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Javier Ojea-Ferreiro

Welcome to the private website of Javier Ojea-Ferreiro. I am a Senior Economist at the Bank of Canada in the Climate Analysis Team (CAT) of the Financial Stability Department (FSD). On this website you can find an overview of my research, teaching, some computer codes, my resume and contact information.

I hold a MSc in Banking and Quantitative Finance (2016, distinction with honours) and a PhD (2019, cum laude, International PhD Mention, Extraordinary Award) in Quantitative Finance from Complutense University of Madrid (UCM). My doctoral dissertation concerns recent advances in the fields of stress testing and systemic risk. My research focuses on the spillover analysis using state-of-the-art techniques to capture the joint dependence between variables. My research interests lie in the fields of Risk Management and Financial Econometrics. My current research has a direct application on stress testing exercises and climate risk assessment.

Regarding my teaching experience, I have been Teaching Assistant at the UCM for the degree courses in Econometric and Applied Econometric under the supervision of Prof. Teodosio Pérez Amaral, for the master course in Stochastic Processes under the supervision of Prof. Eva Ferreira and for the master course in Risk Management under the supervision of Prof. Alfonso Novales Cinca. I have also supervised several Master's Thesis jointly with Jesús Ruiz, Hipòlit Torró and Eva Ferreira on topics related to regulation, systemic risk and risk management. I have also collaborated with the University of Santiago de Compostela (USC)

In relation to my professional background, I have worked on projects for the European Commission dealing with systemic risk (Apr 2017- Aug 2017) and climate risk (Nov 2020 - ongoing), for the European Central Bank regarding the design of stress test scenarios (Jun 2018- May 2019) and for the National Securities Market Commission (CNMV) concerning the application of a liquidity stress test for investment funds and its implications for financial stability. I have contributed to the scenario design for several stress test exercises, i.e. EIOPA 2019 EU-wide stress test of pension funds, the ESMA 2019 MMF stress test, the ESMA 2019 EU-wide CCP stress test and the 2020 liquidity stress test for Spanish investment funds. I am the co-author of a technical note, launched jointly with these stress tests, explaining briefly the methodology employed to build the scenarios. Also, I have written an ECB Working Paper related to state-of-the-art techniques for the design of international stress test scenarios.