Akhtar Siddique is the deputy director of the Enterprise Risk Analysis Division of the US Office of the Comptroller of the Currency (OCC).
Dr. Siddique has worked at the OCC since 2003. In addition to management duties in the division, Akhtar directly participates in examinations and intra- and interagency supervisory, capital rules, and policy initiatives. Over the years, these have spanned stress testing, economic capital, valuation issues, ALLL, counter party credit risk, interest rate risk, trading and asset-management. He has represented the OCC on the Risk Measurement Group and Interaction of Market and Credit Risk Group of the Basel Committee on Banking Supervision. He has also represented the OCC on drafting of U.S. interagency rules and guidances relating to stress testing, Pillar 2, etc.
His research has spanned financial econometrics, asset pricing, corporate finance/accounting and numerical methods/optimization. He has authored several papers published in peer-reviewed journals including the Journal of Finance, the Review of Financial Studies, Management Science, Journal of Accounting Research, Naval Research Logistics, etc. Most recently he co-edited a book Stress Testing: Approaches, Methods and Applications (Risk Books, 2013).
He holds a PhD in Finance from Duke University and taught finance at Georgetown University prior to joining the OCC.
“Partial equilibrium in risk-based production decisions,” (with Bardia Kamrad and Ricardo Ernst) Naval Research Logistics, 59, 1-17, 2012.
“A Reexamination of the Tradeoff Between the Future Benefit and Riskiness of R&D,” (with Allan Eberhart and William Maxwell), Journal of Accounting Research, March 2008.
“Does the Stock Market Underreact to R&D Increases?” (with Allan Eberhart and William Maxwell), Journal of Investment Management, 3, 1-15, 2005.
“A Valuation Framework for Advertising and Pricing Policies Under Stochasticity of Innovation Diffusion,” (with Bardia Kamrad, Shri Lele, and Robert Thomas), European Journal of Operations Research, 164, 829-850, 2005.
“An Examination of Long-Term Abnormal Stock Return and Operating Performance Following R&D Increases,” (with Allan Eberhart and William Maxwell), Journal of Finance, 59, 623-650, 2004.
“Estimation Risk, Complexity and Portfolio Selection: How Much do Investors Lose,” (with Iftekhar Hasan and Yusif Simaan), Research in Banking and Finance, 4, 363-399, 2004.