Viktor Tsyrennikov

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Viktor Tsyrennikov

Senior Principal and Lead Expert for Modeling of Market Risk and Infrastructure

Viktor advises financial institutions on modeling and management of market risk and compliance. He has developed and reviewed stress-testing methodologies for large financial institutions managing tens of thousands of financial instruments. Viktor is also an expert on analyzing and modeling banks’ systemic risks. He authored the analysis of research on systemic footprint impact that was part of the winning systemically important financial institutions (SIFI) de-designation application. Viktor developed the internal methodology for review of fair-lending risks, which was used in the reviews of several national banks, including a large private bank.


Before joining Promontory, he served as an assistant professor of economics at Cornell University, and as a visiting assistant professor at New York University and the University of Zurich. He developed quantitative models and algorithms for designing optimal portfolios, modeling asset returns and trading volume, and conducted analyses of macroeconomic implications of financial regulations and restrictions. His work had been published in the leading statistical and economics journals. 

Viktor was also awarded an International Monetary Fund fellowship and worked as a resident scholar at the IMF. While at the IMF, he advised on the use of international capital controls and was a contributor to the IMF’s World Economic Outlook.


  • Ph.D., economics, New York University
  • M.A., economics, Kyiv School of Economics
  • M.S., management of information systems, Lviv National University 

Affiliations, Awards, and Civic Engagements

  • Fellow, International Monetary Fund
  • Fellow, MacCracken Program, New York University
  • Special Recognition as an Outstanding Referee, American Economic Review
  • Special Recognition for Contribution to Educational Excellency, Economic Education and Research Consortium

Representative Engagements

  • Authored the research on systemic impact that was part of the winning SIFI de-designation application by a large financial institution.
  • Led review of the existing stress-testing methodology and developed the enhanced stress-testing methodology for a large clearing house.
  • Led development of the methodology for constructing bank peer groups for purposes of mortgage lending analyses.
  • Led reviews focusing on FX stress testing, credit losses, and fair-lending risks.

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