This is a profile image of Anke Raufuss

Anke Raufuss


Advises clients on risk-management projects and leads McKinsey’s work in market and trading risk globally

As a partner in McKinsey’s Risk Practice and leader of McKinsey’s work in market and trading risk globally, Anke has expertise in risk management at financial institutions. She focuses on risk within corporate and investment banks, market and trading risk, operational and compliance risk, control frameworks, three lines of defence, regulation, and organisational transformation.

Some examples of Anke’s recent work include the following:

  • implementing the requirements of the Fundamental Review of the Trading Book (FRTB)
  • developing and implementing new market risk methodologies, including value-at-risk and portfolio stress testing
  • revamping the front-to-back trading risk infrastructure
  • establishing control frameworks and three lines of defence
  • optimising the balance sheet, leveraging McKinsey’s proprietary balance-sheet optimizer tool
  • leading stress testing and capital management programmes such as US Comprehensive Capital Analysis and Review (CCAR)

Published work

Black swans, gray rhinos, and silver linings: Anticipating geopolitical risks (and openings),” McKinsey & Company, February 2023

Risk transformations: The heart, the art, and the science,” McKinsey & Company, April 2022

FRTB reloaded: Overhauling the trading-risk infrastructure,” McKinsey & Company, May 2018

Managing non-financial risks in banking: Paradigm shifts in the making,” McKinsey & Company, April 2016

The Fundamental Review of the Trading Book: Implications and actions for banks,” McKinsey & Company, December 2015

Return of strategy: A road map to sustainable performance for capital markets and investment banking,” McKinsey & Company, December 2013

Day of reckoning? New regulation and its impact on capital-markets businesses,” McKinsey & Company, July 2012

Past experience

University of Marburg
Scientific assistant


University of Marburg
PhD, mathematics