Team

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.