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Decision, Risk, and Operations
BS, NYU, 1968; MPH, Columbia, 1974; PhD, 1978; MBA, 1986
Joined CBS in 2006
Professor Picoult is a Managing Director within Citigroup'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. He is also on several senior Citi risk governance committees.
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 IAQF (International Association for Quantitative Finance) and is co-head of the IAQF Credit Risk Committee. Since the mid-1990's he has worked very actively 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 regulatory 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 Physics Department, did post-doctoral research on visual perception and taught in Columbia's Psychology Department. After working at Citi for a few years he obtained an MBA from Columbia Business School's EMBA program.