Andrew Shaw

Education

M.A., physics, University of Oxford

Summary of Experience

Mr. Shaw has over 25 years of experience in complex financial and business risk management, and advises clients on cutting-edge valuation and risk issues in the fixed-income, FX, credit, equity, and commodity derivatives markets. His work has encompassed margin modeling, stress testing, value-at-risk (VaR), backtesting and benchmarking, model risk governance, and broader risk operations. Mr. Shaw has developed and validated numerous risk models and governance frameworks on behalf of central counterparties, banks, brokers, fintech vendors, and buy-side institutions. His clients at Links Risk Advisory, which he founded, have included the London Stock Exchange, Eurex, JPMorgan, UBS, and the London Metal Exchange, in addition to a range of international sell-side and buy-side institutions. Mr. Shaw has served as a testifying expert in litigation on issues including firms’ governance frameworks and risk management models, sell-side risk management for derivatives, and financial product optimization. Previously, he was the global head of counterparty credit risk management with Merrill Lynch, where he managed the trading desks for the Americas, Asia, Europe, Middle East, and Africa. He was responsible for all counterparty credit issues – including trading, structuring, and default work-outs – for the company’s fixed-income business. During the 2008 financial crisis, he introduced financial risk management methodology improvements at Merrill Lynch that later became industry standards. Additionally, Mr. Shaw has served as chief risk officer for a derivatives brokerage, vice president of the counterparty credit desks for JPMorgan and as a senior risk management analyst for the London Clearing House. Earlier in his career, he was a commissioned officer in the Royal Marines. Mr. Shaw is a regular lecturer at conferences on risk management, derivatives, and the financial markets.