Related projects
Discover more projects across a range of sectors and discipline — from AI to cleantech to social innovation.
Mitacs brings innovation to more people in more places across Canada and around the world.
Learn MoreWe work closely with businesses, researchers, and governments to create new pathways to innovation.
Learn MoreNo matter the size of your budget or scope of your research, Mitacs can help you turn ideas into impact.
Learn MoreThe Mitacs Entrepreneur Awards and the Mitacs Awards celebrate inspiring entrepreneurs and innovators who are galvanizing cutting-edge research across Canada.
Learn MoreDiscover the people, the ideas, the projects, and the partnerships that are making news, and creating meaningful impact across the Canadian innovation ecosystem.
Learn MorePRO Financial Solutions (PRO) is looking to investigate the benefits of actively including Value at Risk (VaR) in the capital management process of credit unions. Whereas Earnings at Risk (EaR) is a well-established risk measure, VaR still lacks understanding among credit unions. In this research project, the intern will illustrate the relationship between EaR and Duration of Equity, a VaR proxy, and therefor explain VaR in terms of EaR ? a number credit unions are more familiar with. As a conclusion to the project, she will investigate the relative performance of PRO?s clients that actively use VaR for their portfolio management against the complementary group. In a second step, she will enhance the current model by implementing a stochastic VaR model. Based on the outcomes of this calculations, not only credit unions but financial institution in general will be able to actively include VaR in the risk management process of their non-trading portfolios.
Andrey Pavlov
Leonie Wilcke
PRO Financial Solutions
Business
Finance, insurance and business
Accelerate
Discover more projects across a range of sectors and discipline — from AI to cleantech to social innovation.
Find the perfect opportunity to put your academic skills and knowledge into practice!
Find ProjectsThe strong support from governments across Canada, international partners, universities, colleges, companies, and community organizations has enabled Mitacs to focus on the core idea that talent and partnerships power innovation — and innovation creates a better future.