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Bruce Choy

Bruce Choy

Adjunct Professor


Bachelor of Engineering (First Class Honours and University Medal), University of Sydney
Master of Science (Management), Stanford University
Doctor of Philosophy (Engineering), University of Sydney


Bruce Choy is an Adjunct Professor at Rotman School of Management. His career has specialized in the field of risk management.

For three decades he has managed and researched financial and non-financial risk. Bruce was formerly a General Manager with the Commonwealth Bank of Australia leading their market risk and balance sheet management functions. He was also formerly a Partner and Risk Consulting practice leader with PwC. Bruce still advises on risk management, and chairs the Board Risk Committee for Shinhan Bank Canada and is the Managing Director of research for the Global Risk Institute. These corporate roles follow from an earlier tenure-track academic career that focused on environmental risk management. 

Bruce was awarded a doctorate from the University of Sydney, Australia, for his work on the mathematics for risk management. He is a University and R.A. Priddle Medalist from the University of Sydney’s Faculty of Engineering and a Sloan Fellow from the Stanford Graduate School of Business. Bruce is Vice Chair of the Board of Governors for George Brown College and former Chair of their Audit Committee.

Featured Work

Academic Positions

2023-present     Adjunct Professor, Rotman School of Management, University of Toronto
2022-2023         Sessional Lecturer, Rotman School of Management, University of Toronto
2008-2008         Honorary Associate, School of Chemical and Biochemical Engineering, University of Sydney
1997-2000         Lecturer, Department of Chemical Engineering, University of Sydney
1995-1997         Research Associate, Hazardous Substance Research Center, Louisiana State University

Non-Academic Positions

2022-present     Board Director, Shinhan Bank Canada
2021-present     Managing Director (Research), Global Risk Institute
2014-2020         Partner (and various other roles), PricewaterhouseCoopers
2003-2013        General Manager, Commonwealth Bank of Australia
2000-2003        Quantitative Analyst, ANZ Global Capital Markets 

Academic / Professional Service

2021-present    Board of Governors, George Brown College

Selected Publications – Books and Chapters

Early Warning Indicators, Chapter 6 of Liquidity Risk Management: A Practitioner's Perspective
John Wiley & Sons Inc, Hoboken NJ, ISBN 9781118881927
Funds Transfer Pricing and the Basel III Framework, Chapter 13 of Liquidity Risk Management: A Practitioner's PerspectiveJohn Wiley & Sons Inc, Hoboken NJ, ISBN 9781118881927
Correlating Market Models, Chapter 17 of Derivatives Trading and Option Pricing
Risk Books, London UK, ISBN 1-904339-38-7
Diffusion Models of Environmental Transport
CRC Press LLC, Boca Raton FL, ISBN 1-56670-414-6

Selected Publications – Industry
Financial Industry Forum on Artificial Intelligence: A Canadian Perspective on Responsible AI
Office of the Superintendent of Financial Institutions / Global Risk Institute

Research and Teaching Interests

Risk management and regulation