Jonathan Jones

Lead Modeling Expert

Jonathan Jones

Commercial Credit Risk Analysis Division

(202) 649-5521

Jonathan Jones is a Lead Modeling Expert in the Commercial Credit Risk Analysis Division of the Office of the Comptroller of the Currency (OCC). Dr. Jones provides technical assistance on examinations of national banks, primarily focusing on Dodd-Frank Act Stress Testing (DFAST), allowance for loan and lease losses (ALLL), economic capital models, and macroeconomic and financial forecasting models. He joined the OCC in 2010.

Prior to joining the OCC, Dr. Jones worked as a Senior Economist at the Office of Thrift Supervision, the Securities and Exchange Commission, and in the Office of Tax Analysis at the U.S. Treasury Department. He was an Assistant Professor of Economics at Vassar College and the Catholic University of America and also taught at Georgetown University, University of Maryland, Johns Hopkins University, and George Mason University as an Adjunct Professor. While at the Office of Thrift Supervision (OTS), Dr. Jones was a member of several Basel Committee groups including the Trading Book Group, the Risk Management and Modelling Group, and the Research Task Force-Transmission Channel subgroup. Also while at OTS, he served on several banking interagency groups and helped to write the Pillar 2 Supervisory Guidance, the new Market Risk Rule, the Counterparty Credit Risk Management Guidance, and the Interest Rate Risk Management Advisory for U.S. banking institutions. He received his Ph. D. in Economics from the University of Colorado.

Dr. Jones’s current research focuses on corporate finance, corporate governance, banking, stress testing, and applied econometrics and time series analysis. He has served as a referee for many academic journals and has published articles in journals such as Applied Financial Economics , Journal of Corporate Finance , Journal of Empirical Finance , Journal of Finance , and Journal of Financial Research .

  1. Michael Carhill and Jonathan Jones, 2019, "Stress-Test Modelling for Loan Losses and Reserves," Chapter 12 in Stress Testing: Approaches, Methods and Applications, 2nd Edition, edited by Akhtar Siddique, Iftekhar Hasan, and David. Lynch, Risk Books, London UK.
  2. Lewis Gaul, Jonathan Jones, and Pinar Uysal, 2018, "Takeover Defense Provisions, Firm Volatility, and Corporate Loan Finance," Critical Finance Review, 7, Issue 1, 165-190.
  3. Rui Song, Richard Sowers, and Jonathan Jones, 2014, "The Topology of Central Counterparty Clearing Networks and Network Stability," Stochastic Models, 30, No. 1, 16-47.
  4. Jonathan Jones, 2010, "A Primer on Interest Rate Models and Financial Instrument Valuation," Bank Asset/Liability Management, 26, No. 11, November.
  5. Jonathan Jones, 2010, "The Advisory on Interest rate Risk Management: An Overview of Supervisory Expectations," Bank Asset/Liability Management, 26, No. 10, October.
  6. Jonathan Jones, Peter Nigro, and M. Aydogdu, 2010, "Some Evidence on the Secondary Market Trading of Syndicated Loans," Journal of Business & Economic Research, 8, No. 5.
  1. Lewis Gaul, Jonathan Jones, and Pinar Uysal, 2019, "Forecasting High-Risk Composite CAMELS Ratings,” Federal Reserve Board International Finance Discussion Paper No. I252.
  2. Mark Flood, Jonathan Jones, Matt Pritsker, and Akhtar Siddique, 2019, "The Role of Heterogeneity in Scenario Design for Macroprudential Stress Testing,” Working Paper.
  3. Jonathan Jones and Deb Sarkar, 2019, "Issues in the Validation of Wholesale Credit Risk Models,” Working Paper.