University of Uncertainty

Founder

Bloomberg LP

FX & Commodities Derivatives Business Manager

FX Derivatives Business Manager

Financial Engineer Team Leader

UBS Investment Bank

Rates & FX Product Valuations

Morgan Stanley

FX Hybrids Trader

Barclays Capital

FX Long Dated Trader

Rates Quant Analyst

I'm Nuno, and at age 46, I've decided to terminate my *serious career*.

Why?

I love learning. I love working. I love creating *meaningful* value.

But the world got to a point where NONE of this is truly possible within the prevailing systems.

The root problem?

>>The dominant THINKING paradigm!


I found this sentiment is shared by many who have a sense of URGENCY that we must go BEYOND the *Data-driven*, *Bayesian-driven*, *Scientism-driven* and *Optimization-driven* understanding of the world.

That includes:

1/ AI SCIENTISTS who are seeking innovative ways of thinking to make sense of the world (...beyond the *Bayesian-driven* approach)

2/ MISFIT THINKERS who crave to explore the subjective, emergent dimensions of reality (...beyond the *Data-driven* paradigm)

3/ PORTFOLIO MANAGERS who are looking for unconventional ways to navigate market uncertainty (...beyond the *Optimization-driven* tactics)

4/ INSATIABLY CURIOUS QUANTS who want a deeper understanding of both risk and uncertainty (...beyond the *Scientism-driven* models)

5/ LEGACY-DRIVEN ENTREPRENEURS who want to build products addressing today's crises (...beyond the *Tech-driven* shiny objects)

6/ COACHES DISILLUSIONED WITH THEIR INDUSTRY who seek transformative frameworks of personal growth (...beyond the *Mechanistic-driven* goal setting)

>>Does ANY of these DEEPLY resonate with you?

Nuno Reis, PhD

Lloyds Banking Group

SENIOR ROLE (RISK DIRECTOR): Shaping ERM enterprise risk management strategy across all bank Verticals using a regulatory and business lens.  Developed ERM strategies, risk strategy model and risk policy frameworks supporting bank priorities to embed a risk-based approach with updated enterprise risk management framework policies / internal controls. Introduced risk self-assessments across core business areas to understand risk dependencies.

ERM & RISK STRATEGY MODEL: Integrated risk strategy model into the wider bank enterprise risk management policies, processes and controls spanning credit, capital, market, liquidity, asset classes and multiple product areas. Aligned PRA / Bank of England compliance, monthly risk / regulatory reporting and policy governance principles to internal risk models.

FINANCIAL & NON-FINANCIAL RISK: Managing alignment with changing regulatory and business requirements. Analysing key risk themes – technology, data governance, product, legal, credit, market, asset classes and liquidity. Assessing / researching emerging themes on brand / company reputation, ESG / sustainability (climate change), IT cyber security, credit risk assessments (credit policies), AML (anti-money laundering), anti-fraud and financial crime. 

BOARD ADVISORY & SENIOR COMMITTEES: Senior presence on business / risk committees with bank-wide decision-making insights. Product Approval Committee Member, Board Advisory (Bank Technology & Transformation) and Bank Working Group Member (AI, ML, quantitative analysis and risk model validation). Introduced effective risk reporting frameworks and performance monitoring aligned to KRIs (Key Risk Indicators) with BI / dashboard reporting, latest quantitative / statistical analysis techniques, advanced data tools and wider audit / internal controls to highlight warnings (no action), action and remediation requirements.

Senior Risk Model Manager (Risk Director) - Quantitative Research

SENIOR AUDIT MANAGER (AUDIT LEAD): Led audit project portfolio on financial / non-financial risk areas and developed audit strategy frameworks, planning and execution. Successfully delivered 5-6 in-depth global audit projects and ensured consistent alignment between audit plans and corporate risk profile of the wider organisation. Introduced robust audit processes / agile methods and streamlined audit engagement timelines.

GROUP EXECUTIVE COMMITTEES. Produced risk / control dashboards, championed audit best practice governance, identified synergies / cost saving with other regulatory compliance programmes and built high-performing multi-disciplinary audit teams (hired key people and expertise). 

BANK RISK, AUDIT & REGULATORY COMPLIANCE: Deployed risk / quantitative analysis skills to review frameworks for IBOR, Capital Management Framework (ICAAP, ILAAP & Bank of England liaison), Risk Appetite Model (Independent Review), ESG / Climate Change (Stress Test Integration), Market / Credit Risk Models, (VaR, Stressed VaR, IRC, CRM, CVA, PPE & IR), ISO Certifications (9001, 14001, 45001), Regulatory Capital Models, Product Risk Models and AI / ML process automation.

Senior Audit Manager (Audit Lead & Project Portfolio)

Close Brothers

SVP LEADERSHIP: Developed bank risk model frameworks from scratch to deliver best practice regulatory policy compliance (SR11-7, BCBS239 & Bank of England Supervisory Statement) alongside Regulatory Capital Models (ICAAP, ILAAP & Capital Adequacy), IFR Credit Models, ALM Strategy and internal risk controls. 

GROUP RISK COMMITTEES: Introduced Group Risk Committee Reporting dashboards for Group / Division Risk & ALCO Committees covering 1,000+ models and creation of the Risk Appetite Statement (RAS). Added presence on senior technical committees overseeing process design, technology platforms integration (external credit risk providers), internal risk controls, IT systems infrastructure and operational efficiencies. Reported to the Head of Risk Model Validation.

SVP / Risk Model Manager (Senior Committees & Risk Models) 

KPMG

FINANCIAL RISK MANAGEMENT: Developed Credit Risk Model Frameworks for top-tier banking portfolio on regulatory compliance requirements - Pillar 1 Regulatory Capital Assessments and Pillar 2 Risk Management / Regulatory Reporting (CRD IV, CCR, BASEL), ICAAP & ALM models. Directed multi-disciplinary teams on client projects (20+ Risk Managers). 

REGULATORY & STAKEHOLDER ENGAGEMENT: Senior-level exposure to risk model frameworks across different asset classes and bank / operational environments of clients. Gained valuable insights on credit risk models (PD, LGD, EAD, ECL), lending strategies, risk tolerance, investment performance, front office / structured products, internal controls and compliance projects (DODD-FRANK, EMIR, REMIT, MIFID I/II and others).

Financial Risk Manager (Bank Credit Risk Models) 

Unicredit

PRICING RISK MODELS: Developed pricing risk models for securitisations (ABS, MBS, CDO & CDS) and corporate / retail loan clients. Presented P&L / trading activity reports to the Investment Strategy Committee and introduced AI / machine learning marketing techniques.

VP, Pricing & Trading Division (Pricing & Risk Model Frameworks)

Balance Sheet Analysis & Company Evaluations

Corporate Finance Advisor

RISK DIRECTOR (CRO): A Senior Risk Manager (Risk Director) with proven director-level experience driving risk strategy model, enterprise risk management (ERM) and regulatory compliance by embedding best practice ERM frameworks, processes and controls for LLOYD’S BANKING GROUP PLC. Developing risk policies, consistent frameworks, ad hoc analysis and detailed executive reporting aligned to core methodologies, changing business / regulatory requirements and risk appetite. Shaping effective bank ERM strategies, performance monitoring and three lines of defence model dependencies.  

STRATEGY RISK MODELS: Trusted by board / senior leaders and risk committees to shape strategy risk models and enterprise risk management frameworks across entire banking organisations (Retail, Commercial, Investment Banking & Wealth Management). Bringing extensive risk transformation expertise, growing presence on senior committees and decision-making insights aligned to bank risk assessments, risk classifications, changing Bank of England / PRA regulations. A subject matter expert with excellent awareness of key risk themes on audit compliance alongside other areas - data controls, technology, cyber risk, product, credit, legal, market, liquidity, stress testing, conduct risk and ESG / sustainability. 

RISK TRANSFORMATION: Successfully transformed regulatory risk functions by leading risk model development, statistical / quantitative analysis and strong awareness of emerging risk topics and research. Includes embedding BI / data analytics, dashboard reporting and advanced AI / ML technologies as well as continually adapting to a constantly changing risk / regulatory environment. Demonstrating excellent senior stakeholder management, team development and coaching skills for leading high-performing teams, embedding bank-wide risk culture and strengthening ERM frameworks. 

BOARD & SENIOR COMMITTEES | REGULATORY COMPLIANCE
Senior Committee Member Roles; ALCO Committee (attendee)
Product Approval Committee Member (Product Risk Strategy)
Risk Committees & Forums, Group Executive Committee Reporting
Board Advisory & Technical Committees (Transformation Programmes)
Innivation & ERM Working Groups: ESG & Sustainability Frameworks

EDUCATION & DEVELOPMENT 
MA, Economics & Quantitative Finance
BA, Economics & Mathematical Finance
Qualified Certified Chartered Accountant
Certified Financial Risk Manager (FRM) 
Public Speaking & Thought Leadership 

Global Association of Risk Professionals (GARP London Chapter)
CeFPro Non-Financial Risk Advisory Board (Centre for Financial Professionals)

taplio

The Battle

Nuno Reis, PhD

Maurizio Garro

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