RiskLab

Last updated
RiskLab
Founded1994
TypeResearch Laboratory
FocusFinancial risk management
Location
OriginsEidgenössische Technische Hochschule Zürich, Zurich, Switzerland
Area served
Worldwide
Key people
Luis A. Seco, Director

RiskLab is a laboratory that conducts research in financial risk management.

Contents

The first RiskLab was created in 1994 at Eidgenössische Technische Hochschule Zürich in Zurich, Switzerland. The ethos of all existing RiskLabs is a fusion of academic research, industrial innovation and governmental oversight in financial risk management.

In 1996, another RiskLab was created independently at the University of Toronto, this time sponsored by the private company Algorithmics Incorporated. [1]

Shortly afterwards, and also in partnership with Algorithmics Inc, other RiskLabs were created in Munich (1997), at Cornell University (1998), at University of Cambridge (1998), at the Universidad Autonoma de Madrid (2000),Cyprus International Institute of Management in Nicosia (2001), and Florida International University (2023).

In 2005, RiskLab Toronto, [2] a divisional center at the University of Toronto, was featured in Research Means Business, [3] a directory of "cutting-edge research leading to industrial innovation and the creation of new business enterprises" published by the Natural Sciences and Engineering Research Council of Canada (NSERC).

Risklab China Research Center was also created in 2006.

In October 2007, RiskLab was the NSERC Synergy Award for Innovation. The award was delivered by Dr. Colin Carrie, Parliamentary Secretary to the Minister of Industry, on behalf of the Honourable Jim Prentice, Minister of Industry and Minister responsible for the Natural Sciences and Engineering Research Council of Canada (NSERC), and by Dr. Suzanne Fortier, President of NSERC.

In 2010, growing out of the RiskLab international network, RiskLabs built the strategic alliance named RiskLab Global.

In 2013, a Finnish section of Risklab was independently created at Åbo Akademi University in Turku and Arcada University of Applied Sciences in Helsinki.

In 2022, the Miami Chapter of RiskLab was created at Florida International University. This chapter focuses on cutting-edge research leading to industrial innovation and the collaboration with business enterprises. They focus on providing their students with knowledge for resumes and interviews preparations, while finding information about internships and experience from people that are directly working in the industry.


RiskLab Australia at CSIRO's Data61 was launched in 2015, based in Melbourne. RiskLab Australia at CSIRO's Data61 is a multi-disciplinary R&D centre for developing the latest methodologies and technologies in actuarial sciences, econometrics, applied math and statistics as well as financial mathematics.

Global organization structure

RiskLab Toronto, Canada Chapter, Headquarter Institution: University of Toronto, Toronto Metropolitan University

Members:

Related Research Articles

<span class="mw-page-title-main">Stephen Cook</span> American-Canadian computer scientist, contributor to complexity theory

Stephen Arthur Cook is an American-Canadian computer scientist and mathematician who has made significant contributions to the fields of complexity theory and proof complexity. He is a university professor emeritus at the University of Toronto, Department of Computer Science and Department of Mathematics.

<span class="mw-page-title-main">Natural Sciences and Engineering Research Council</span> Agency of the Government of Canada

The Natural Sciences and Engineering Research Council of Canada is the major federal agency responsible for funding natural sciences and engineering research in Canada. NSERC directly funds university professors and students as well as Canadian companies to perform research and training. With funding from the Government of Canada, NSERC supports the research of over 41,000 students, trainees and professors at universities and colleges in Canada with an annual budget of CA$1.1 billion in 2015. Its current director is Alejandro Adem.

<span class="mw-page-title-main">NICTA</span>

NICTA was Australia's Information and Communications Technology (ICT) Research Centre of Excellence and is now known as CSIRO's Data61. The term "Centre of Excellence" is common marketing terminology used by some Australian government organisations for titles of science research groups. NICTA's role was to pursue potentially economically significant ICT related research for the Australian economy.

<span class="mw-page-title-main">Timothy M. Chan</span> Canadian computer scientist

Timothy Moon-Yew Chan is a Founder Professor in the Department of Computer Science at the University of Illinois at Urbana–Champaign. He was formerly Professor and University Research Chair in the David R. Cheriton School of Computer Science, University of Waterloo, Canada.

David H. Dolphin, is a Canadian biochemist.

Expenditures by Canadian universities on scientific research and development accounted for about 40% of all spending on scientific research and development in Canada in 2006.

Shana O. Kelley is a scientist and Neena B. Schwartz Professor of Chemistry and Biomedical Engineering at Northwestern University. She is affiliated with Northwestern's International Institute for Nanotechnology and was previously part of the University of Toronto's Faculty of Pharmacy and Faculty of Medicine. Kelley's research includes the development of new technologies for clinical diagnostics and drug delivery. In 2023, she was chosen as president of Chicago's new Chan Zuckerberg Biohub.

The UBC Computer Science department at the University of British Columbia was established in May 1968. UBC CS is located at the UBC Point Grey campus in Vancouver, British Columbia, Canada. As of September 2022, it has 65 faculty, 62 staff, 248 graduate students, and 2,763 undergraduates.

<span class="mw-page-title-main">Fred W. Glover</span> American computer scientist

Fred Glover is Chief Scientific Officer of Entanglement, Inc., USA, in charge of algorithmic design and strategic planning for applications of combinatorial optimization in quantum computing. He also holds the title of Distinguished University Professor, Emeritus, at the University of Colorado, Boulder, associated with the College of Engineering and Applied Science and the Leeds School of Business. He is known for his innovations in the area of metaheuristics including the computer-based optimization methodology of Tabu search an adaptive memory programming algorithm for mathematical optimization, and the associated evolutionary Scatter Search and Path Relinking algorithms.

Hossein Rahnama is a Canadian computer scientist, specialising in ubiquitous and pervasive computing. His research explores artificial intelligence, mobile human-computer interaction, and the effective design of contextual services. In 2017, Rahnama was included in Caldwell Partners' list of "Canada’s Top 40 Under 40". In 2012, he was recognized by the MIT Technology Review as one of the world’s top innovators under the age of 35 for his research in context-aware computing. The Smithsonian named Rahnama as one of the top six innovators to watch in 2013. Rahnama has 30 publications and 10 patents in ubiquitous computing, serves on the board of Canadian Science Publishing, and was a Council Member of the National Sciences and Engineering Research Council (NSERC). Rahnama is also a visiting scholar at the Human Dynamics group at MIT Media Lab in Cambridge, MA. He has a PhD in Computer Science from Ryerson University. Rahmnama is an associate professor in Toronto Metropolitan University's RTA School of Media and Director of Research & Innovation at the university's Digital Media Zone.

Sheelagh Carpendale is a Canadian artist and computer scientist working in the field of information visualization and human-computer interaction.

Wilfred Keith Hastings was a Canadian statistician. He was noted for his contribution to the Metropolis–Hastings algorithm, the most commonly used Markov chain Monte Carlo method (MCMC).

Brendan John Frey FRSC is a Canadian-born entrepreneur, engineer and scientist. He is Founder and CEO of Deep Genomics, Cofounder of the Vector Institute for Artificial Intelligence and Professor of Engineering and Medicine at the University of Toronto. Frey is a pioneer in the development of machine learning and artificial intelligence methods, their use in accurately determining the consequences of genetic mutations, and in designing medications that can slow, stop or reverse the progression of disease.

<span class="mw-page-title-main">Raquel Urtasun</span> Spanish scientist

Raquel Urtasun is a professor at the University of Toronto. Urtasun uses artificial intelligence, particularly deep learning, to make vehicles and other machines perceive the world more accurately and efficiently.

<span class="mw-page-title-main">Luis A. Seco</span> Director of RiskLab

Luis A. Seco is a Spanish economist and mathematician is the director of Canadian based RiskLab, a global-based laboratory headquartered in Toronto that conducts research in financial risk management. Seco is also president and CEO of Sigma Analysis & Management Ltd.

Claire Deschênes is a Canadian mechanical engineer, an engineering professor at the Department of Mechanical Engineering Université Laval, and a member of the Order of Canada. She is the first female professor of engineering at the Faculty of Science and Engineering at Laval University, and is an expert in hydraulic turbine technology, hydrodynamics, and fluid mechanics.

Jane Marie Heffernan is a Canadian mathematician. Her research focuses on understanding the spread and persistence of infectious diseases. She is a full professor at York University and a Tier 2 York Research Chair in Multi-Scale Quantitative Methods for Evidence-Based Health Policy. She is the director of the Centre for Disease Modelling, and is on the board of directors of the Canadian Applied and Industrial Mathematics Society.

<span class="mw-page-title-main">Mark Giesbrecht</span> Canadian computer scientist

Mark Giesbrecht is a Canadian computer scientist who is the 12th dean of the University of Waterloo’s Faculty of Mathematics, starting from July 1, 2020. He was the Director of the David R. Cheriton School of Computer Science at the University of Waterloo, Canada from July 2014 until June 2020.

<span class="mw-page-title-main">Joseph C. Paradi</span> Canadian academic

Joseph C. Paradi is a senior professor of Chemical Engineering at the University of Toronto. Paradi is the founder and executive director of the Centre for Management of Technology and Entrepreneurship. He is also a chair holder in Information Engineering, Department of Chemical Engineering and Applied Chemistry.

Aaron R. Wheeler is a Canadian chemist who is a professor of chemistry and biomedical engineering at the University of Toronto since 2005 with cross-appointment at Institute of Biomedical Engineering and Terrence Donnelly Centre for Cellular and Biomolecular Research. His academic laboratory is located at Lash Miller Chemical Laboratories and Terrence Donnelly Centre for Cellular and Biomolecular Research at the University of Toronto. In 2005, Wheeler was appointed as assistant professor and Tier II Canada Research Chair then promoted to associate professor in 2010, full professor in 2013, and in 2018 he became the Tier I Canada Research Chair in Microfluidic Bioanalysis.

References

  1. Press Announcement by Algorithmics Inc Link
  2. List of Centres, Institutes & Labs at the University of Toronto
  3. NSERC Research Means Business, Natural Sciences and Engineering Research Council of Canada (2005).
  4. Luis A. Seco
  5. Mathematical Finance Program
  6. Marcos Escobar, Marcos Escobar Añel
  7. Pablo Olivares
  8. Sebastian Ferrando