Nick Young is a Quantitative Modeling Manager at RiskSpan who has more than ten years of experience as a quantitative analyst and economist. At RiskSpan, he performs model development, validation and governance on a wide variety of models including those used for Basel capital planning, reserve/impairment, ALM, CCAR/DFAST stress testing, credit origination, default, prepayment, market risk and account management.
Prior to joining RiskSpan, Nick worked at U.S. Bank where he was a senior model risk manager with governance, model validation and model development responsibilities for the Bank’s Basel II Pillar 1 A-IRB, Pillar II ICAAP (interest rate risk, credit risk weighted average, prepayment, deposit), credit origination and account management, market risk value-at-risk (VaR), reserve and impairment (ALLL, CECL, FAS 114 TDR) and CCAR stress testing models. Before joining U.S. Bank Nick was an Economist with the International Monetary Fund (IMF) where he worked on IMF conditionality, the Euro Area crisis countries and macroeconomic forecasting and outcomes. He joined the IMF after leaving the Office of the Comptroller of the Currency (OCC) where he worked in compliance risk focusing on fair lending, anti-money laundering (AML), and Basel Pillar 1 A-IRB retail mortgage regulatory validation.
Nick has a PhD (ABD) in economics from American University, MA in economics from American University and dual BAs in both economics and political science magna cum laude with history and music minors from the University of Oklahoma.