Director of Product Management
Joy has more than 10 years of financial services experience in a variety of areas. As a product management director, she currently focuses on development of portfolio risk management tools including the RiskFrontier™ software. Joy has a BS in aerospace engineering from Massachusetts Institute of Technology and an MBA from NYU Stern.
In this article, we demonstrate the effect of the new allowance framework by quantifying allowances and credit earnings volatility for a sample portfolio.
As new regulations require increased visibility of risk management processes, financial institutions often struggle to find strategic value in new investments beyond regulatory compliance.