Joseph A. Langsam is a Policy Fellow in the Center for Financial Policy of the University of Maryland’s Smith School of Business, which he joined in 2010. He spent the previous 25 years at Morgan Stanley Dean Witter, where he was responsible for analytic research and the valuation of derivatives. Dr. Langsam received a Ph.D. in mathematics from the University of Michigan in 1982 and a Ph.D. in urban studies with a concentration in economics from the Massachusetts Institute of Technology. Prior to joining Morgan Stanley Dean Witter, he was an assistant professor of mathematics at Case Western Reserve University. He is co-editor (with Jean-Pierre Fouque) of the landmark 2014 volume, Handbook on Systemic Risk. He was appointed to the Board of Mathematical Sciences and Their Applications in 2014. Dr. Langsam's research interests are focused on the development of analytics for monitoring and managing both financial institutional risk and systemic risk.