David K.A. Mordecai
Board of Governors
RiskEcon® Decision Metrics Lab/New York University, Courant Institute of Mathematical Sciences & Stern Graduate School of Business
David K.A. Mordecai is President and co-founder of Risk Economics, Inc., a New York City based advisory firm, which specializes in the application of computational economics to the proprietary development and scalable implementation of robust modeling and data analytic frameworks for valuation, strategic and systemic risk analysis, and dynamic asset-liability management.
Since November 2013, he was appointed and continues to serve as the Scientist-in-Residence at FinTech Innovation Lab, an accelerator platform for early and growth stage technology firms, organized by The Partnership Fund for New York City, in conjunction with Accenture and a consortium of venture capital firms and global financial institutions.
He has served as an adjunct instructor of applied mathematics at Courant, as well as an Adjunct Professor and an active member of the working group for the NYU Center for Data Science (NYUCDS) at its inception. In this capacity, he mentors students across various NYU divisions, including Stern, Tisch ITP (Interactive Technology Masters Program) and NYU Tandon School of Engineering. In March 2014, he was appointed the Course Director to lead the NYUCDS Capstone graduate applied research program in its inaugural year (Fall 2014). He is also associated with the NYU Social Media and Political Participation Lab (SMaPP), an interdisciplinary collaboration that researches the relationships between social media and political behavior.
He earned a PhD with concentrations in Econometrics / Mathematical Statistics and Economics/Industrial Organization from the University of Chicago, and an MBA in Finance from the NYU Stern School of Business.
During his thirty-year tenure in the financial services industry, David has served as a Managing Director at Swiss Re, where he led Relative-Value Market Strategies, a quantitative economics and financial engineering function with the global mandate to develop firm-wide and industry standards, benchmarks and frameworks for the valuation and trading of exposures underlying long-dated life, health, medical and pension liabilities, as well as geopolitical risk. Prior to this, he served as Senior Advisor to the Head of Swiss Re Financial Services. Previously, at a multi-strategy hedge fund with $10 Billion of assets under management, he was Managing Director of Structured Products, responsible for $5 billion of CDO assets. Prior to his role as a hedge fund manager, he was Vice President of Financial Engineering / Principal Finance at AIG, and a Director at the rating agency Fitch. During the first decade of his career, he specialized in credit analysis and the origination, structuring, and trading of leveraged loans for non-recourse project finance and highly leveraged transactions involving corporations and financial institutions.
David has served as an advisor on systemic risk issues to the Federal Reserve, the International Monetary Fund (IMF), the US Treasury, and the Commodities and Futures Trading Commission (CFTC), and as an advisor on hedge fund valuation issues to the International Organization of Securities Commissions (IOSCO). He coauthored the second working paper published by the Treasury Department's Office of Financial Research, entitled Forging Best Practices in Risk Management. He has also been a member of the Investment Advisory Committee of the New York Mercantile Exchange (NYMEX).
David was the founding Editor-in-Chief of the Journal of Risk Finance (JRF ca.1999), a quarterly peer-reviewed research periodical, which addresses topics in financial risk intermediation. He remains a senior member of JRF's Advisory Board. David has served as a member of the board of directors of Scenic Hudson, one of the nation's three largest conservation organizations, and during his second term, co-chaired their Science Committee. He is also a member of the leadership council of Black Rock Forest Consortium, a 4,000-acre natural living laboratory for field-based scientific research and education, operated by a consortium of twenty-three colleges and universities, public and independent schools, and scientific and cultural institutions.