Stephen Young
Stephen Young
Visiting Assistant Teaching Professor of Finance
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Stephen Young
2201 G Street NW, Suite 509
Washington, DC 20052
Stephen Young is a visiting assistant teaching professor of finance at the George Washington University School of Business. Stephen joined GWU after 27 years of working in the banking industry. Stephen’s last role with Wells Fargo was as Senior Vice President and Head of Market Risk and Advanced Analytics for the Wealth and Investment Management (WIM) division. Over his tenure at Wells Fargo, Stephen held various positions on the sell and buy sides in trading, structuring derivative transactions, and risk management and modeling. Prior to joining Wachovia, Stephen was with Merrill Lynch as part of their equity derivatives organization. Stephen’s areas of expertise and interest include investments, portfolio management and modeling, financial derivatives, and financial risk management and modeling.
Stephen has published in peer-reviewed academic and practitioner journals including the Journal of Futures Markets, Review of Quantitative Finance and Accounting, Journal of Derivatives, Journal of Fixed Income, and others. Stephen’s doctorate is in engineering systems and management from GWU’s School of Engineering and Applied Science (SEAS). Stephen has earned the right to use the Professional Risk Manager (PRM) designation and has earned the Certificate in Quantitative Finance (CQF).
- Doctor of Engineering (D.Eng.), The George Washington University
- M.S., Northwestern University
- M.S., The George Washington University
- MBA, The George Washington University
- B.A., Long Island University
Current Courses Taught
- BADM 3501 - Financial Management & Markets
- FINA 4301 - Financial Derivatives
- FINA 6236 - Options
- FINA 6274 - Corporate Financial Management & Modeling
- FINA 6281 - Cases in Financial Modeling & Engineering
Previous Courses Taught
- FINA 6276 - Financial Engineering & Derivative Securities (GWU)
- FINA 6278 - Finance Theory & Research (GWU)
- FINN 6214 - Asset & Portfolio Management (UNC Charlotte)
- EMSE 6420 - Uncertainty Analysis in Cost Engineering (GWU, SEAS)
- ECE 6015 - Stochastic Processes in Engineering (GWU, SEAS)
Dr. Young’s research has been in the area of financial derivatives and financial risk management and modeling.
- Two State Option Pricing: Binomial Models Revisited, “The Journal of Futures Markets.” Volume 21, Number 11, 987-1001 (November 2001).
- Option Pricing and Higher Order Moments, “Advances in Quantitative Finance and Accounting.” Volume 10, 2002.
- A Generalization of Lattice Specifications for Currency Options, “Journal of Business and Economic Research.” 2003.
- Multinomial Lattices and Derivatives Pricing, “Advances in Quantitative Finance and Accounting.” 2005.
- A Simple Induction Approach and an Efficient Trinomial Lattice for Multi-State Variable Interest Rate Derivatives Models, “Review of Quantitative Finance and Accounting.” Volume 24, 2005.
- On the Lognormality of Forward Credit Default Swap Spreads, “Journal of Financial Transformation.” Cass-Capco Institute Paper Series on Risk, Volume 22, 2008.
- Nth-to-Default Swaps: Overview and Analysis, “Managerial Finance.” Volume 35, Issue 1, 2009.
- Risk Drivers in Historical Simulation: Scaled Percentage Changes versus First Differences, “Journal of Financial Transformation.” Cass-Capco Institute Paper Series on Risk, Volume 25, 2009.
- Structural Default Modeling: A Lattice Based Approach, “Journal of Derivatives.” Volume 17, No. 4, Summer 2010.
- Structural Default Modeling: A Hybrid Based Approach, “Journal of Fixed Income.” Volume 23, No. 4, Spring 2014.