David Tysk
Career highlights
TYSK Consulting
CEO and Founder: 2023 – present
VÍS
Chief Risk Officer and Director of Reinsurance, 2020 – 2023
Chief Risk Officer 2018 – 2020
Landsbankinn
Director of Credit Risk & Capital, 2014 – 2018
Director of Models & Analyses, 2011 – 2014
Director of Internal Models, 2010 – 2011
Nordea
Head of Group Internal Rating System,
Nordea: 2006 – 2009
Education
MSc, Engineering physics, KTH, 2004
BSc, Business administration, University of Stockholm, 2006
Portfolio of Work
- 20 years of experience from institutions under the supervision of various FSAs
- Of which 15 in managerial position, there of 5 as CRO at a listed insurance company
- Written and project managed ICAAP, P3, RSR, SFCR and ORSA reports
- Extensive experience in building and validating IRB and IFRS 9 ECL models
- Received IRB-approval in Denmark, Finland, Norway and Sweden as Head of Internal Rating System
- Built risk models across market and operational risk
- Produced and analyzed numerous credit, market, operational and insurance risk reports.
- Financial modelling, stress-testing & scenario analysis.
- Project manager of numerous project within risk, reporting and regulation: Basel II/III and IFRS 9.
- Committee member: Board Risk Co., Risk Co., Investment Co., Insurance Co.
- Developed & implemented risk frameworks in both credit institutions and insurance companies
- Developed & implemented risk strategy, risk appetite and economic capital models and frameworks
- Developed & implemented risk adjusted pricing and profitability as well as pre-approved limits for consumer lending
- Developed & implemented IFRS 9 ECL framework, including SICR.
- Interpreted regulatory texts: capital adequacy, credit, market, operational, ICT, liquidity, insurance risk.
- Educator on risk & regulatory matters to Boards and Executive Co. in private and listed companies
- Implemented operational risk frameworks including RCSA, incident reporting, KRI and internal controls
- Participated and lead numerous FSA-dialogues and interactions.
- Climate change risk assessment and scenario analysis
- ISO 27001 implementation and certification
- Developed a proprietary application tailored to improve operational risk management and risk culture.