College of Business organizes a conference on financial engineering

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She said banking regulators were struggling to regulate shadow banks, which raised concerns among regulators due to the increased use of FinTech or peer-to-peer lending in mortgages and consumer credit.

“We know from the study of history that most crises originate in the mortgage market, that housing is an important component of financial instability,” she said. “And, therefore, regulators are very concerned about shadow banking activity in this particular sector.”

A panel discussion on “The Impact of Technology on Hiring in the Financial Sector” focused on the finance jobs of the future and, with ongoing technological advancements in the financial services sector, how students can better prepare for the labor market.

Daniel Scansaroli ’05, ’06G, ’09G, ’11Ph.D., Head of Portfolio Construction and Modeling and Portfolio Management Strategist at BlueMountain Capital; Michael Liebman ’88, Director of Business Intelligence for Bloomberg LP; John Savage ’86, vice president of data science for Medidata Solutions; Troy Adair, Professor of Practice, College of Business; and Rebecca Wang, Assistant Professor of Marketing, College of Business.

Panelists discussed how advances in technology have led to both job losses and the creation of new technology-related jobs. Scansaroli said the new jobs require individuals to analyze patterns and algorithms.

“You are now expected to come in and be anything from a computer scientist to a statistician to a data engineer,” Scansaroli said. “Now that doesn’t mean you’re an expert in all of these things – in fact most of these people aren’t, but they have a wide range of skills that they draw on, and the people who are experts in a particular field rise to the top as the most successful.

Panelists highlighted the importance for finance students to master data literacy and programming languages ​​such as Python.

The discussion also focused on whether coding should be a required course in the College of Business undergraduate program.

“I think it’s more important, as several people have said, that you learn a language and learn it well, because the modalities and features that you learn if you know something can be done in the language you know, it’s pretty easy to translate it,” Adair said.

Several other Lehigh professors also joined the Quant Conference roundtables: Hank Korth, professor of computer science and engineering; Hector Muñoz-Avila, Professor of Computer Science and Engineering and Cognitive Sciences; Roberto Palmieri, Assistant Professor of Computer Science and Engineering; Neal Snow, assistant professor of accounting; and David Zhang, Assistant Professor of Management.

Also present were Jeffrey Anthony, co-founding partner of Synaptic Consulting; Frank Van Gasbeke, professor of practice at Middlebury College; Denis Halvadzhiev, a hedge fund quant at JPMorgan Chase; Harsh Jain, a master’s student at Lehigh pursuing studies in data science and financial analytics; Juha E. Korpela, Founder, EcoFinSys LLC; Aziz Looman, director of analytics at RationalAI.com; and Stephen Strombelline, Managing Director of Capital Forensics Inc.

Story of Mary Ellen Alu and Kelley Barrett

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