Since 2013, Dr. Ong conducts advisory services in broad areas of enterprise risk management. Previously, he was Professor of Finance, Director of the Finance Program, and Executive Director of the Center for Financial Markets at the Stuart School of Business, Illinois Institute of Technology.
Prior to his retirement from the financial industry in 2003, Professor Ong was Executive Vice President and Chief Risk Officer for Credit Agricole Indosuez, responsible for enterprise-wide risk management functions for corporate banking, merchant banking, asset management, and capital markets activities. Previously, he was Head of Enterprise Risk Management for ABN-AMRO Bank, responsible for management information and decision support function for the Executive Committee regarding enterprise-wide market, credit, operational, and liquidity risk.
Prior to that, he held various positions as Head of Corporate Research for First Chicago NBD, and quantitative research at Chicago Research and Trading Group, after having served as assistant professor of mathematics at Bowdoin College for seven years with his research in mathematical physics.
He is a member of the Editorial Board of the Journal of Financial Regulation and Compliance, the Journal of Credit Risk, the Journal of Risk Management for Financial Institutions, and Journal of Regulation and Risk. He was the founding editor and Editor-in-Chief of the Journal of Credit Risk and was on the editorial board of the Journal of Risk and The RMA Journal.
He has contributed numerous articles and book chapters to industry publications. He has given many public presentations, keynote addresses, and has chaired many industry conferences. He is widely recognized for authoring and editing several best-selling books: Measuring and Managing Capital for Banks and Financial Institutions; Internal Credit Risk Models – Capital Allocation and Performance Measurement; Credit Ratings – Methodologies, Rationale and Default Risk; The Basel Handbook – A Guide for Practitioners; and Risk Management – A Modern Perspective.
