GARP Tongji Chapter Meeting
Recent Advances in Quantitative Risk Management
(量化风险管理的最新发展)
 

Date:  June. 4, 2013 (Tuesday)
Time: – 13:30 Registration 
           – 14:00-16:30  Featured Presentation & Q&A
Location: Conference Hall, 4th floor, Yuntong Building
                   School of Economics and Management, Tongji University
                   No. 50 Chifeng Rd. , Yangpu District, Shanghai, China  (上海市杨浦区赤峰路50号同济大学经济与管理学院云通楼4楼园厅)
Topic:  Recent advances in quantitative risk management
Speaker:  Dr. Wei CHEN, FRM
                   Head of Banking Risk Products, Global Product Management, SAS Institute Inc.
 

Synopsis:
Risk management is art and science and requires careful governance of the entire process. Yet in the history of risk management, quantitative techniques have played very critical role.  The talk will provide an overview of the advances in quantitative risk management in the recent decade.  These advances range from risk measures, risk budgeting and decision making.  They are driven by the lessons learned from financial crises by the professional and regulatory bodies as well as the development in the analytical and computational innovations.  In order to get the most out of these new techniques, it is important to understand the rationale, advantages and disadvantages of them.

Speaker’s Biography: 
Wei Chen leads the global management of banking risk products at SAS.  His responsibility covers market, credit, liquidity and enterprise risk as well as advanced asset liability management.  Wei has 15 years of experience in risk analytics and technology for both banking and insurance.  In addition to risk practices, he is also active in risk methodology and technology research and has published a number of papers in international risk and finance journals.  He is also a frequent speaker and organizer in professional and academic meetings.  He serves as adjunct faculty of the financial mathematics program in North Carolina State University.  He is also an elected vice chair for practice of the financial service section of the Institute for Operational Research and Management Science (INFORMS), director of the North Carolina Chapter of Global Association of Risk Professionals (GARP) and associate editor of Journal of Risk Model Validation.  Wei received his PhD with primary research area in financial econometrics from the University of Iowa.  He is a certified Financial Risk Manager (FRM).