Financial Engineering Practitioners Seminar: Steve Mullaney
Date: February 02, 2015 from 6:00 pm to 7:30 pm EST
Location: Davis Auditorium, CEPSR Building
Contact: For further information regarding this event, please contact IEOR Department by sending email to info@ieor.columbia.edu .
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Title: Beyond the Model - When Models Meet the Real World

Abstract: The discussion will address practical issues involved with the trading and management of financial instruments.  In particular, it addresses: 1) the importance of understanding the strengths and weaknesses of models and the real-world risks that result, 2) the speed of information dissemination and its effect on pricing, 3) the challenges associated with managing financial instruments  in a world where black swan events will occur, and 4) the importance of incorporating macroeconomics into trade selection.

Bio: Steven Mullaney is the Head of Trading and Valuation at Lehman Brothers Holdings Inc. where he is responsible for the Estate's derivative trades.  He is also responsible for managing the bankruptcy claims filed by Lehman's largest and most complex counterparties.  

Prior to joining Lehman in 2009, Mr. Mullaney was a consultant to Fannie Mae where he served as a capital markets subject matter expert during the financial crisis.  

From 2003 to 2004, Mr. Mullaney was the Global Head of US Dollar Derivative Trading at RBS Greenwich Capital in New York.  

From 2002 to 2003, he was Global Head of US Dollar Derivative Trading at ABN Amro.  

He also served as the Global Head of US Dollar, Euro, and Sterling Derivative Trading at Mizuho Capital Markets in both London and New York from 1992 to 2002 a year after beginning his trading career at National Westminster Bank where he traded fixed income and commodity derivatives.  

Mr. Mullaney began his career in finance as a bank examiner with the Office of Thrift and Supervision during the Savings and Loan Crisis, where he managed the group responsible for examining complex trading and capital markets activities.