Quantitative Risk Management | Quantitative Analytics | Xudong Yang
Xudong Yang
Senior Director
Quantitative Risk Management | Quantitative Analytics | Xudong Yang
Quick facts
12 years of experience developing quantitative solutions for the financial services industry
Advises on a wide variety of quantitative modeling issues related to risk quantification and capital management
Recent engagements include Comprehensive Capital Analysis and Dodd Frank Act Stress Testing model development and validation, asset / liability / interest income model review, credit valuation and pricing, as well as economic capital model revi
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Xudong Yang is a Senior Director with Alvarez & Marsal Financial Industry Advisory Services in New York.

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.