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Ms. Orla Mccullagh


Dr Orla McCullagh's expertise is in finance and risk management. She specialises in modelling market risk, data analytics and critical examination of the role of accounting measures.Prior to joining UL, Orla worked as a quantitative analyst with Euro Capital Structures Limited, specialist arrangers in securitisation and structured finance transactions. In London, Orla was part of an innovative team modelling the credit risk of structured products within the fixed income division of BNP Paribas. In Bank of Ireland Treasury and later Global Markets, Orla gained extensive experience in market risk modelling. Orla has a first class honours in Pure and Applied Mathematics and an MSc in Finance from Queen's University, Belfast. Orla recently completed her PhD under the supervision of Prof Sheila Killian (UL) and Prof Mark Cummins (DCU).

Research Interests

I am a full-time Lecturer in Risk Management and Insurance with the Kemmy Business School, University of Limerick. I have recently completed my doctoral studies. The key tenet of my PhD is to address the growing impetus to quantitatively and qualitatively evaluate market risk forecasting models.

My current research seeks to contribute to the existing literature through developing an appreciation of expert practitioner's perception of the regulatory changes proposed under the Fundamental Review of the Trading Book (FRTB) and the importance of critically evaluating the role of accounting measures.

Teaching Interests

Teaching Interests: Market Risk Models, Risk in Nature and Industry, Data Analytics,

Professional Activities


  • 2003 Euro Capital Structures - Quantitative Analyst
  • 2001 BNP Paribas - Credit Risk Analyst
  • 1999 Bank of Ireland - Treasury and International Banking - Market Risk Analyst


  • Associate, PRMIA


Conference Contribution


11th International Critical Management Studies Conference
Orla McCullagh, Sheila Killian, Mark Cummins


32nd IAFA Annual Conference
Orla McCullagh, Sheila Killian, Mark Cummins


CSEAR Ireland
Orla McCullagh


A Critical Review of the Treatment of Endogenous Risk in Financial Risk Models
McCullagh, O.
8th Critical Financial Studies Conference


Critical perspectives on VaR and ES'
McCullagh, O.
KBS-CRACFiC Business Research Seminar, Critical Perspectives and Societal Impact

Other Publication