Professor Picoult is a Managing Director within Citi's Risk Management function. Over the last few years he has focused on firm-wide projects regarding Basel regulation in all its various forms, stress testing, and the enhancement of the measurement, implementation and use of Economic Capital. Dr. Picoult joined Citibank in 1980 in systems development, transferred to a trading desk in 1986 and has worked in internal risk management since 1988. He has led the development of the methods used at Citi for measuring market risk and counterparty credit risk. He is a frequent lecturer on risk topics at professional conferences, regulatory conferences, and universities. He has published a number of articles on risk topics in journals and in book anthologies. He is on the Advisory Board of the IAFE (International Association of Financial Engineers) and is co-head of the IAFE Credit Risk Committee. Since the mid-1990s he has very actively worked on Basel regulatory issues as a member of several trade associations' working groups, and was the North American co-chair of ISDA's (International Swap and Derivative Association) Risk Management Committee from the mid-1990s until 2010. He remains very active on ISDA and other trade association working groups. For several years, until 2008, he was also on the board of directors of the IACPM (International Association of Credit Portfolio Managers). Dr. Picoult has a Ph.D. in experimental particle physics from the Columbia's Physics Department, did post-doctoral research on visual perception and taught in Columbia's Psychology Department. After joining Citibank, he returned to Columbia part time to obtain an MBA.