CRA is pleased to announce that Viktor Tsyrennikov has joined the company as a vice president in the Financial Economics Practice.
“I am pleased to welcome Viktor to the CRA team,” said CRA President and Chief Executive Officer Paul Maleh. “He is an accomplished PhD economist and trusted advisor to financial institutions, with extensive experience in solving complex risk management and addressing regulatory challenges.”
“Viktor has a proven track record in developing next-generation business-decision and risk-management systems, based on advanced statistics and AI, leveraging his deep expertise in financial markets, regulation, and analytics. With years of experience spanning industry, policy, and academia, he offers a unique perspective that combines high-level strategic thinking with hands-on management expertise,” said Marsha Courchane, CRA Vice President and leader of the Financial Economics Practice.
Prior to joining CRA, Dr. Tsyrennikov was the head of quantitative services and analytics at a global consulting firm where he advised financial institutions with a focus on quantitative risk management and analytics. While there, he led a multidisciplinary team advising large banks regarding the Basel III reforms, stress testing, model risk, and the development of AI use cases in finance.
Dr. Tsyrennikov was previously a resident scholar at the International Monetary Fund (IMF), where he advised the IMF’s chief economist on the regulation of international capital flows, international debt restructuring, and macroeconomic response to oil shocks. Prior to that, he was an assistant professor of economics at Cornell University.
Dr. Tsyrennikov has a PhD in Economics from New York University, an MA in Economics from the Kyiv School of Economics, and an MA in Information Systems Management from the National University of Lviv.
About CRA’s Financial Economics Practice
With years of experience as academics, bankers and consultants, members of CRA’s Financial Economics Practice have been retained as consulting and testifying experts by financial institutions and law firms in a wide variety of regulatory and litigation matters related to consumer lending, including fair lending compliance, credit risk, credit scoring, mortgage and home equity lending, automobile lending, credit card lending, and unsecured personal lending, among others. In particular, members of our Financial Economics team have experience developing and validating risk models and testing them for potential fair lending disparate impact risk. CRA has advised and provided fair lending assessments of custom credit scoring and fintech lenders and has assisted lenders in responding to regulator concerns regarding the potential disparate impact risk of credit scoring systems.
