In the wake of the financial crisis of 2008, regulatory pressure on financial institutions has increased significantly, particularly around the three components of risk: Credit Risk, Market Risk, and Operational Risk. In response, banks have continued to increase capabilities in quantifying each risk type. This brief overview will focus on financial modeling approaches used Operational Risk.
In March of this year I had the opportunity to attend the American Physical Society’s annual March meeting in San Antonio, Texas. This meeting brought together about 10,000 physicists from all over the country to share their research, network, and learn. My attendance was not just to give a talk, but to gain valuable insights into my future career opportunities. This was key, since as a graduate student, I’m particularly interested in my post-PhD career options.