Michelle Yang, Ph.D.

Michelle is an Associate Managing Director at Moody’s, leading the Model Calibration &Analytics function. In this role, she oversees a global quantitative team responsible for developing and calibrating financial econometric models and scorecards across all asset classes to support Moody’s Ratings. Michelle’s work spans the full lifecycle of model and methodology development. She has also supervised research initiatives and co-authored over 20 white papers on credit risk modeling for both Structured Finance and Fundamental asset classes. Michelle advises business partners on asset credit risk valuation, portfolio analysis, and structured transactions, translating complex technical concepts into actionable business insights. She is also deeply involved in talent strategy—recruiting and building a global team of quantitative experts, managing organizational change, and driving innovation. Michelle holds a Ph.D. in Econometrics & Statistics from the University of Chicago Booth School of Business and a Bachelor’s degree in International Finance from Zhejiang University