International Association of Financial Engineers

Welcome to IAFE

The IAFE is a not-for-profit, professional society dedicated to fostering the profession of quantitative finance by providing platforms to discuss cutting-edge and pivotal issues in the field. Founded in 1992, the IAFE is composed of individual academics and practitioners from banks, broker dealers, hedge funds, pension funds, asset managers, technology firms, regulators, accounting, consulting and law firms, and universities across the globe.

Financial Engineering Today

Dr. Robert Engle Awarded the Financial Engineer of the Year Dinner at the IAFE/SunGard Gala Dinner on February 2nd, 2012

IAFE announces Berkeley team as winning the Annual Student Competition

February 3, 2012 — New York, NY

The International Association of Financial Engineers (www.iafe.org) and SunGard (http://www.sungard.com) was pleased to honor Nobel Laureate Dr. Robert Engle as Financial Engineer of the Year last night at the IAFE/SunGard Gala Dinner. Dr. Engle was recognized for the theoretical and practical development of methods to study, understand, and control volatility in financial markets. He is the Michael Armellino Professor in the Management of Financial Services at the New York University Stern School of Business (http://www.stern.nyu.edu/rengle/).

Click here for the full press release and description of the Academic Competition Case

Robert Engle Selected as the Recipient of the 2011 IAFE/SunGard Financial Engineer of the Year Award

January 6, 2012 — New York, NY

IAFE and SunGard would like to congratulate Dr. Robert Engle, the Michael Armellino Professor of Finance at New York University and 2003 Nobel Laureate for Economics on being named the 2011 Financial Engineer of the Year. For more information on Robert Engle and the Financial Engineer of the Year Award.

Click here for the full press release

i-BEL Featured Article:

BUSINESS WITH A TWIST: FINANCIAL MATHEMATICS AND ENGINEERING

By Laurie Derechin

Financial mathematics, engineering and computational finance lead to great careers for analytical and quantitative students, explains Laurie Derechin from the International Association of Financial Engineers...

Click here for the entire article

IAFE/CMRA Survey Featured in AllAboutAlpha.com Article

Quant Funds: Model Risk and Error Disclosure Missing From Many Radar Screens

By Christopher Faille

A settlement early this year between the Securities and Exchange Commission (SEC) and the AXA Rosenberg Group LLC (ARG), along with other entities affiliated with ARG, took much of the asset-management industry by surprise, according to a recent benchmarking survey of market practice on model risk prepared by Capital Market Risk Advisers and the International Association of Financial Engineers...

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2011 IAFE Annual Conference

May 16-17, 2011

NYU Kimmel Center, NYC

Click here for event details

CMRA and IAFE Survey Finds that Despite AXA Rosenberg/SEC Enforcement Settlement 41.1% of Respondents do NOT Escalate Model Errors

april 21, 2011 - New York, NY

In the wake of the AXA Rosenberg/SEC Model Risk settlement, Capital Market Risk Advisors (CMRA), a pre-eminent risk advisory and litigation support boutique for the past 20 years and the International Association of Financial Engineers (IAFE), a not-for-profit, professional society dedicated to fostering the profession of quantitative finance today released the results of a benchmarking survey of market practice concerning model risk.

Click here for the full report

Peter Carr Selected as the Recipient of the 2010 IAFE/SunGard Financial Engineer of the Year Award

December 1, 2010 — New York, NY

The International Association of Financial Engineers (www.iafe.org) and SunGard (http://www.sungard.com) today announced that Peter Carr, managing director and global head of market modeling for Morgan Stanley, has been named the 2010 IAFE/SunGard Financial Engineer of the Year (FEOY). The award will be presented to Dr. Carr on February 10, 2011, at the New York Stock Exchange in New York City, during the IAFE/SunGard FEOY Award Gala Dinner.

Click here for the full press release

Andrei Kirilenko's recent presentation "The Flash Crash: The Impact of High Frequency Trading on an Electronic Market" is now available in the members area.

An IAFE survey in cooperation with SunGard Adaptiv

AFTER THE CRISIS:
Re-engineering Risk Management?

Thoughts from market experts including senior fellows and members of the board of directors of International Association of Financial Engineers (IAFE)

The recent financial crisis exposed many flaws in the business procedures and incentive models within the global financial sector. After more than 20 months of analysis, debate, bail out plans, and crisis talks; local, global, internal, and public scrutiny have left us speculating whether the financial sector will ever regain its reputation. Meanwhile proposals for global regulation from nation states (particularly the US and UK), international entities (such as the EU, BIS, G20, IMF), and private institutions (such as ISDA and IOSCO), are forcing institutions to look into every aspect of their risk management functions. This paper gathers the thoughts and opinions of senior fellows and members of the board of directors of the International Association of Financial Engineers (IAFE) who talk openly about the issues surrounding the stability of the financial engineering community and what needs to be done to control the complexity of financial risk management.

Click here to download a pdf version of the paper

IAFE Featured in Financial Times

Analysis: Alternative to a PhD as a way in for quants

By Michael Jacobs
Published: June 21 2010 00:22 | Last updated: June 21 2010 00:22

When it comes to post-graduate qualifications in finance the range of options is extensive. One relatively new kid on the block is the master in financial engineering. But how does it differ from a straight master in finance?....

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The book "How I Became A Quant: Insights from 25 of Wall Street's Elite", based on the popular IAFE panels, will be released in July of this year. All royalties go to the Fischer Black Memorial Foundation.
Click here to learn more about the book.