Numerix Presented with 2012 Outstanding Employer of the Year Award by Rutgers University’s Mathematical Finance Program

New York - 7 June 2012

Numerix and Rutgers Team-Up to Revitalize Math Curriculum Helping Students to Achieve Professional Goals in a Tough Economy

Numerix, the leading provider of cross-asset analytics for derivatives valuations and risk management, announced today its acceptance of the 2012 Outstanding Employer of the Year Award from Rutgers University, the largest institution for higher education in New Jersey. The Rutgers Mathematical Finance Master's Program has consistently ranked among the most elite quantitative finance programs in the country according to Advanced Trading Magazine,[1] demonstrating its commitment to helping the industry’s next generation of quantitative and financial engineers achieve academic and professional excellence.

“It’s a great honor and privilege to accept this award on behalf of Numerix, and a perfect complement to a relationship that’s been a natural fit from the start,” said Steve O’Hanlon, President & COO of Numerix. “As the financial services industry continues to evolve and risk management becomes more scientific and precise the demand for quants and financial engineers will continue to grow, and together with Rutgers we’re committed to providing students with the hands-on experience, skills and tools they need to be successful.”

Numerix and Rutgers first partnered three years ago with launch of Numerix University, a program designed for aspiring and current financial engineers to learn the foundational skills for pricing and managing complex derivatives though educational seminars and specialized internships. With the program’s success, Rutgers and Numerix began to explore new and innovative ways it could broaden the educational and professional experience for Rutgers students through more practical course work and a formalized recruitment program.

Spearheading the relationship was Dr. Paul M.N. Feehan, Associate Professor and Director of the Rutgers Mathematical Finance Program, Carla Visser, Director of Career Management Services at Rutgers, Amilda Dema, Director of Training at Numerix and Saeed Siddiqui, Vice President of Quality Assurance at Numerix, and a Rutgers alumnus. Following a series of in-depth training sessions and discussions to identify the scope and goals of the relationship, Numerix software was officially integrated into the Rutgers curriculum in early 2012. Students can now utilize Numerix technology in their Computational Finance studies to create derivatives applications and build programs in C++.

“At Rutgers we believe that the key to helping students achieve success in financial engineering and quantitative finance is designing a dynamic curriculum where students can apply theoretical and practical knowledge to real-world scenarios,” said Dr. Paul M.N. Feehan, Associate Professor and Director, Mathematical Finance Program at Rutgers. “Whether you’re a quant, developer or exotic derivatives trader it’s always been my experience that to learn new technology can be a long and sometimes arduous process. By utilizing Numerix products and technology in our coursework students have an enormous advantage in trying to land that first job. Though all banks have similar processes and need for such skills, not all do it well; Numerix clearly does a really great job as student feedback has been overwhelmingly positive.”

The inaugural award, which recognizes outstanding achievement by a company in providing professional opportunities for Rutgers students to apply their skills and knowledge, was presented to Numerix on May 22 at its New York City headquarters. Numerix and Rutgers look forward to expanding its relationship by extending Numerix products and technology in to other classes and launching more in-depth training sessions and seminars.

[1] Advanced Trading, The Top 10 Quant Schools of 2012 (May 2012)

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