Dr. Susan Mangiero is a CFA charterholder, certified Financial Risk Manager and Accredited Investment Fiduciary Analyst™. She offers independent risk management and valuation consulting and training. She has provided testimony before the ERISA Advisory Council, the OECD and the ... more
Dr. Susan Mangiero is a CFA charterholder, certified Financial Risk Manager and Accredited Investment Fiduciary Analyst™. She offers independent risk management and valuation consulting and training. She has provided testimony before the ERISA Advisory Council, the OECD and the International Organization of Pension Supervisors. Dr. Mangiero has served as an expert witness as well as offering behind-the-scenes forensic analysis, calculation of damages and rebuttal report commentary. She has over twenty years of experience in capital markets, global treasury, asset-liability management, portfolio management, economic and investment analysis, derivatives, financial risk control and valuation, including work on trading desks for several global banks, in the areas of fixed income, foreign exchange, interest rate and currency swaps, futures and options.
Dr. Mangiero has provided advice about risk management for a wide variety of consulting clients and employers including General Electric, PriceWaterhouseCoopers, Mesirow Financial, Bankers Trust, Bank of America, Chilean pension supervisory, World Bank, Pension Benefit Guaranty Corporation, RiskMetrics, U.S. Department of Labor, Northern Trust Company and the U.S. Securities and Exchange Commission.
Dr. Mangiero is the author of Risk Management for Pensions, Endowments and Foundations (John Wiley & Sons, 2005), a primer on risk and valuation issues, with an emphasis on fiduciary responsibility and best practices. Her articles have appeared in Expert Alert (American Bar Association, Section of Litigation), Hedge Fund Review, Investment Lawyer, Valuation Strategies, RISK Magazine, Financial Services Review, Journal of Indexes, Family Foundation Advisor, Hedgeco.net, Expert Evidence Report, Bankers Magazine and the Journal of Compensation and Benefits. Dr. Mangiero has written chapters for several books, including the Litigation Services Handbook and The Handbook of Interest Rate Risk Management.
Dr. Mangiero is authoring a second book on risk management and is editing a book on 401(k) plan governance. In addition to her contributions to www.goodriskgovernancepays.com, Dr. Mangiero contributes to a popular award-winning and syndicated blog for pension executives and their attorneys, www.pensionriskmatters.com. She is a frequently invited speaker and has keynoted or led workshops for organizations such as the Stable Value Investment Association, Harvard Law School, Florida Public Pension Trustees Association, New York State Department of Insurance, Association of Public Pension Auditors, AICPA - Employee Benefits Section, National Association of Corporate Directors and Financial Executives International.
She has created and/or taught risk management workshops and courses about derivatives valuation, asset-liability management, hedging and hedge funds for organizations such as the Global Association of Risk Professionals, National School of Banking, Heckerling Institute on Estate Planning, Practicing Law Institute, Association for Financial Professionals, New York Bar Association, New York State Society of CPAs, National Association of Certified Valuation Analysts, American Society of Appraisers, AICPA, Financial Planners Association and the New York Society of Security Analysts.
Send an email to contact@fiduciaryleadership.com to request a copy of Dr. Susan Mangiero’s resume, expert witness record and/or a compilation of her investment risk governance thought leadership work.
lessManaging Director | |
Fiduciary Leadership, LLC | |
July 2003 - Present (19 years 3 months) | |
Dr. Susan Mangiero, CFA, FRM works with institutional investors and their attorneys, auditors, financial advisors and asset managers. Services include: • Investment best practices research and analysis; • Asset-liability and risk management procedural prudence analysis; * Valuation opinions and model testing; • White papers, articles and books about investment risk governance; • Expert witness testimony; • Keynote speeches and presentations. |
Managing Director | |
FTI Consulting | |
January 2012 - January 2013 (1 year 1 month) | |
Susan Mangiero, PhD, CFA, FRM served as project leader and/or expert in rendering litigation, forensic, compliance and/or investigative due diligence assistance to asset managers, institutional investors and their attorneys or regulatory authorities |
Expert | |
U.S. Department of Labor | |
2007 - 2011 (4 years 6 months) | |
Created and led workshops about derivatives and hedge fund and private equity fund risk management and valuation. Served as expert regarding enforcement tied to investment, risk and valuation issues with engagements varying over time. |
Founder and President | |
Investment Governance, Inc. | |
February 2005 - September 2010 (5 years 8 months) | |
Investment Governance, Inc. is an independent research and analysis company that focuses on benefit plan related investment risk, corporate strategy, valuation and accounting issues, with the fiduciary perspective in mind. |
Founder | |
GSM Associates, LLC | |
2001 - 2003 (2 years 6 months) | |
Developed training materials and led on-site executive training for investment bankers, auditors, attorneys and financial analysts as instructor for New York Institute of Finance, Stalla Review, Schweser Study Program® and MTA Global. |
Carnegie Mellon University - Tepper School of Business | |
Post Grad | |
1998 / 1999 | |
Computational Finance |
The University of Connecticut School of Business | |
Ph.D. | |
1989 / 1997 | |
Finance, Math |
New York University - Leonard N. Stern School of Business | |
MBA | |
1984 / 1988 | |
Finance |
The George Washington University | |
M.A. | |
1977 / 1980 | |
Economics |
George Mason University | |
B.A. | |
1974 / 1977 | |
Economics |
Pension Plans: The $20 Trillion Elephant in the (Valuation) Room | |
Susan Mangiero | |
Business Valuation Resources | |
07/01/2013 | |
Company pension plans are ticking time bombs that could have a devastating impact on enterprise value. Massive underfunding, along with complicated plan economics, makes it crucial for appraisers and investors to have a solid grasp of the ins and outs of these plans and their potential consequences on value. This article examines why appraisers, private equity funds, lenders and corporate buyers need to understand the relationship between retirement plan liabilities and enterprise value. |
Working Effectively With A Financial Expert Witness | |
Susan Mangiero | |
American Bar Association | |
06/01/2008 | |
"Working Effectively With A Financial Expert Witness" describes the role of a financial expert as someone who is hired to render analytical clarity and assist the trier of facts. This articles discusses enhancements in the area of budget-setting, clear communications and data integrity. |
Risk Management for Pensions, Endowments, and Foundations | |
Susan Mangiero | |
Wiley | |
11/01/2004 | |
Tighter financial regulations, business scandals, investment losses, shareholder lawsuits, and market volatility have put fiduciaries, and their advisors, in the spotlight like never before. This is especially true for pensions, endowments, and foundations that collectively control trillions of dollars in assets on behalf of beneficiaries. To manage the financial risk, those involved in or affected by endowment, foundation, and pension fund investment decision-making must have a firm understanding of performance assessment basics, derivative instruments, and risk measurement and control techniques. Risk Management for Pensions, Endowments, and Foundations is a nontechnical primer that offers intuitive and straightforward information about risk management for plan sponsors, trustees, board members, regulators, auditors, attorneys, consultants, financial analysts, beneficiaries, fundraisers, journalists, grant-makers, and investor relations specialists. |
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