NORTHSTREET RISK CONSULTING

Michael Wynne-Jones has an Honors degree in Electronics and a PhD from the University of Edinburgh, UK, completed in 1994. He has been a UK Futures & Options Representative and Securities Representative, equivalent to US Series 3 & Series 7, and is currently following the CFA Institute curriculum covering corporate finance, accounting, financial statement analysis, economics, portfolio management & investment.

Beginning his career with Thorn EMI electronics, Michael worked on statistical pattern recognition using Neural Networks, which was the subject of his PhD thesis. He was a founder organiser of the Neural Computing Applications Forum, a technology transfer organisation, and a founder member of the editorial board of the Springer journal Neural Computing and Applications, and is a UK Chartered Engineer and member of the Institute of Engineering Technology (IET), formerly the Institution of Electrical Engineers (IEE).

Michael worked for 2 years at Sant Cassia Investment Management, where he was responsible for daily portfolio valuation and reporting to clients, and also participated in sales presentations to institutional investors.

He joined Sedgwick Reinsurance Brokers Ltd. in London in 1996, which later became part of Guy Carpenter, MMC Securities, and MMC Enterprise Risk. There he developed the analytial background for stop loss collar reinsurance, and the helped develop the analytics for a series of insurance linked securities, and worked on the analysis and marketing to insurers of a series of insurance linked securities. He became the leader of a team carrying out analysis of transactions using insurance to credit-enhance portoloios of long-term leases, before relocating to Seattle, WA, to join Guy Carpenter Instrat in 2001.

Michael worked on all aspects of the development of Guy Carpenter's flagship risk & capital model, MetaRisk®. He personally developed a spreadsheet compiler to allow flexible financial statements and BCAR (Best's Capital Adequacy Ratio) to be calculated on the fly within the legacy software platform, extending its life by up to two years while a replacement was developed. He led the requirements process for building US statutory and IFRS financial statements into the model, which were needed for US and Solvency II-compliant insurers. He later became product manager before leaving Guy Carpenter in 2009, with the software in a very mature state approaching version 5.0.

Michael joined the UK Financial Services Authority (FSA) in 2010, as internal model approval (IMAP) lead for 13 London market firms. He later focussed attention as joint technical lead on IMAP approval for Lloyd's, and for the UK-based P & I clubs.

Michael is the founding principal of Northstreet Risk Consulting LLC, currently living in the UK with artist and educator Isobel Coney, and three children.

Michael Wynne-Jones is an electronics engineer who graduated from Southampton University in the UK with Upper Second Class Honors in 1989. He carried out research in the emerging technology of Neural Networks while employed at Thorn EMI Central Research Laboratories, and seconded to the Research Initiative in Pattern Recognition hosted at RSRE in Malvern, UK, while using the research towards a PhD at the University of Edinburgh, completed in 1994.

Michael was a founder member, treasurer and organizer of the Neural Computing Applications Forum, a non-profit conference organization providing technology transfer for its members from academia to industry as neural networks and related statistical methods found their footing in engineering applications. He was a founder member of the editorial board of the Springer journal Neural Computing and Applications.

Michael became a full member of the UK Institution of Electrical Engineers in 1993, which later became the IET, the Institution of Engineering Technology. He is Chartered Engineer recognized by the Engineering Council of the United Kingdom.

On completion of his PhD he joined Sant Cassia Investment Management, a global macro hedge fund based in London, where he handled daily portfolio valuation and reporting to clients, marketing, and helped with sales presentations to institutional investors. He also became registered as a Futures & Options Representative registered with the UK financial regulator, equivalent to US CFTC Series 3.

He joined Sedgwick Reinsurance Strategy Group in London in 1996, which later became part of Guy Carpenter, Marsh & McLennen Securities Corporation, and MMC Enterprise Risk. There he worked on the analytical background for stop loss collar reinsuance, where a share in profitable years was traded for protection in loss-making years, developed an index based on Lloyd’s Global Results, and worked on the analysis and marketing to insurers of a series of insurance linked securities. He became a Securities Representative in addition to being a futures & Options Representative, equivalent to US Series 7.

Working on a series of transactions using insurance to credit-enhance portfolios of long-term leases, he became the leader of the transaction analytics team at MMC Enterprise Risk in London, before relocating to Seattle, WA, to join Guy Carpenter Instrat in 2001.

Michael joined the team leading the re-design and re-platforming of Guy Carpenter’s flagship MetaRisk® actuarial analysis software. Over a period of eight years he developed software, investigated and wrote requirements, helped to define and helped communicate requirements to developers. He personally designed and built a spreadsheet compiler to build financial statement calculations on the fly into the legacy MetaRisk application, buying up to two years' extension of its life while the replacement was developed. He led the requirements process for building US statutory and IFRS financial statements into the model, which were needed for US and Solvency II-compliant insurers. He later became product manager before leaving Guy Carpenter in 2009, with the software in a very mature state approaching version 5.0.

Michael is the founding principal of Northstreet Risk Consulting LLC. He is extending his education by following the CFA curriculum covering corporate finance, accounting, financial statement analysis, economics, portfolio management & investment., and lives on Bainbridge Island, WA, with artist and educator Isobel Coney, and three children.