Harvey Stein is Head of Regulation and Credit Modeling at Bloomberg, responsible for Basel compliant regulatory risk models, default modeling, and specific risk and incremental risk charge calculations. Dr. Stein graduated from Worcester Polytechnic Institute in 1982 with a Bachelor’s degree in mathematics. After working at Bolt, Beranek and Newman for three years on developing and designing the precursor to the Internet, Dr. Stein went to graduate school at the University of California, Berkeley, where he studied arithmetical geometry while working at Wells Fargo Investment Advisors. He received his PhD in mathematics from Berkeley in 1991.
For the last twenty-one years, Dr. Stein has worked at Bloomberg LP. He built one of the top quantitative finance research and development groups in the industry. His group supplied derivative valuation models for interest rate derivatives, mortgage backed securities, foreign exchange, credit, equities, and commodities, and built Linux clusters to supply these valuations to Bloomberg’s customers.
Dr. Stein is well known in the industry, having published and lectured on mortgage backed security valuation, CVA calculations, interest rate modeling, credit exposure calculations, and other subjects. Dr. Stein built Bloomberg’s business in the area of counterparty credit risk modeling and is currently focusing on default modeling and Basel risk models. He is also a member of the advisory board of the IAQF, an adjunct professor at Columbia University, and a board member of the Rutgers University Mathematical Finance program and of the NYU Enterprise Learning program.