Yanwen Shang is currently a Director at Citi's cross-asset in-business risk team, responsible for monitoring market risk and improving risk monitoring and reporting process at the first line of defence. Prior to joining the in-business risk team, he has led the model developments in counterparty credit risk and wholesale capital in the Enterprise Risk Management, covering model development, implementation, and system integration for capital-based stress loss limits and economic risk capital calculation. He has worked in the firm as a quantitative model developer for over ten years with extensive experiences in a range of products and risk types.
Prior to joining the financial industry, Yanwen had worked as a research scientist in theoretical physics focusing on the most fundamental questions about the structure of our universe, ranging from chiral symmetry breaking at the smallest scale to the modification of gravitational theory and the acceleration of the cosmic expansion at the largest scale. He holds a Ph.D. in theoretical physics from NYU. The training and research experience in theoretical physics allowed Yanwen to build a solid knowledge base in advanced mathematics and to acquire the outstanding quantitative analysis and problem-solving capabilities, which enabled him to succeed in the financial industry.