Model Risk Management at Non-Banks

Michelle Beck is a senior adviser at Iron Road Partners, providing expert support to investment advisers with a focus on effective compliance programs, particularly with respect to derivatives, leverage, liquidity, Form PF, Form N-PORT, and analytical model risks. Her previous roles included: four years as a risk management fellow in the Analytics Office of the SEC’s Division of Investment Management; chief risk officer for buyside firms including TIAA Financial Solutions, Nuveen and Russell Investments; and leading roles in market and operational risk, as well as derivative product trading roles, for banks in the US and Europe including Bankers Trust and Deutsche Bank during her banking career which started in 1986.  

Michelle earned an M.A. in Government from Harvard University, and a B.A. in Political Science from the University of Washington in Seattle. She has served on the board of trustees of the Global Association of Risk Professionals (GARP), and the CFA Society of Chicago. 

Michelle’s publications include a CFA Level 2 reading, “Measuring and Managing Market Risk,” co-authored with Don Chance, Ph.D., published by the CFA Institute in 2016, and “Utilizing Downside Risk Measures,” CFA Institute Conference Proceedings, Third Quarter 2014.