Max Rudolph

MAX J. RUDOLPH, FSA CFA CERA MAAA

Max Rudolph is the founder of Rudolph Financial Consulting, LLC in Omaha, Nebraska. His consulting practice focuses on implementation of risk management tools that help organizations make better decisions by extending strategic time horizons, leveraging regulatory tools and using common sense. He provides an external view of industry best practices that allows an honest assessment of current firm practices. One client referred to him as a “voice of reason.” A frequent presenter and award winning author, Max is noted for his annual financial predictions, over 10 years of monthly newsletters, contrarian approach and strong risk network. He is a private investor, an adjunct professor in the Heider College of Business at Creighton University, and is affiliated with Hanover Stone Solutions. He has served on the boards of the Society of Actuaries (SOA) and CFA Nebraska. His strategic vision is illustrated by his long association with topics like asset-liability management, enterprise risk management (ERM), interest rate risk, scenario planning and emerging risks.

Max has completed research projects covering emerging risks, investment strategies, value investing, interest rate risk and ERM. Recent published research includes Transition to a High Interest Rate Environment: Preparing for Uncertainty, which considered various future scenarios for nominal interest rates and reasons why they could occur, and the 11^th Survey of Emerging Risks, which trends and analyzes risk manager thoughts about emerging risks (he is now working on his 12^th survey!). Max has participated in numerous project oversight groups, including several which the Society of Actuaries completed that covered the Delphi process, working with futurist Ted Gordon. He is currently working on research related to low growth scenarios and investment year method crediting strategies.

Max helps insurance companies develop and improve their enterprise risk management (ERM) process. He provides advice and peer review for companies filing an ORSA report and develops industry best practice asset-liability management (ALM) and liquidity practices. He is the Chief Risk Officer for a small financial institution start-up and develops intrinsic values for various types of non-traded assets as an expert witness.

Max is an adjunct professor at Creighton University’s Heider College of Business. He teaches online master’s level classes for the Master of Investment Management and Security Analysis program and is currently developing classes for a master’s level ERM program.

Max has developed educational materials related to ERM and investment topics for companies and professional organizations. He was named a thought leader in the ERM discipline by the Society of Actuaries. He recently presented on various topics at the SOA annual meeting, ERM Symposium, CAS annual meeting, Bermuda International Life and Annuity Conference, Hanover Stone Solutions regulatory conference, NAMIC Boot Camp, Kansas City Actuaries Club, and the NAIC CIPR seminar. He has a long history of volunteer service, including Chair of the SOA’s Investment Section, Chair of the AAA’s Economic Scenario Work Group, and received the SOA President’s Award for his efforts helping to develop and implement the CERA credential. Max recently joined the SOA Research Executive Committee. He serves on the Actuarial Standard Board’s Enterprise Risk Management Task Force that developed Actuarial Standards of Practice 46 and 47 on ERM and is currently working with a team developing an ASOP covering capital assessment practices for insurers.

Max graduated from Michigan Technological University with degrees in Mathematics and Engineering Administration, is a credentialed actuary and CFA charter holder. You can find his monthly newsletters and annual financial predictions, along with many of his articles, papers and presentations, at www.rudolph-financial.com.

Max J. Rudolph, FSA CFA CERA FLMI RHU MAAA

Principal, Rudolph Financial Consulting, LLC

5002 S 237^th Cir

Elkhorn, NE 68022

(402) 895-0829

max.rudolph@rudolph-financial.com

Twitter @maxrudolph

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