Richard Cooperstein

Richard Cooperstein

Richard L. Cooperstein leads Model Risk Management at Andrew Davidson & Co., Inc., supporting the company’s growth in an increasingly regulated environment. Leveraging his experience as a regulator, model builder, and user to enhance the company’s best-in-class models, he helps AD&Co meet client needs as the market evolves. He has decades of experience creating and using option-based analytical infrastructure to value, manage, and invest in various types of credit risk.

Most recently, Cooperstein was Chief Financial Officer and Treasurer of Ocwen Mortgage Servicing, a subsidiary of Ocwen Financial, where he also served as Vice President of Pricing and Asset Acquisitions. He has held positions at Gleacher Financial, RangeMark Analytics, and Ranieri Partners, where he ran fixed-income analytics employing his copyrighted Fixed Income Valuation Platform©. Prior to that he ran Cooperstein Analytics; served as Group Director of Capital Deployment at RMIC; Vice President of Structured Transactions at Freddie Mac; and Managing Director, Head of Modeling and Analytics at HSBC Securities.

Cooperstein began his career at the General Accounting Office and then served as Senior Economist in the Executive Office of the President, Office of Management and Budget, where he applied option pricing theory to value the financial guarantees of the Federal Government, and was one of the chief architects of Credit Reform.

Richard is a published author on option pricing theory and valuing credit risk, including articles in The Journal of Structured Finance, The Journal of Financial Intermediation, and The AREUEA Journal. He holds a Ph.D. in Economics from the University of Maryland, College Park and a BA in Economics from the University of New Orleans.

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