Mr. Yang has a strong technical background in quantitative analysis and brings 12 years of diverse experience in developing quantitative risk models for the financial service industry. He advises clients on a wide variety of quantitative modeling issues related to risk quantification and capital management. His recent clients include the world's largest banks, international fund managers, U.S. regional banks, and small community banks with engagements ranging from Comprehensive Capital Analysis and Review (CCAR) model development and validation, to Dodd-Frank Act Stress Testing (DFAST) gap analysis and program development, asset/liability/interest income model review, Current Expected Credit Loss (CECL) and IFRS9 model development, credit valuation and pricing, market risk model review and liquidity model review.
Before joining A&M Mr. Yang was the Vice President of HSBC North America, managing a team of quantitative specialists and developing the bank's stress testing models for commercial loan losses, retail loan losses, loan interest income and non-interest expenses. As the secretary to the bank's stress testing working group, he was responsible for overseeing the stress test modeling methodologies across the bank. Some of his other achievements include the development of a reverse stress testing model and the bank's independent mathematical validation of Moody's Economy.com macroeconomic models.
Prior to his role with the bank's stress testing program, Mr. Yang served as the secretary to HSBC's economic capital working group and led the oversight of the economic capital modeling methodologies across the bank. In addition, he built and managed the bank's loss distribution approach model for quantifying operational risk consistent with the Basel II Advanced Measurement Approach.
Mr. Yang earned bachelor's and master's degrees in engineering from Shanghai Jiao Tong University and completed his doctoral studies in industrial engineering (with a concentration in statistics and stochastic models) at the University of Cincinnati.