Carol Alexander is Professor of Finance at Sussex and  Co-Editor of the Journal of Banking and Finance. Carol has been back at Sussex (her Alma Mater) since 2012.  She was appointed the John von Neumann Chair at TU Munich for the year 2018 and in January 2019 she became visiting professor at the Oxford campus of Peking University Business School.

Prior academic appointments were as Chair of Financial Risk Management at the ICMA Centre in the Henley Business School at Reading (1999 – 2012) and lecturer in Mathematics and Economics at the University of Sussex (1985 - 1998). She holds degrees from the University of Sussex (BSc First Class, Mathematics with Experimental Psychology; PhD Algebraic Number Theory) and the London School of Economics (MSc Econometrics and Mathematical Economics). She also has an Honorary Professorship at the Academy of Economic Studies in Bucharest, Romania.

Carol has also held several positions in financial institutions: Fixed Income Trader at UBS/Phillips and Drew (UK); Academic Director of Algorithmics (Canada); Director of Nikko Global Holdings and Head of Market Risk Modeling (UK); Risk Research Advisor, SAS (USA). She also acts as an expert witness and consultant in financial modelling. From 2010 – 2012 Carol was Chair of the Board of PRMIA (Professional Risk Manager's International Association).

She publishes widely on a broad range of topics, including: volatility theory; option pricing and hedging; trading volatility; hedging with futures; alternative investments; random orthogonal matrix simulation; game theory and real options. She has written and edited numerous books in mathematics and finance and published extensively in top-ranked international journals. Her four-volume textbook on Market Risk Analysis (Wileys, 2008) is the definitive guide to the subject. Her latest interests focus on Blockchain and Cryptocurrencies and her forthcoming book (with Douglas Cumming, FAU) is another Wiley text on Corruption and Fraud in Financial Markets.


Professor of Finance, Co-Editor of the Journal of Banking and Finance

Community and Business

Carol frequently consults for banks, asset managers, exchanges, pension funds and other financial institutions. She acts as an expert witness, designs software (some models are patented) and undertakes model validation work.

Carol was the founding chair of the Academic Advisory panel for the Professional Risk Manager's International Association (PRMIA). She also editied, with Elizabeth Sheedy of Macquarie University, the 3-volume Professional Risk Manager's Handbook which has been adopted by the major financial institutions in over 100 countries for training their risk management staff.

She has a large and growing network of contacts with finance professionals around the globe, most recently founding the Quantitative Finance International Network (QFIN), with Academic colleagues at Universities in Germany, Norway, Spain, South Africa, Australia and Canada.

For further details of Carol's networking and industry-engagement activities see