Dr Eleimon Gonis

• Qualifications:BSc (Hons), PGCE (HE), MSc, PhD, FHEA, MCICM
• Position:Associate Lecturer in Finance
• Department:FBL - Accounting, Economics and Finance
• Telephone:+441173287492
• Email:Eleimon2.Gonis@uwe.ac.uk
• Social media:

About me

Hi everyone and welcome to my corner of the UWE world! I have been involved with UWE in one capacity or other for over 20 years and I absolutely love it! I am currently an Associate Lecturer in Accounting, Finance and Economics. 

I have quite a varied background. I have been a full-time academic (Senior Lecturer), a consultant (with one of the big 4), a regulator (working for the Prudential Regulation Authority - PRA) and a banking professional. 

I am currently the Head of Independent Model Validation at Virgin Money. My role involves leading a team of 35 validation and assurance professionals in overseeing the model estate and model-related controls of the bank. Specifically, my team and I are responsible for ensuring that models (and methods) are fit for purpose in the following areas: IRB (capital), economic capital, decisioning (e.g. scorecards), IFRS 9 (provisions), stress testing, financial planning, climate change, pricing, affordability, operational risk, AI / ML (including GenAI), fraud and financial crime amongst others. I did the same at Nationwide Building Society for around 8 years in the same areas of modelling.

At the PRA, my responsibility as a Risk Specialist was to ensure the good of the people of the United Kingdom. I supervised the capital and stress testing regime of UK banks and building societies and ensured that their models were statistically sound and compliant with regulation. I also collaborated closely with the PRA's Prudential Policy division as an SME and informed UK-wide policies on a number of areas relating to regulatory capital regime. 

In consultancy, I have helped financial institutions to enhance their model risk management practices in light of recent UK regulation and best industry practice. I have also focused on quantifying the financial impacts of climate change (both physical and transition risks) on banking assets and worked with banks to set up validation frameworks for AI/ML models. Equally importantly, I helped banks build capital models compliant with regulation and using the most appropriate statistical methods for a variety of asset classes (Secured, Unsecured, Wholesale). 

Finally, as an academic at UWE, I actively contributed in setting up the MSc Finance programme, set up and oversaw the Bloomberg Trading Room, was the module leader of a number of Finance-related modules on under- and post-graduate programmes, supervised undergraduate and postgraduate dissertations and liaised with professional bodies to gain exemptions for my students, especially in the area of credit management. 

You will frequently see me working either in X Block, Future Space or B Block (my old stomping grounds!). Please, do come and say hi. I am also one email away, so fire away and ask any questions you might have!

Area of expertise

credit risk, credit risk modelling, Banking, Basel II/III regulation, IRB regime, credit management, applied finance, applied econometrics, OLS, logit/probit, panel data, machine learning

Publications

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