Uliana Makarov is a Director on the Single Obligor Research Team within the ERS Research division of Moody’s Analytics. In this role, she contributes to the research behind the RiskCalc suite of models and is responsible for new-model development as well as support of the existing RiskCalc models. She also has taken an active role in client services engagements, including working on internal credit risk models, regulatory stress-testing, and CECL projects as well as other credit risk solutions leveraging the RiskCalc product. Uliana joined the group in 2011 after completing a PhD in economics at Princeton University. She also has a BA in economics and MA in mathematics from the University of Virginia.