Macquarie University Applied Finance Centre
Patrick McConnell is a Visiting Fellow at Macquarie University Applied Finance Centre (MAFC) in Sydney, where he taught Masters level and industry courses on Strategic Risk Management, Technology Risk, Operational Risk, and Enterprise Risk Management. Visiting Lecturer at Trinity College, Dublin (TCD), where he taught a Masters level course on Operational and Market Risk. He holds a degree in Mathematics, a Masters in Decision Sciences and a Doctorate of Business Administration, with a thesis on use of Information technology in Finance. He is a Fellow of the British Computer Society and a member of the IEEE.
Has over 30 years’ experience in Information Technology and Risk Management and has been employed by, and consulted to, major banks and corporations in the US, Europe and Australia. He has also consulted to the Australian government as a Risk Management expert.
Pat has published many articles and books on Strategy, Risk Management and Information Technology (IT) in academic and practitioner journals and has published several papers in the Journal of Operational Risk on systemic operational risk. He is the author of the definitive book on Digital Dealing Room Technology, the joint author of People Risk Management (Kogan Page 2015) and author of Systemic Operational Risk (2015), Strategic Risk Management (2016) and Strategic Technology Risk (2017), published by Risk Books.
This paper studies the growth by acquisition strategy embarked upon by a mid-sized UK bank, the Co-operative Bank; this strategy was a disaster, leaving a heretofore successful bank in dire trouble and on the block for buyers at a substantial discount to…
Libor-rigging and similar misconduct across multiple firms may be the result of 'macro-cultures'
This paper considers the claim of improved comparability of SMA outcomes by considering the ability to compare “internal loss experience” between banks.
This paper shows that it is an "inconvenient truth" that the largest losses by banks are not firm specific.