Bank risk manager of the year: Goldman Sachs

craig-broderick
Craig Broderick

By recent standards, market risk was in remission for most of 2012 – the Vix index of implied volatility on S&P 500 options had its most subdued year since the start of the crisis, and bank value-at-risk levels were also down dramatically. For risk managers at Goldman Sachs, this lull presented a danger all of its own.

“It’s a fairly simple observation that because volatility is so low, VAR models are going to show relatively low risk,” says Craig Broderick, the bank’s New York-based chief risk

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: