- Dudley Nicholls
- Risk consultant, specialist with 30 years’ experience in the global banking and finance industry
- Risk Reward Limited
Dudley Nicholls, BSc ACA is an international banker and distinguished financial services risk specialist with 30 years’ experience in the global banking and finance industry. He is currently a Risk Consultant for Risk Reward Limited as well as holding non-executive director roles.
Most recently he was Group Chief Financial Officer for Virtu Financial Inc, a US based organisation which is the largest independent electronic broker dealer and market maker in the world.
Prior to this, he was Global Head of Quantitative Risk and Risk Technology at KCG Holdings, Virtus predecessor having started with the firm as the Chief Risk Officer for KCG Europe / Knight Capital Europe.
He held senior market risk roles at ABN AMRO and ANZ Bank having had experience of asset swap and derivative trading with Nippon Credit. A qualified Chartered Accountant his first finance role was with J P Morgan where he worked on derivative accounting.
As Chief Risk Officer at Virtu Financial, Dudley was responsible for the independent oversight of all risks including Market Risk, Operational and Technology Risk, Credit Risk and Liquidity Risk. Reporting into the main board of Directors he was also responsible for liaising with regulators globally including the US.
Specific areas of expertise include:
• Market Risk modelling
• Risk systems development
o He designed and oversaw the implementation of the KCG, now Virtu, real time Market Risk and P/L system. A model using factors to disseminate risk and allocate P/L to risk drivers.
• Technology Risk
• Operational Risk
• Liquidity Risk Management
• Trading Credit Risk
• Global Financial Markets and regulations
Dudley is a Chartered Accountant (ACA) and holds an advanced degree in Mathematical Economics from the University of Birmingham, UK.