is the lead position for financial engineering at Algorithmics with responsibilities for the design, development, and validation of all market risk, credit risk, ALM, and scenario generation models. In the capacity of VP, in addition to managing financial engineers and model developers, I also provide strategic direction on analytic matters, participate in various committees, and work directly with clients. Some example projects include:* Monte Carlo valuation including unique… Show more This is the lead position for financial engineering at Algorithmics with responsibilities for the design, development, and validation of all market risk, credit risk, ALM, and scenario generation models. In the capacity of VP, in addition to managing financial engineers and model developers, I also provide strategic direction on analytic matters, participate in various committees, and work directly with clients. Some example projects include:* Monte Carlo valuation including unique performance optimisations and American exercise* Enhanced validation procedures* Python support to RiskWatch* Structured products (INTEX)* New Qt front-end* Liquidity risk support (Basel III)* Enhanced scenario generation methods Show less

I started at Algorithmics as a financial engineer, moved into a management role where I ran the ALM group. After that I became the Senior Director of Financial Engineering.This role involved managing a group of financial engineers and working closely with model development and validation groups. The responsibilities included the design of all market risk, credit risk, ALM, and scenario generation models. In addition, I also provided strategic direction on analytic matters, participate… Show more I started at Algorithmics as a financial engineer, moved into a management role where I ran the ALM group. After that I became the Senior Director of Financial Engineering.This role involved managing a group of financial engineers and working closely with model development and validation groups. The responsibilities included the design of all market risk, credit risk, ALM, and scenario generation models. In addition, I also provided strategic direction on analytic matters, participate in various committees, and worked directly with clients in both a pre-sales and consultative capacity.* Added ALM as a solution for Algorithmics* Structured product support (INTEX)* Retail product functionality (amortization and prepayment) Show less

Responsibilities included: managing the Risk Management Unit; reporting to the Risk Management Committee made up of members from the Bank of Canada and Department of Finance; producing risk reports; monitoring risk in line with risk management policies and limits; and providing advice on debt management to the Department of Finance.* Purchased and implemented a Risk Management System (Algorithmics)* Introduced market and credit risk management for the Bank of Canada* Designed… Show more Responsibilities included: managing the Risk Management Unit; reporting to the Risk Management Committee made up of members from the Bank of Canada and Department of Finance; producing risk reports; monitoring risk in line with risk management policies and limits; and providing advice on debt management to the Department of Finance.* Purchased and implemented a Risk Management System (Algorithmics)* Introduced market and credit risk management for the Bank of Canada* Designed liability risk management for the government debt Show less

Activities included: designing a risk management policy; specifying risk management system requirements; working on option valuation models for retail debt; and providing advice on debt management to the Department of Finance. Activities included: building and supporting the Bank of Canada's Quarterly Projection Model; numerous economic and econometric projects.* Designed an economic forecasting model for the Canadian economy that replaced the incumbent model* Built an… Show more Activities included: designing a risk management policy; specifying risk management system requirements; working on option valuation models for retail debt; and providing advice on debt management to the Department of Finance. Activities included: building and supporting the Bank of Canada's Quarterly Projection Model; numerous economic and econometric projects.* Designed an economic forecasting model for the Canadian economy that replaced the incumbent model* Built an intergenerational model for modelling demographics* Provided technical expertise for solving large-scale, optimisation models Show less

M.A., Economics, Finance

Bsc (Hons), Mathematics

After three years I received a BSc (Hons), 1st class (this is normally a four year program). In 1990, I went into the 3rd year.