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Rim Chérif

  • Position: Assistant Professor, Finance
  • Department: Heikal Department of Management
  • Email: rim.cherif@aucegypt.edu
Brief Biography

Rim Chérif is an assistant professor of finance at the Onsi Sawiris School of Business, The American University in Cairo, where she also serves as academic advisor for the Master of Science in finance. She holds a PhD in financial engineering from HEC Montréal, where her dissertation, supervised by Hatem Ben-Ameur and Bruno Rémillard, focused on pricing complex derivative securities under Lévy processes.

Her research develops computational and statistical methods for derivatives pricing, credit risk and sustainable finance. It has appeared in journals including Quantitative Finance, the Journal of Futures Markets and the Journal of Derivatives. A recipient of the AUC Teaching Award, she has supervised numerous graduate theses and has collaborated with industry on consulting projects. She serves on the scientific committee of the AfriMed Finance Society. Outside academia, she enjoys traveling and painting, and she has led initiatives supporting children without family care.

Research Interest
  • Computational methods for derivatives and corporate securities: dynamic programming, least-squares Monte Carlo and parallel computing under Lévy and jump-diffusion dynamics.
  • Credit risk and dependence modeling: structural models and their quasi-maximum-likelihood estimation, distance to default and flexible copulas for sovereign CDS markets.
  • Climate and sustainable finance: green bond pricing, carbon risk in financial institutions, weather derivatives and real options for the circular economy.
Awards
  • Recognition in Research, School of Business, The American University in Cairo, 2026
  • Excellence in Teaching Award, School of Business, The American University in Cairo, 2023
Education
  • PhD in financial engineering, HEC Montréal (Canada), 2017
  • Bouaddi, M., Chérif, R. and Ben-Abdellatif, M. (2026). "Flexible quadrant copulas: Application to sovereign credit default swaps." North American Journal of Economics and Finance, forthcoming.
  • Ben-Abdellatif, M., Bouaddi, M., Chérif, R. and Omran, M. (2026). "Distance to default and climate change: Do carbon emissions matter? Evidence from financial institutions in emerging markets." Journal of Sustainable Finance and Investment, 1–30.
  • Ben-Abdellatif, M., Ben-Ameur, H., Chérif, R. and Fakhfakh, T. (2025). "Stochastic dynamic programming for valuing options embedded in corporate bonds." Journal of Derivatives, 33(1), 75–92.
  • Ben-Abdellatif, M., Ben-Ameur, H., Chérif, R. and Fakhfakh, T. (2025). "Quasi-maximum likelihood for estimating structural models." Studies in Nonlinear Dynamics and Econometrics.
  • Ben-Abdellatif, M., Ben-Ameur, H., Chérif, R. and Rémillard, B. (2024). "A two-factor structural model for valuing corporate securities." Review of Derivatives Research, 27(2), 203–225.
  • Ben-Abdellatif, M., Ben-Ameur, H., Chérif, R. and Rémillard, B. (2024). "Dynamic programming for designing and valuing two-dimensional financial derivatives." Risks, 12(12), 1–15.
  • Ben-Ameur, H., Chérif, R. and Rémillard, B. (2023). "A dynamic program under Lévy processes for valuing corporate securities." Journal of Risk, 25(4).
  • Ben-Ameur, H., Chérif, R. and Rémillard, B. (2020). "Dynamic programming for valuing American options under the variance-gamma process." Journal of Futures Markets, 40, 1548–1561.
  • Ben-Ameur, H., Chérif, R. and Rémillard, B. (2016). "American options under jump-diffusion models: Evaluation and estimation." Quantitative Finance, 16, 1313–1324.