Dr Frederick Shen

Head Global Treasury Business Management
Oversea-Chinese Banking Corporation Limited

IBF Fellow (2018)

Risk Management

"Risk management is both an art and a science. Though risk can be quantified, effective risk management needs to be supplemented by good qualitative controls, both preventive and detective."

Biography

​Dr Frederick Shen is Head of Business Management for Global Treasury (GT) at OCBC Bank and a member of the GT senior management team covering the Bank's trading, sales and asset-liability businesses across global financial markets. He leads teams in both "Change the Bank" and "Run the Bank" capacities. His responsibilities include strengthening and enhancing the infrastructure and processes to tackle the increasing regulatory and risk requirements, while enabling the treasury and markets business for strategic growth across global financial markets. He champions the treasury and markets fintech strategy, focusing on new and innovative technologies and fintech solutions to deliver treasury and markets products to clients and to enhance productivity and efficiencies within the organisation.  Dr Shen re-joined OCBC in mid-2013 from Emirates NBD, Dubai, UAE. Prior to the Middle East assignment, he was with OCBC Bank Market Risk for more than three years.

Dr Shen was a Professor of Finance at the University of Waterloo, Canada, before joining Royal Bank of Canada to head the global risk oversight of RBC Capital Markets financial engineering trading group. He has over 25 years of international experience in the banking and insurance industry, spanning North America, Middle East and Asia. His extensive experience includes leadership positions at various major financial institutions, including Bank of Montreal and Manulife Financial Corporation, and encompasses a variety of specialisations, such as structured credit and real-asset securitisations, economic capital, model analytics, asset management and life insurance asset and liability management. ​

Dr Shen earned a PhD in Financial Economics and has published in academic and practitioner finance journals, such as Journal of Banking and Finance and Canadian Derivatives Strategies, and is cited in various other print media. He is frequently called upon to share his subject matter expertise in financial industry  and regulatory forums, workshops and conferences such as those organised by AsiaRisk, RiskMinds, Asian Banker and ISDA.