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MFM Instructors

Arkady Shemyakin

Arkady Shemyakin

MFM Instructor

Arkady Shemyakin has a M.S. and Ph.D. degrees from Novosibirsk State University and Sobolev Institute of Mathematics, Russian Academy of Sciences. He worked in Russia prior to 1993, when he moved to the University of St. Thomas in Minnesota. His field is mathematical and statistical methods in applications to finance, insurance, and engineering. He teaches classes in evening programs at the U of M since 2006. Arkady also does research and consulting, most recently in the fields of Bayesian statistical analysis, copula models, and Markov chain Monte Carlo.

Carlos Tolmasky

Carlos Tolmasky

MCFAM Assistant Professor

Dr. Tolmasky was part of the founding team of industry practitioners and academics who developed the Master of Financial Mathematics (MFM) program within MCFAM. His research focus is Mathematical Finance.  Prior to his full time appointment at the University of Minnesota.  Dr. Tolmasky was a derivatives trader at Cargill Petroleum. He joined Cargill in 1996 as a member of their Research Group focusing on the development and implementation of derivatives models for fixed income and commodities markets. He later joined the petroleum group as a "desk quant" and, more recently, as a derivatives/relative value trader. He holds an undergraduate degree (Licenciado) from the University of Buenos Aires and a PhD in mathematics from the University of Washington.

Christ Bemis

Chris Bemis

MFM Instructor

Chris is Head of Quantitative Analysis and Research at Whitebox Advisors, working primarily on equity market modeling outside of the United States. He is also an active researcher for the Whitebox quantitative group, where he works on varied problems in the context of equity, derivative, and fixed income strategies.

Dr. Bemis earned his PhD in applied mathematics from the University of Minnesota. His thesis work involved both modeling and optimization for portfolios of risky assets.

Christopher Prouty

Christopher Prouty

MFM Instructor

Exotics Trader at Cargill and serves as the instructor for FM 5091/5092: Computation, Algorithms and Coding in Finance

Chris began his financial career as a research assistant at the Federal Reserve Bank in Minneapolis. Since graduating from the University of Minnesota with a B.S. in Applied Economics, Chris has worked in commodities and insurance, in roles focusing on trading and risk management through derivative strategies. Chris currently works for Cargill, where he is an exotic derivatives trader. During college and shortly thereafter Chris operated a small software consulting firm, CP Consulting. He has completed freelance software development projects for Twin Cities firms, including the University of Minnesota Foundation and ACR ATI, a firm which offers employee testing services to the health care industry.

Gary Hatfield

Gary Hatfield

MFM Instructor

Dr. Hatfield is an Actuary for Securian Financial Group in St. Paul (the parent company of Minnesota Life Insurance Company). The focus of his work is financial risk management. He is a key leader in Securian’s risk management function, and serves on the company’s most senior risk committee. He plays a key oversight role in Asset Liability Management and Hedging as well as the development of those functions. In addition, Gary dedicates much of his time to innovation initiatives such as Data Analytics. He earned his PhD in Mathematics from the University of Minnesota where he continues to be involved at the School of Mathematics as an Assistant Professor and an Advisory Board Member for MCFAM (Minnesota Center for Financial and Actuarial Mathematics). Dr. Hatfield is a Fellow of the Society of Actuaries <https://www.soa.org/member/>, a member of the American
Academy of Actuaries <http://www.actuary.org/> and is also a CFA charter holder. Previous to entering the insurance field in 1998, he taught College Mathematics in St. Peter, Minnesota.

John Dodson

John Dodson

MFM Instructor

John is Vice President, Quantitative Risk Management at the Options Clearing Corporation in Chicago, which is the principal central counterparty for equity derivatives. Previously, John was with the treasury and investment risk management departments of Ameriprise Financial in Minneapolis. Prior to returning to the midwest, John worked for several major international banks in New York, London, and Zurich. He entered the industry out of college with an appointment at the Bank for International Settlements.

John is an Adjunct professor with MCFAMs Master of Financial Mathematics (MFM) program. In addition to his affiliation with MCFAMs MFM program, John has taught about financial derivatives for the Carlson School of Management and for various industry programs.

John has a BS degree in physics and mathematics from Stanford and an MS degree in computational finance from Carnegie Mellon. John's affiliation with the U of M goes back to the 80's. He was an UMTYMP student and also participated in a mentorship program with the head of the physics department during his high school years.

Kaisa Taipale

Kaisa Taipale

MCFAM Assistant Professor

Kaisa Taipale is a mathematician with interests from the math of string theory to applications in climate and finance. After graduating from the University of Minnesota with a PhD in algebraic geometry in 2010, Dr. Taipale taught at St. Olaf College for two years then visited the Mathematical Sciences Research Institute in Berkeley, CA, and Cornell University, Ithaca, NY, during the 2012-2013 academic year. With MCFAM Dr. Taipale is leading student research projects in stress testing as well as the intersection of finance and climate.

Helena Zarin

Helena Zarin

MFM Instructor

Dr. Zarin earned her PhD in mathematics from the University of Novi Sad, Serbia. Prior to joining MCFAM in 2018 she worked as a Professor in the Department of Mathematics and Informatics, Faculty of Sciences, at the University of Novi Sad. In 2001-2003 she was a Research Assistant at Dresden University of Technology, Germany. Her research interests include numerical analysis of PDEs with special emphasis on models from financial mathematics, evolutionary biology, chemical kinetics, heat transfer, aerodynamics and fluid mechanics. She has diverse experience in education at all university levels, including mentoring two PhD theses in applied mathematics.

Pritam Dalal

Pritam Dalal

MFM Instructor

Pritam Dalal is one of our very own graduates of the MFM. Prior to that, he earned his Bachelors in Mathematics and Economics from the University of California, Berkeley.

Over the course of his career in finance, Pritam has worked in a variety of trading and analysis roles at firms such as Cargill, Wolverine Trading, and Allianz Investment Management. A common thread running through all of his work has been data-driven analysis, coupled with the ability to communicate those findings to fellow decision makers. These skills have been applied to areas ranging from volatility trading in commodity markets, to equity option market-making, and hedging complex annuities.

In addition to teaching in the MFM, Pritam consults on projects that lie at the intersection of data science and quantitative finance.

Vern Nelson

Vern Nelson

MFM Instructor

My name is Vern Nelson and I am presently doing an MA in Mathematics Education at the University of Minnesota. My undergraduate degree is in Mathematics and Computer Science from the University of the West Indies. I then obtained a teaching diploma and taught Mathematics for 5 years in St Lucia.

I migrated to the United Kingdom, taught for 8 years then went on to do graduate studies in Financial Mathematics at the Leeds University Business School. On completing my studies, I spent 3 years working at Towergate Insurance Company, initially as a Data Analyst, then as Data Manager on a project.

I returned to teaching for one year in the United Kingdom from 2017-2018 then migrated to the United States to pursue the MA in Math Education. My focus is in trying to make Critical Mathematics have a more prominent role in the K-12 curriculum.