UTS Quantitative & Financial Engineering Students Strengthen Skill Set with Numerix Market and Credit Risk Analytics

New York, NY – June 3, 2013 – Numerix (www.numerix.com), the leading provider of cross-asset analytics for derivatives valuations and risk management, today announced that it has expanded its academic partnership with the University of Technology, Sydney (UTS) where Postgraduate Quantitative Finance students will utilize Numerix software within a newly introduced Credit Risk Management subject, as well as other existing subjects within the Master of Quantitative Finance degree. Through the UTS program future risk managers, quantitative analysts and financial engineers will develop quantitative expertise not only in theory but in practice. This partnership enables UTS students to work with Numerix advanced pricing, valuation and risk analytics under real market conventions creating a realistic perspective of current capital markets conditions and strengthening their skill set and value to employers.

Students will have access to functionality for Market Risk and Credit Risk calculations including Monte Carlo Value-at-Risk (MC VaR), Counterparty Credit Exposure, Credit Valuation Adjustment (CVA) and Scenario Analysis. The new Credit Risk Management subject is taught by Professor Erik Schlögl, Director of the Quantitative Finance Research Centre (QFRC), UTS Business School and offered as part of a Master of Quantitative Finance (MQF) degree.  Risk analytics technology for reporting, hedging and trading continues to mature and remains of critical importance to all global financial institutions. The sophisticated knowledge and hands-on experience with risk applications and software will give UTS students the edge they need to succeed in today’s competitive job market.

“We’re exceedingly proud of the strong local presence, partnerships and diverse client relationships Numerix has established throughout the Asian-Pacific market, especially within Australia where Numerix pricing and risk analytics are utilized in the majority of the region’s  banks and insurance companies,” said Steven R. O’Hanlon, Chief Executive Officer & President of Numerix. “Through this partnership Numerix and UTS will not only strengthen the breadth of talent available to these institutions, but empower each student to pursue new opportunities within the financial community globally. It’s our hope that graduates of the program will consider their experience with Numerix as an educational asset and competitive strength.”

“Over the past several years UTS has expanded the use of Numerix CrossAsset in support of our Master of Quantitative Finance degree program. The feedback from students has been overwhelmingly positive, and the real-world knowledge and practical experience they’ve gained has proved invaluable to the many quantitative professionals and financial engineers that have successfully completed the program,” said Professor Schlögl. “Risk management best practices continue to evolve and remain the focal point of financial regulations and industry innovation. As such, it’s imperative that our curriculum reflect this shift and incorporate the role of Counterparty Risk calculations and Market Risk measures. We’re excited to continue our work with Numerix as students learn how various risk analytics are calculated, managed and reported.”
 

About Numerix
Numerix is the award winning, leading independent analytics institution providing cross-asset solutions for structuring, pre-trade price discovery, trade capture, valuation and portfolio management of derivatives and structured products. Since its inception in 1996, over 700 clients and 75 partners across more than 25 countries have come to rely on Numerix analytics for speed and accuracy in valuing and managing the most sophisticated financial instruments. With offices in New York, London, Paris, Frankfurt, Milan, Stockholm, Tokyo, Hong Kong, Singapore, Dubai, South Korea, India and Australia, Numerix brings together unparalleled expertise across all asset classes and engineering disciplines. For more information please visit www.numerix.com.

About the QFRC
The Quantitative Finance Research Centre at the University of Technology, Sydney encompasses the largest and pre-eminent concentration of research strength in quantitative finance in Australia, and is recognised as one of the leading centres for this discipline in the Asia-Pacific region. The group focuses on financial risk management and the associated quantitative methods. Areas of particular interest include simulation techniques in finance, financial optimisation, credit risk, financial econometrics and market design issues. For more information, visit:  www.qfrc.uts.edu.au

Emily Ahearn
Director of Public Relations
Phone 646 898 1294
Email: eahearn@numerix.com
 

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