David serves as President of Quaternion Risk Management (US) Inc. based in New York where he is responsible for client relationships, product development and strategic partnerships. Over his career as a capital markets banker and institutional investor he has managed new business platforms at several of the world’s largest global banks and asset managers, with specialized experience in structured finance. He holds a Masters Degree from Harvard Business School and a BA in Political Economy from Williams College. He is a member of the Council on Foreign Relations and serves on the Advisory Board of the Center for Global Thought at Columbia University.
Joined Quaternion in May 2016 from the Irish Government (Department of Finance) where he had been, since July 2011, Assistant Secretary General. He had worked on the Troika programme and financial stability, initiated the IFS2020 strategy and represented Ireland on regional FSB committees. He was previously head of Fixed Income and Solutions for Ireland at UBS Investment Bank in London, CEO of Wells Fargo Bank International and the MD of Rhinebridge plc, a London-based SIV. He studied law at Trinity College Dublin and the London School of Economics and holds a MBA from London Business School.
Scott is a finance and risk professional specializing in capital planning, stress testing, and model development at large US banks. He advises financial institutions on risk management and regulatory compliance matters, helping clients accelerate model development and achieve high-value institutional objectives.
Scott has extensive experience meeting Dodd Frank deliverables and managing regulatory relationships with the Federal Reserve and OCC. Prior to Quaternion, Scott was Vice President of Capital Management at Santander Holdings USA in Boston, where he coordinated annual CCAR submissions, reported capital adequacy and allocation metrics to the Board, and created capital optimization strategies for Intermediate Holding Company (IHC) consolidation. Prior to Santander, Scott worked at Citigroup in New York, where he managed market risk stress testing and scenario development across several CCAR submissions. While at Citi, he directly supported methodological enhancements to the firm’s Economic Capital model, and led the implementation of a firm-wide SFT stress testing framework to fulfill the Federal Reserve’s first ever Counterparty Default Scenario requirement in 2013.
Scott is an alumnus of Citi’s Global Risk Analyst Program, where experience in both the Trading Book and Banking Book have provided him with valuable first-hand experience overseeing and implementing Basel II/III risk management concepts. He holds a B.A. in Mathematics and Economics with Honors from Williams College.