Mark Carey

Co-President

As Co-President of GARP Risk Institute, Mark Carey helps lead research and thought leadership for GARP and the broader risk community.

Mark was Associate Director in the Division of International Finance at the Federal Reserve Board in Washington, DC, leading some of the Board’s work on issues related to financial services industry and issues related to systematic risk and the most recent financial crisis. Earlier, he was founding-father of Basel 2. He has written a lot of technical papers about credit risk and also about corporate debt and corporate finance.

Mark is also co-director of National Bureau of Economic Research’s Risks of Financial Institutions Working Group, which is a mixed group of academics and financial professionals that focuses on risk management at financial firms. He is an Editor of the Journal of Financial Services Research and an Associate Editor of the Journal of Financial Intermediation. His Ph.D in economics is from Berkeley and his undergraduate degree in economics is from Oberlin College.

Jo Paisley

Co-President

As Co-President of GARP Risk Institute, Jo Paisley helps lead research and thought leadership for GARP and the broader risk community.

Jo Paisley’s career began at the Bank of England where she worked in various economist roles, ran the Statistics Division and spent the last part of her career in Supervision. Her last role was as a Director of the Supervisory Risk Specialist Division within the Prudential Regulation Authority. This area provided deep technical risk expertise to front line supervisors across all risk disciplines, covering banking and insurance. She was also heavily involved in the design and execution of the UK’s first concurrent stress test in 2014.

She left the Bank in 2015 and joined HSBC as their Global Head of Stress Testing, where she was responsible for ensuring that they met all their regulatory stress testing requirements around the world. She has also worked as an independent stress testing consultant, advising firms on how to get the most value out of stress testing. Jo studied Philosophy, Politics and Economics at Magdalen College, Oxford, before completing her MPhil in Economics at Nuffield College, Oxford.