THE RISK INSTITUTE EXECUTIVE EDUCATION SERIES: BALANCING RISK TO CREATE VALUE
RISK MODELING:
THE PAST AND THE FUTURE
THE CONVERSATION ABOUT RISK STARTS HERE
ABOUT THE RISK INSTITUTE
Risk modeling is one of the essential risk management tools, not
only for financial firms, but also for non financial firms. As
business, regulatory and economic environments change, risk
models have also evolved. The recent Financial Crisis has proven
how the interconnectedness between institutions could
complicate the financial system and the regulators' responses to
the crises. The importance of systemic risk and liquidity risk,
especially for financial firms, has taken on a much more important
role in their risk models.
In this session, Mila Getmansky Sherman (Isenberg School of
Management, UMass Amherst), Rongsheng Gong (Huntington
National Bank) and Al Schulman (Nationwide Insurance, retired)
collaborate to provide insights into understanding the evolving,
complex, and at times, very volatile economic conditions
impacting firms' markets and operation. Overall, the session will
emphasize how financial firms have adapted thier risk models to
changing business, economic and regulatory environments.
The Risk Institute brings together
leading academics and a
collection of forward-thinking
companies that understand that
effective risk management
strategies position them to create
value in a competitive and
dynamic marketplace. The Risk
Institute Executive Education
Series arms practitioners with
fresh perspectives and approaches
to:
Executives will learn/discuss:
• Current risk models and how they have evolved, especially after
the recent financial crisis.
• Managing risk associated with modeling.
• Research findings on the importance of systemic risk and how
stress tests should include interconnectedness between
institutions.
• How risk models within financial institutions are used in a
bank's Comprehensive Capital Analysis and Review process.
• Interconnection of financial institutions through financial
derivatives.
• Identify, measure and manage
risks critical to an organization’s
success
• Apply leading academic research
to business strategies for more
competitive and sustainable
advantages
• Communicate effective risk
management strategies to create
an integrated and enterprise-wide
approach
• Create an organizational culture
that manages risk proactively by
allowing ideas, innovation and
initiatives to flourish
ENGAGEMENT WITH OTHER SENIOR EXECUTIVES
Executives will have the opportunity to engage in a panel discussion
with our speakers and their peers about recent developments in risk
modeling. Lunch will also provide participants with an opportunity
to network.
To register please contact:
Denita Strietelmeier
Program Manager
The Risk Institute
strietelmeier.1@osu.edu
(614) 688-8289
BIOGRAPHIES OF SESSION LEADERS
Mila Getmansky Sherman, Associate Professor of Finance,
The Isenberg School of Management, UMass Amherst
Professor Getmansky Sherman's research specializes in empirical asset pricing, hedge
funds, performance of investment trading strategies, financial institutions, systemic
risk, and system dynamics. She received a B.S. degree in Chemical Engineering and
Minor in Economics from MIT and a Ph.D. degree in Management from the MIT Sloan
School of Management. Her work is widely published and she is a recipient of numerous
awards and grants including the College Outstanding Research Award. She has had
numerous government appointments and affiliations being a Visiting Scholar at the U.S.
Securities and Exchange Commission (SEC) and the Board of Governors of the Federal
Reserve System. She was a contractor at the U.S. Commodity Futures Trading
Commission (CFTC) and is currently an Expert Financial Economist with the SEC.
Rongsheng Gong, Vice President, Head of Risk Modeling,
Huntington National Bank
Dr. Gong leads the centralized risk modeling team at Huntington National Bank. The
team’s responsibilities include credit loss forecast for retail loans, commercial loans,
investment securities, and derivatives, operational loss forecast, pre-provision net
revenue forecast, and fair lending analytics. Prior to joining Huntington National
Bank in 2012, he was working on risk modeling in residential mortgages and fraud
prevention at JPMorgan Chase. He also worked on logistic strategy as an industrial
engineer at Gap Inc.
Dr. Gong has a PhD in Engineering from University of Cincinnati, and a BE from
Xiamen University, China. He is a CFA charterholder.
Al Schulman, Vice President (retired), Enterprise Risk and Capital
Management, Nationwide
Schulman retired as VP – Enterprise Risk and Capital Management at Nationwide in
2015. He began working at Nationwide in Corporate Finance and worked on
Nationwide’s first strategic planning, net present value and capital models. He led
the initial development of Nationwide’s Corporate Development function, and served
as a leader in the development of Nationwide’s RAROC and economic capital
modeling capabilities, as well their dynamic financial analysis and ALM capabilities.
He joined Enterprise Risk Management, where he led the risk and capital modeling
group. In 2010, Schulman formed a new team to develop Nationwide’s model risk
management policy, processes, and model validation capabilities. Since retiring, Al
has continued to work with Nationwide’s risk management team as a Consultant. Al
holds a Bachelor of Science degree from the University of Rochester and a Master’s
degree in Finance from the Sloan School of Management at MIT. Al is a Lecturer in
Enterprise Risk Management at the Fisher College of Business at The Ohio State
University.
Isil Erel, Associate Professor of Finance, Academic Director of The Risk
Institute at The Ohio State University Fisher College of Business
Dr. Isil Erel holds a Ph.D. in financial economics from MIT Sloan School of
Management. She received her Bachelor of Arts degree in economics and business
administration from Koç University, Turkey. Her research spans a variety of areas
within corporate finance, with particular emphasis on mergers and acquisitions,
corporate governance and banking. Her research has been published in leading
academic sources and she is the 2010 recipient of the Pace Setters Faculty Research
Award and the 2015 recipient of the Distinguished Faculty Award at Fisher College
of Business. She also received the Distinguished Referee Award from the Review of
Financial Studies in 2012. She has been a Fisher Research Fellow (since 2011) and a
National Center for the Middle Market Research Fellow (since 2012). In addition to
assuming her role as academic director of The Risk Institute, Dr. Erel will continue
to conduct high-impact research in her fields of interest and teach Financial
Institutions in both MBA and undergraduate programs at Fisher.
PROGRAM AT A GLANCE
WHAT:
Risk Modeling:
The Past and the Future
WHEN:
Wednesday,
March 30
10 a.m. – 2 p.m.
WHERE:
The Ohio State University
The Blackwell Inn and
Conference Center
Pfahl Hall #302
2110 Tuttle Park Place
Columbus, OH 43210
WHO:
Senior executives and business unit
leaders charged with driving growth
and creating value while managing
risk
COST:
$595
UPCOMING SESSIONS:
Cost: $595
When: 10 a.m. - 2 p.m.
May 12, 2016
The Talent War: Managing the
Talent Pipeline and Succession
Planning
Philip S. Renaud, MS, CPCU, Executive Directors of The Risk Institute at
The Ohio State University Fisher College of Business
Renaud joins The Risk Institute from Risk International, where he served as a
managing director and led the Columbus offices. With over 25 years of experience
creating and managing several large multilocation, international risk management
departments, he brings extensive expertise in the practice of risk management,
direct insurance, and safety and health. In addition to his position at Risk
International, Renaud managed risk programs at Deutsche Post/DHL (Supply Chain),
Kmart Corporation, Limited Brands, Inc. (L Brands) and, prior to that, SCOA
Industries Inc. (Shoe Corporations of America). He is a regular speaker at various
national, regional and local risk management forums. He also serves on the Board of
Directors for the National Kidney Foundation of Ohio, Kentucky, Middle and Eastern
Tennessee and board chairman for Central Ohio.
FOR MORE INFORMATION,
PLEASE CONTACT:
The Risk Institute
The Ohio State University
Fisher College of Business
riskinstitute@fisher.osu.edu
fisher.osu.edu/risk