Wenbiao Zhao is currently a Vice President in American Express where he is in charge of Economic Capital, and Basel II Retail and Wholesale Credit Risk and Operational Risk Model Validation group, Indiviudal (US consumer, Small Business, and International Market) Model Validation group, and ...more

Wenbiao Zhao is currently a Vice President in American Express where he is in charge of Economic Capital, and Basel II Retail and Wholesale Credit Risk and Operational Risk Model Validation group, Indiviudal (US consumer, Small Business, and International Market) Model Validation group, and Institutional model validation group (GCP, GMS, GNS, GTS, and EGG) in both india and new york. From 2005 to 2009, he led a team to develop American Express underwriting risk models, line models and pricing models. He is first one to develop first payment default models, emerging consumer models, student blue models, and charge youth models in Amex, and has lots of innovations in credit risk modeling side. Two of his representative innovations are "System and method for identifying targeted consumers using partial social security numbers" and "issuer level credit to gross". He successfully identified the expatriate from SSN and risk level information from issuer information, which dramatically improved risk assessments. During economic recession, he is the first one to propose and develop short term model adjustment methodologies in Amex which are later adopted by all Amex major risk scores across all business lines in Amex. Wenbiao contributes equally strongly to academy. He has published more than 30 papers, one online text book in statistical modeling, and two books in Chinese. Due to his outstanding research, he was recipient of 2005 William A. J. Golomski Award in applied statistics from IIE. Before he came to the States in 1999, wenbiao was the CIO of JinXin Trust and Investment Corporation, Shanghai, while he was leading 9 Groups in China (two groups in TianJin, one Group in Shenzhen, two Groups in Shanghai, and four groups in Zhejiang). Specialties: Retail and Wholesale Credit Risk Modeling Base II modeling Senior Leadership and R&D management in China Building and Leading Large Team and Business in Chinaless