The Rensselaer Lally School of Management has announced that two of its Master of Science in Quantitative Finance and Risk Analytics (QFRA) students, Haochen Liu ’17 and Runzu Wang ’16, have been awarded the Spring 2016 Global Association of Risk Professionals (GARP) Research Fellowship of $3,000 each.
Liu and Wang were awarded the GARP Research Fellowship based on their research proposals on addressing the risk culture challenge in banking using text analytics, and studying the risk dependencies and interactions in the domestic and global energy markets, respectively, which are both pressing global risk assessment and management issues.
The Lally QFRA students will carry out research in this area during the fellowship under the supervision of Aparna Gupta, associate professor and director of the M.S. in Quantitative Finance and Risk Analytics Program at Lally. When the research is completed, they will be invited to make a presentation to a GARP audience, as well as write a peer-reviewed paper based on their research.
“These students have worked very hard to earn this great opportunity through the fellowship from GARP, a very prestigious financial institution,” said Gupta. “The fellowship not only complements the work they have been doing in their QFRA graduate program, but gives them even greater experience with financial research and improves their future career opportunities in this growing and ever-changing field.”
These student accolades reflect the commitment of Rensselaer to provide its students connections to global challenge-linked research—impactful and interdisciplinary research focused on complex global challenges including biotechnology, infrastructure and built environments, and web science, social, and cognitive networks, an integral part of The New Polytechnic.
For more information about GARP, visit their website, or if you would like to know more about the Lally School of Management Master of Science in Quantitative Finance and Risk Analytics (QFRA) students, visit their website.