Rensselaer is America’s oldest technological research university, offering bachelor’s, master’s, and doctoral degrees in engineering, the sciences, information technology and web science, architecture, management, and the humanities, arts, and social sciences.

The university offers degrees from five schools: Engineering; Science; Architecture; Humanities, Arts, and Social Sciences; and the Lally School of Management; as well as an interdisciplinary degree in Information Technology and Web Science.

Rensselaer offers more than 145 programs at the bachelor’s, master’s, and doctoral levels. Students are encouraged to work in interdisciplinary programs that allow them to combine scholarly work from several departments or schools. The university provides rigorous, engaging, interactive learning environments and campus-wide opportunities for leadership, collaboration, and creativity.

Driven by talented, dedicated, and forward-thinking faculty, Rensselaer has dramatically expanded the research enterprise by leveraging our existing strengths and focusing on five signature research areas: biotechnology and the life sciences; energy and the environment; computational science and engineering; nanotechnology and advanced materials; and media, arts, science, and technology.

The Institute is especially well-known for its success in the transfer of technology from the laboratory to the marketplace so that new discoveries and inventions benefit human life, protect the environment, and strengthen economic development.

Rensselaer Polytechnic Institute

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Risk and risk management in the credit card industry

A Machine Learning Efficient Frontier

Bank loan renegotiation and credit default swaps

Consumer Defaults and Social Capital

Numerous international regulatory standards require the implementation of stress testing as a risk management tool. The Basel Committee on Banking Supervision (BCBS, 2009), a key international regulatory guidance on stress testing, recommends including stress tests in a bank’s overall risk management toolkit. However, it refrains from prescribing any particular stress-testing approach, thereby leaving banking institutions with broad discretion in choosing stress-testing methodologies.



Operational Risk: An Overview of Stress-testing Methodologies

Professor Clark's research focuses on financial intermediation and risk management with an emphasis on machine learning. He currently teaches several quantitative finance courses including Financial Computation and Simulation and Advanced AI/ML for Finance. 

Additionally, Clark has spent a decade working as a Senior Financial Economist with the US Office of the Comptroller of the Currency. 

Clark's work has been published in the Journal of Banking and Finance, Journal of Financial Stability, and Operations Research Letters.

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