RISK MANAGEMENT ADVISOR TO THE FINANCIAL SERVICES INDUSTRY
THE BRUCE G STEVENSON COMPANY, LLC
As a Strategic Advisor in Risk Management, I am committed to providing financial services companies the necessary guidance to tackle the most complex risk management challenges. From making strategic decisions to understanding the most complicated mathematical problems, I’m here to guide you to effective and efficient solutions. With my help, you will address your risk management challenges, especially those requiring solutions. Take a look around my site and get in touch to book a consultation meeting.
ENTERPRISE RISK MANAGEMENT
The Bruce G. Stevenson Company specializes in risk management advisory including:
Enterprise Risk Management: ERM policy, culture and tone; risk assessment, measurement, and mitigation; risk appetite; reporting and documentation.
Credit Risk: portfolio risk management; risk ratings; loss given default; problem asset management; CECL; allowance for loan losses.
Operational Risk: loss data collection; risk and control self-assessment; scenario analysis and key risk indicators.
Model Risk: model risk management procedures; model review and validation; development of MRM organization.
Stress Testing and Capital Management: development of stress testing and capital management organizations; calculations of capital and capital ratios; challenge of processes and results.
Board and Senior Management Governance and Oversight.
Reporting and Documentation.
QUANTITATIVE RISK ANALYTICS
The Bruce G Stevenson Company specializes in quantitative analytics for risk management including:
Enterprise Risk Management: risk aggregation and inter-risk diversification; convergence of risk under stress; allocation of regulatory / stress capital.
Credit Risk: development and validation of default prediction models; quantification of Loss Given Default; development and validation of CECL analytics and models.
Operational Risk: quantification of frequency and severity; Monte Carlo simulation for loss distribution; extreme value theory.
Model risk: calculation of model risk; model validation
Economic capital: individual risks and all risks together; risk aggregation; tail risk; dynamic inter-asset correlations.
Stress Testing: development of econometric models to predict operational performance; review and validation of stress testing models.
BSA / AML / KYC: testing and validation of algorithms to identify high risk customers; testing and validation of models to score individual transactions; analysis of false positives
Fair Lending: statistical analysis of possible lending discrimination; geographic analysis by census units; interaction of credit and demographics
EXPERT TESTIMONY AND TRAINING
Expert Testimony
Quantitative Analytics for Risk Management
Stress Testing and Capital Management Analytics
Troubled Loans and Loan Portfolios
BSA / AML / KYC Analytics
Fair Lending
Training
Enterprise Risk Management
Management of Individual Risks
Quantitative Analytics for Risk Management.
BIO
Bruce Stevenson is the President The Bruce G. Stevenson Company LLC.
Bruce has 30 years of experience in risk management, especially developing quantitative solutions to challenges within the financial services industry. He has a unique blend of experience developing these solutions both within banks and as a financial services consultant.
As a quantitative bank risk manager, Bruce developed the ICAAP, economic capital and stress testing programs at HSBC North America, Inc. At BNP Paribas, he was Managing Director and head of the Portfolio Management department and he oversaw the bank’s $14 billion collateralized loan obligation program. Early in his career, he developed default predication and economic capital models as Citibank and Fleet Financial Group.
As a management consultant, Bruce built and led the Quantitative Advisory practice at Alvarez & Marsal’s Financial Institutions Advisory Service and, previously, he headed the portfolio management practice at Loan Pricing Corporation. His former management consulting firm, Stevenson Associates LLC, is now part of The Bruce G. Stevenson Company.
He is a thought leader in the industry having published numerous papers on risk management, portfolio management, and quantitative analytics in industry journals. He has also served as an Adjunct Professor of Finance at Fairfield University (Fairfield, CT) and Pace University (New York, NY).
Bruce holds a Ph.D. and an M.S. in Environmental Biology from the State University of New York and a B.A. from Williams College. He is a member of The Risk Management Association, Phi Beta Kappa and Sigma Xi.
TESTIMONIALS
What's Being Said
"Citizens Bank retained Bruce Stevenson and Alvarez & Marsal to review the bank's credit economic capital framework. Bruce and his team provide strong subject matter expertise, combining conceptual and analytical rigor with practical experience and business knowledge. The work completed was insightful and helpful to the bank in our understanding of the credit risk economic capital framework. The work was completed below budget and in a timely manner while also allowing for flexibility around Citizens Bank's scheduling needs."
Michael Fadil, EVP, CECL Program Director, Citizens Bank, Cranston, RI
“I have known Bruce Stevenson for nearly 30 years and he is one of the best quantitative risk analysts I know. While I was lead OCC examiner of Fleet Financial Group, I witnessed him creating and implementing a very successful commercial loan portfolio management program. When I was Chief Risk Officer of HSBC, Bruce built our ICCAP, economic capital and stress testing programs.”
David D. Gibbons, President of the The David D. Gibbons Company, former Deputy Comptroller of the Office of the Comptroller of the Currency and former Chief Risk Officer of HSBC in North America.
"Bruce Stevenson and the A&M project team made very important and significant contributions to the development of BNB's ERM program and to the remediation of several MRAs. We are quite pleased and will work with Bruce again."
John Vivona, Chief Risk Officer, Bridgehampton National Bank, Hauppaugue, NY
