Alvaro Fernandez ahead of his session at CeFPro's Stress Testing Week

Alvaro Fernandez

Sr Lead Validator & Head of Climate Risk Working Group CRMV


Measuring and integrating transition and physical risk into current stress tests


Alvaro holds a BSc in Physics and BSc in Mathematics at Universidad Complutense de Madrid (UCM). Afterwards, he completed a MSc in Medical Physics at San Diego State University (SDSU) and a MSc Thesis at University of California at San Diego (UCSD). He did research at UCSD for two years in applied physics (KBP – machine learning models) and also worked as a Teaching Associate at SDSU for two years. Later, he worked at Internal Validation Team of Banco Santander HQ as a credit analyst, gaining experience in several kind of credit risk models such as IFRS9, Stress Testing, Scoring, Machine Learning, IRB, PPNR. Nowadays, he is working as a Senior Lead validator at ING Wholesale Chapter (Credit Risk Model Validation) leading validation projects (IRB and IFRS9 wholesale models and also bankwide models such as Stress Testing and Economic Capital) and coordinate analysts in project team. Also, he is leading the Climate Risk Working Group at CRMV which is responsible of Climate Risk Stress Test Models, ESG ratings & Strategy, Regulation & Policies within Model Risk Management.