Michael Leibrock serves as Managing Director, Credit and Systemic Risk as part of
DTCC’s Financial and Operational Risk Management division with primary oversight
for the Counterparty Credit Risk and Systemic Risk functions. He is responsible for
the analysis, approval and ongoing credit surveillance for all members of DTCC’s
clearing agencies. Michael is also responsible for the identification and monitoring of
potential systemic threats to DTCC and the securities industry, actively engaging with
DTCC clients and regulators on systemic risk topics and producing periodic thought
leadership content. In addition, Michael serves as co-chair of DTCC’s Systemic Risk
Council and is a voting member of DTCC’s Management Risk Committee, Enterprise
Stress Testing Committee and Model Risk Governance Committee.
Having joined DTCC in 2011, Michael has over 30 years’ experience in risk
management. He has held senior risk management roles at several firms, including
Chief Counterparty Risk Officer at Fannie Mae and North American Head of Financial
Institutions Credit for Commerzbank A.G.
Michael holds a Doctorate in Finance and International Economics from Pace
University’s Lubin School of Business and a M.B.A. in Finance from Fordham
University. He is a Lecturer in Columbia University’s M.S. program in Enterprise Risk
Management and co-author of a 2017 book titled “Understanding Systemic Risk in
Global Financial Markets” (Wiley Finance).
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