Quantitative Finance - The Confluence of Statistics, Mathematics, and Guessing

Industrial Problems Seminar

Chris Jones
US Bank

Abstract

I've come to learn that there are misconceptions about what quantitative finance modelers (aka "quants") do in their jobs. To remedy this, I want to give some color as to what types of work banking quants do and how it is used in managing a bank. Finally, I want to describe some details of an important and ongoing problem in securities modeling, at the heart of which are structures that will be familiar to an audience with a background of some calculus and some statistics.