Data Science Institute-Industry-Innovation Seminar: J.P. Morgan

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Wednesday, January 31, 2018
4:30 PM - 6:00 PM
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"Risk Management Calculations & Control Workflow Applied to Electronic Trading Products by Investment Banks"
Presented by Neal Goldstein, Managing Director JP Morgan – Global Head of Connectivity Solutions

1. Overview of equities electronic trading products with an emphasis on where risk management controls are applied
a. Client Connectivity & Market Access
b. Order Management Systems
c. Clearing and Settlement

2. High Level Financial Risk Management Overview
a. Objectives
b. Agency Trading Risk
c. Principal Trading Risk
d. Credit/Clearing Risk
e. Operational Risk

3. Counter party exposure
a. Client Counter-Party Considerations
b. Credit Relationship & Leveraged Financing
c. Margin calculations
d. Client and Firm Obligations

4. Regulatory control obligations around market access
a. Exchange membership obligations
b. FINRA 15c3-5 Market Access Rule

5.Risk Management and Control Workflow
a. Pre-trade single order risk calculations
b. Post-Trade Portfolio Risk calculations
c. Portfolio Stress Testing
d. Examples of asynchronous portfolio level calculations
e. Buying Power and Margin
f. Kill switches
g. Centralized risk limit management workflow

6. Risk Management and Control Product Overview
a. Client Specific Controls
b. Client Agnostic Controls
SPEAKER BIO:
Neal Goldstein manages a global product and client facing integration team that develops cross asset class market connectivity products and electronic trading risk management solutions that are applied across the investment bank.

Neal is also the global head of Quantitative Investor Services (QIS) execution products. Neal manages the global QIS product team that services hedge fund clients running quantitative trading strategies. The QIS product team delivers ultra-low latency market access gateways, risk management controls and exchange data center co-location solutions and that are fully integrated with JP Morgan Prime Brokerage financing. Neal reports jointly to the equities and prime brokerage businesses in this capacity.

Neal has over twenty three years of financial services experience working in both technology and front office roles. Prior to joining J.P. Morgan in 2011, Neal was the US Head of Electronic Product Development at Nomura Securities. Neal has previously held product management roles at Lehman Brothers and Morgan Stanley. Prior to working in financial services, Neal was an electrical engineer who spent eight years working in the aerospace industry developing automated test systems used in the manufacturing of electronic circuit card assemblies and full system acceptance testing.

Neal holds an MBA from Long Island University, and a B.S. in Physics from the State University of New York at Binghamton.

OPEN TO THE PUBLIC | LIGHT FARE AVAILABLE | REGISTRATION *NOT* REQUIRED
LIVESTREAMING/RECORDING WILL *NOT* BE AVAILABLE
Event Contact Information:
Data Science Institute
212-854-5660
[email protected]
LOCATION:
  • Morningside
TYPE:
  • Seminar
CATEGORY:
  • Engineering
  • Computer Science
  • Finance
  • Economics
EVENTS OPEN TO:
  • Alumni
  • Faculty
  • Public
  • Staff
  • Student
  • Postdocs
  • Graduate Students
  • Prospective Students
  • Trainees
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