Curriculum Vitae - Mark Papiani
· Feb 2006 to present: JP Morgan Chase (JPMC) – Executive Director. Programme Manager: Equity Derivatives Valuation and Risk Computation. Own fair value and risk calculations (intra-day, end of day and overnight) globally for Equity Derivatives. Additionally responsible for PnL attribution, FSA Liquidity related calculations, Equities VaR, Stress VaR, Volcker reporting, scenario and limits reporting.
o Team of 50+: Staff at all levels up to and including Executive Director, in 5 locations (London, Glasgow, Mumbai, NY & HK) comprising of mostly permanent with some contract.
o Responsible for strategic Equity derivatives risk strategy to rationalize systems, move all calculations closer to real-time, while reducing costs of compute grids. Work closely with Quants and trading on delivery of most new risk functionality for the business. Provide continual 3rd line support to meet critical 24x7 operational SLAs globally.
o Led and delivered a multi-year, industry leading, cutting edge real-time risk transformation providing new business capability through the speed of risk computation while reducing costs by an order of magnitude through removal of 1000s of CPUs (due to increased efficiency).
o 2011 Innovation in Banking Technology Award (www.thebanker.com) for GPU (Graphical Processing Unit) Deployment for Risk Computation. GPUs accelerated risk computations by 40X compared to running them on CPUs alone and delivered over 80 percent savings:
o 2010 American Financial Technology Award (www.aftas.org/static/winners-2010) for Best Green IT Initiative for global Platform Symphony GRID deployment globally with corresponding performance increase and hardware decrease.
· Programme/Project/People Management: Portfolio of projects/control of staff/budget/scope, strategy, technical direction/innovation, stakeholder/business relationship management.
· Hardware and software Technical skills, management skills and business skills (with technical BEng degree/PhD plus MBA and business training).
· Previous JPMC role: Before ownership of Equity Derivs Risk/Market Risk, I joined JPMC as a Programme Manager in Flow Equity Derivatives Front-Office Technology and became Head of Global Convertible Bonds Technology. Managing critical front office trading systems facing off to Global Heads of Trading desks.
· 02/06-present Executive Director - JP Morgan Chase
· 10/99-01/06 Director - UBS Investment Bank
· 05/94-08/99 Research Assistant - University of Southampton
· 09/90-01/94 Principal Hardware Design Engineer - Siemens Plessey Controls
· 10/84-10/86 Computer Programmer - Barclays Bank PLC
[At the time, Southampton had one of the best Engineering Faculties in the Country, rated 3rd in the World for number of cited papers (behind 2 US universities), 5 out of 5 for research, 24 out of 24 for teaching.]
q Feb 2006-Present. JP Morgan Chase, 10 Aldermanbury,
· Programme Manager Equity derivatives valuation/risk and market risk calculations globally. This technology has critical 24x7 operational SLAs globally. Team size of 50+ staff .
· As well as owning business as usual changes to valuation and risk, working closely with the front-office and Quants, I successfully lead JP Morgan’s strategic GRID Programme to run all Equities valuation and risk on a Platform Symphony GRID infrastructure using GPUs. The programme made dramatic annual cost savings through CPU reduction, whilst increasing business competitiveness through faster pricing and more timely flow and exotics risk.
· Previous Work at JPMC:
· Recruited/built team to stabilise/performance tune/enhance EDG Flow Market-making.
q Oct 1999-Jan 2006. UBS Investment Bank,
· Also worked in the Architecture Department where I was responsible for producing a comprehensive technical document on E-commerce Web Development Standards and Guidelines, for global distribution to all new IT employees.
q May 1994-Aug 1999.
· Research Assistant, Concurrent Computation Group: Employed as a research assistant to Prof Tony Hey whilst he was head of department - writing funding proposals, organising events, producing talks, lecturing, part-time PhD research (Web/Java/database) and consultancy.
· History of Art Digital Library -1998: Designed and implemented a Web-based database of digitised art images as part of the European funded Viseum project, to develop Internet applications for museums.
National client database for leading
An Architecture for Management of Large, Distributed, Scientific
Data -1999: PhD research - Web-based architecture to reduce bandwidth requirements for fast
storage, searching and retrieval of large, distributed files resulting from
scientific simulations. Web interface with a novel method of browsing an
underlying distributed object-relational database. XML used to specify
user-interface functionality and to specify interfaces to loosely couple heterogeneous,
autonomous data post-processing services.
Parallel database performance - 1996:
Developed C code and embedded SQL for the TPC-D Decision Support Benchmark.
Used early beta of IBM’s DB2 Parallel Edition on an IBM SP2 parallel
supercomputer. Bugs in DB2 PE were identified and discussed with IBM Hursley
· Graphical Benchmark Information Service (GBIS) - 1995: Developed an early example of interactive, graphical web pages for displaying graphs of parallel computer benchmarks (CGI, Perl).
Lecturing / Funding Proposals:
· Lecturing: Java Programming Course - Designed/wrote/lectured/examined a Java course for 120 students. Introduced the key OO concepts of encapsulation, inheritance and polymorphism
Writing Funding Proposals: To both EPSRC
(Engineering and Physical Sciences Research Council) in the
· EU Proposal 2111 - HPC-Standards: Funded for 18 months, June 96, 200KECU.
· Presentations and Tutorials at International Conferences:
· Tutorial at the Euro-Par 98 International Conference – Jointly developed and presented ‘Java, the Web and Databases’ - Web/database connectivity, HTTP, CGI, Java and JDBC, and CORBA.
· Presentations at RAPS International workshop/ British National Conference on DBs/ BCS seminar.
q Sept 1990-Jan 1994. Siemens Plessey Controls Ltd,
· Principal Hardware Design Engineer: Responsible for a road traffic control system that has been sold worldwide in multi-million pound contracts. This is a data transmission system for monitoring/controlling/optimising road traffic signals city-wide.
· Initially on Graduate Training Programme. Trained in formal, structured design, documentation and quality assurance techniques.
Rose to level of Principal
Hardware Engineer on a project to design a traffic controller monitoring unit
for the Traffic Control Systems Unit (TCSU),
· Carried out work on tender, including estimate of hardware items, development time, and costs.
· Made dramatic cost reductions, strategy change by suggesting ‘buy not build’ for key components (modems, transformers, PSUs) whilst complying with Siemens philosophy that every component or system should have an alternative source to maintain vendor independence.
Solely responsible for the
complete design and testing of several multi-layer
· Accomplished on time and within budget. Several of my PCBs went straight through from drawing to production without requiring any rework.
q Oct 1984-Oct 1986. Barclays Bank PLC, Barclays
· Computer Programmer: Joined Graduate Training Programme for software developers straight from A-levels. 7-week off-site training programme, including structured design methodologies and COBOL programming. Subsequently responsible for design specifications, COBOL programming, test plans, testing. Produced client/server software for an OLTP system used for foreign currency dealing. A TANDEM computer architecture was used for fault tolerance.
Ph.D. Computer Science, May 1994-Sept. 2000.
· ‘An Architecture for Management of Large, Distributed, Scientific Data’, supervisors: Prof Anthony J.G. Hey, Dr Denis A. Nicole. (Involved several years of Web-based development using Java Servlets, HTML, XML and Object-Relational Databases.)
¨ Post Graduate Open University Units, 1991-1993. Self-study whilst employed at Siemens.
· PMT602 Real Time Monitoring Systems (Sept 91-May 92) - Distinction
· PMT604 Real Time Control (May 92-Oct 92) - Distinction
· T820 Switching for Digital Telecommunications (Oct 92-May 93) - Merit
B.Eng. (Hons) Electrical Engineering - First Class Hons, Sept.
· Bill Bright Memorial Prize, 1990 – awarded, each year, to a final year student by the Faculty of Engineering and Applied Science.
Institute of Bankers Stage One Course (Banking, Economics, Accounts,
and Law), 1985-1986.
· 3 ‘A’ Levels: Maths/Physics/Economics (1984), 9 ‘O’ Levels (1982)
· Engineering Council Registration – Chartered Engineer (CEng)
· FEANI (European Federation of National Engineering Associations) Registration (Eur Ing)
· Member of the British Computer Society (MBCS) / Chartered IT Professional (CITP)
· Fellow of the Institution of Analysts and Programmers (FIAP)
· Member of the Institution of Electrical Engineers (MIEE)
· Member of the Institution of Electrical and Electronic Engineers and IEEE Computer Society
· Quant Training – JPMorgan Chase Internal QR Quant/Trader Course, 4-15 Oct, 2010.
· Hedge Funds, Alpha Development Partnership, 7 March, 2008.
· MBA Warwick Business School Modular/Distance Learning, Jan 2003-Mar 2010.
Excel 2000 VBA Programming, QA Training course ref. WNXLPG5,
· Performance Management: Objective Setting/ Feedback, UBS Warburg, 14&17 Jan, 2003.
· Options Fundamentals, UBS Warburg.
· Interest Rates and Bonds, UBS Warburg, 18-21 Nov, 2002.
· Microsoft Project 2000, Self-study: Microsoft Approved Step-By-Step Tutorial Book and Media, Microsoft Press, ISBN 0-7356-0920-9, 424 Pages, July, 2002.
Microsoft .NET Developer
Oracle 8i, Application
Development and Tuning, Learning Tree ref. 492,
XML for B2B E-Commerce
Solutions, Learning Tree ref. 544,
· Java Servlet/JSP Web Development with IBM VisualAge, QA Training, 01-04 May 2001.
Introduction to Rational
Rose, QA Training,
· Collateral Trading (Securities Finance) Business Course, Fin Tuition Ltd., 12-13 Dec, 2000.
· High Tech Procurement: Acquisition/Negotiation Process and Vendor Relationship Management, International Computer Negotiations, Inc., 17-18 Oct, 2000.
· UML: OO Analysis and Design Using Unified Modelling Language, QA Training, 3-7 April, 2000.
· Securities Finance & Repo, FinTuition, 12-13 Dec, 2000.
Java Programming (Java 2), Sun
Microsystems ref. UK-SL-275,
22nd International Conference on Very Large Databases (VLDB),
DB2 Parallel Edition for AIX/6000, IBM
· Structured Programming Workshop, BIS Applied Systems ref. SPW 603, 17-21 March, 1986.
· TANDEM Concepts and Facilities (Architecture, COBOL, SCOBOL), 1 week, Jan, 1985.
· COBOL/Assembler/Structured Programming/Banking, Barclays Bank PLC, 7 weeks, 1984.
¨ Refereed Journal Papers
· Papiani, M., Wason, J., L., Dunlop, A., N. and Nicole, D., A. A Distributed Scientific Data Archive Using the Web, XML and SQL/MED. ACM SIGMOD Record, Vol. 28(3), Sept, 1999.
· Papiani, M., Hey, A., J., G. and Hockney, R., W. The Graphical Benchmark Information Service. Scientific Programming, Vol. 4(4), 1995, 219-227. ISSN 1058-9244.
¨ Refereed Conference Proceedings
Papiani, M., Wason, J., L. and Nicole, D., A. An Architecture for Management
of Large, Distributed, Scientific Data Using SQL/MED and XML. Proceedings of the 7th International
Conference on Extending Database Technology (EDBT),
(Lecture Notes in Computer Science, Vol. 1777, Springer-Verlag, 2000. ISBN 3-540-67227-3)
¨ Banking IT Awards
· 2011 Innovation in Banking Technology Award (www.thebanker.com) for GPU (Graphical Processing Unit) Deployment for Risk Computation
· Sport: Taekwondo Black Belt/Krav Maga/Real Combat System (Training with Geoff Thompson)/Boxing/Gym
Adventure Holidays (e.g. Sea-Kayaking in