Professor of Finance at the University of Sussex
Managing Editor of the Journal of Banking and Finance
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 in the Henley Business School at Reading. 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.
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.
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. She 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.