Nicholas Kiritz

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+1 202 370 0401 direct
Washington, DC

Previous Experience

  • Head of model risk management, Fannie Mae
  • Head of economic capital, Fannie Mae
  • Head of economic capital, Constellation Energy
  • Co-head of market risk, Constellation Energy and Exelon Corp.
  • Senior financial economist, Office of the Comptroller of the Currency
  • Senior associate, McKinsey & Co.

Thought Leadership

  • Co-author, “Is Your Bank Ready for New Model Risk Guidance?” published by ABA Banking Journal, 2017
  • Speaker, “Model Risk Management: A Critical Foundation for Risk Organizations,” Mortgage Bankers Association’s Risk Management, QA & Fraud Prevention Forum, 2015
  • Moderator, “Seeking Financial Resilience,” Financial Risk Institute, Robert H. Smith School of Business, University of Maryland, 2014
  • Panelist, “Discovering Efficient Energy Portfolio Management Strategies in the Uncertain Economic Environment,” Energy Risk USA, 2013
  • Panelist, “Career in Risk — A Day in the Life of a Quant,” Financial Risk Institute, 2013
  • Co-author, “Risk Management Standards for Energy Market Participants,” published by the Committee of Chief Risk Officers, 2012
  • Co-author, Working Group of Commercial Energy Firms CFTC comment letter, “A VaR-Based Approach to Market Risk Capital Requirements,” 2011
  • Panelist, “Challenges in Model Governance and Validation,” The Wharton Financial Institutions Center and Oliver Wyman’s Tenth Anniversary Financial Risk Roundtable, 2007

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Nicholas Kiritz

Director and Lead Expert for Model Risk Management

Nick provides clients with guidance on model-risk governance and infrastructure.

Experience

Prior to joining Promontory, Nick served as a risk manager at Constellation Energy and Exelon, where he led market risk management for a large merchant generation fleet; helped manage risks related to electricity, fuel, interest rates, and foreign exchange; developed an economic-capital model; and shaped policy for market risk, trader control, liquidity risk, and model-risk management. Before his work in energy, he led development and management of Fannie Mae’s model governance and validation program and later led its economic-capital modeling group. While at the OCC, Nick led the quantitative portion of reviews of interest-rate risk, mortgage banking, and securitization. He also led development of the OCC’s first model for interest-rate risk and designed and oversaw the one-week program to train examiners in the model’s use. At McKinsey, he focused on financial services and worked on subprime credit, bank stress tests, financial crisis management, and strategic reviews for stock brokers and financial-infrastructure firms.

Education

  • M.B.A., finance, University of California, Berkeley
  • B.A., economics and development studies, University of California, Berkeley


Affiliations, Awards, and Civic Engagements

  • Member, CFA Institute
  • Member, Global Association of Risk Professionals
  • Founding board member, Financial Risk Institute
  • Recipient, Office of the Comptroller of the Currency Comptroller’s Award
  • Recipient, Fannie Mae Chairman’s Award
  • Chartered financial analyst, CFA Institute
  • Financial risk manager, GARP
  • Phi Beta Kappa, University of California, Berkeley
  • Departmental citation in economics, University of California, Berkeley
  • Board member, CFO, Aikido Shobukan Dojo 
  • Volunteer consultant, Prevent Human Trafficking


Representative Engagements


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