Spring 2013 Newsletter

Ty Leverty: Leadership for Tippie College and the RMI Curriculum

By Viana Rockel

Ty Leverty, associate professor of finance and TriStar Risk Management Fellow, has been tapped for several important leadership roles in the Tippie College of Business.  Leverty, the permanent full-time faculty member for the Vaughan Institute's RMI curriculum, chairs the Elected Faculty Council (EFC). EFC plays a key role in the shared governance structure of the college. It consists of one member from each of the college's six departments, who each serve two-year terms. All major policy decisions by the dean of the Tippie College require approval by the EFC, which may also decide that a vote of the full faculty is warranted.

In addition, late last year Dean Sarah Gardial initiated a comprehensive strategic planning process and invited Leverty to serve as one of 12 members comprising the core strategic planning committee. This core group is the primary driver of the planning initiative and receives input from a steering committee and various ad hoc committees, which will be incorporated into the college's final strategic plan. One of the ad hoc committees is charged with collecting data for the plan from various centers and institutes within the college, and Leverty is one of two committee members collecting and managing this information.

Of critical importance to the Vaughan Institute is the key role Leverty played in expanding the RMI curriculum. Last fall he developed a new Risk Modeling course, which he is teaching this spring. The fields of risk management and risk analysis continue to expand in scope and complexity.  This new course, along with a new major in management sciences, Business Analytics and Information Systems, are designed to respond to an ever-changing and growing RMI industry need—to manage, understand, and properly use the plethora of data available for sound decision making. 

As Leverty notes, "Eighty-three percent of the students obtaining the RMI certificate are finance majors, and the Risk Modeling course is a natural addition to the RMI and finance curriculums." The number of RMI students taking analyst positions has increased significantly over the past two years, and the Risk Modeling course will better prepare them for a very competitive job marketplace. At a recent Vaughan Institute Young Alumni Board meeting, T.C. Heath (BS'06 with RMI Certificate), a risk analyst at AIG in New York, talked about how valuable this course would have been for him if it had been available when he was enrolled in the certificate program.

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