Michael Schouten is a Senior Risk Consultant at Hymans Robertson, a UK-based risk management consultancy for pension funds, insurers, banks and asset managers. He has 11 years of experience developing state-of-the-art quantitative models within the financial services sector, most of which focus on complex legal and regulatory issues. He has recently presented at conferences covering a range of issues relating to the new regulatory requirements in stress testing and reverse stress testing Michael also develops valuation models for exotic derivatives and illiquid asset classes that are used in Hymans Robertson proprietary Economic Scenario Generator (ESG). Michael holds a PhD in Bioinformatics from the University of Edinburgh, where he published research in the area of genetic mapping for complex disease. He has since used his research methodology to develop more robust models to measure Operational Risk. He also has an MSc in Economics from the London School of Economics and BA in Economics-Mathematics from Columbia University. Michael has also qualified for the Professional Risk Manager (PRM) designation from PRMIA and is a member of the PRMIA steering committee in Edinburgh.