Professor of Finance at the University of Sussex, Co-Editor of the Journal of Banking and Finance, Visiting Professor Peking University Business School
Carol has held the following positions in financial institutions: Fixed Income Trader at UBS/Phillips and Drew (UK); Academic Director of Algorithmics (Canada); Director of Nikko Global Holdings and Head of Market Risk Modeling (UK); Risk Research Advisor, SAS (USA). She also acts as an expert witness and consultant in financial modelling for banks, asset managers and exchanges. From 2010 – 2012 Carol was Chair of the Board of PRMIA (Professional Risk Manager’s International Association). From 1995 – 2004 she worked half-time as an academic and half-time in the finance industry. From 1985 – 1998 Carol was lecturer in Mathematics and Economics at the University of Sussex. From 1999 – 2012 she was Chair of Risk Management at the ICMA Centre, University of Reading. She returned to Sussex in 2012.
She publishes widely on a broad range of topics, including: volatility theory; option pricing and hedging; trading volatility; hedging with futures; alternative investments; random orthogonal matrix simulation; game theory and real options. Recent research is focussing on crypto assets and their derivatives, esp. microstructure and price discovery, innovations in blockchain protocol, P2P lending, and ICO crowdfunding and asset pricing. Carol has written and edited numerous books in mathematics and finance and published extensively in top-ranked international journals. Her four-volume textbook on Market Risk Analysis (Wileys, 2008) is the definitive guide to the subject. Her forthcoming book (with Douglas Cumming, FAU) is another Wiley text on Corruption and Fraud in Financial Markets.