DEFINITION of 'International Association Of Financial Engineers - IAFE'

A not-for-profit, professional society dedicated to promoting the field of quantitative finance by providing platforms to discuss current and fundamental issues in the profession. The International Association of Financial Engineers was founded in 1992 and is comprised of academics and professionals from banks, broker dealers, hedge funds, pension funds, asset managers, technology firms, regulators, accounting, consulting and law firms, and universities worldwide.


Members of the IAFE have access to members-only content on the organization's web site; access to IAFE Committees (area-specific initiatives to discuss policy issues in depth, including investor risk, operational risk, technology and education); attendance to IAFE evening forums; and discounts to certain industry journals and IAFE endorsed conferences.

BREAKING DOWN 'International Association Of Financial Engineers - IAFE'

Financial engineering is a cross-disciplinary field that utilizes computational intelligence, mathematical finance and statistical modeling, to analyze and predict market activity in order to make more informed investing, trading and hedging decisions. Risk management is a key aspect of financial engineering and practitioners attempt to calculate the financial risk posed by specific investments. Financial engineers are often referred to as "quants" because of the quantitative skills required of the profession. Financial engineers are typically well-versed in the C++ programming language and math subfields, including stochastic calculus, multivariate calculus, linear algebra, differential equations, probability theory and statistical inference.


Also called computational finance.

RELATED TERMS
  1. Financial Engineering

    Financial engineering is the use of mathematical techniques to ...
  2. Professional Risk Manager - PRM ...

    Professional risk manager is a designation awarded to risk managers ...
  3. Knowledge Engineering

    Knowledge engineering is a field of artificial intelligence (AI) ...
  4. Quantitative Analysis

    A business or financial analysis technique that seeks to understand ...
  5. Deep Web

    The deep web is the secret section of the Internet that is not ...
  6. Not For Profit

    A not for profit organization is a type of organization that ...
Related Articles
  1. Personal Finance

    The Highest-Paying Engineering Careers

    Learn more about some of the highest-paying jobs in field of engineering. With just a bachelor's degree, most engineers in these jobs make well over $100,000.
  2. Retirement

    Retirement Tips for Engineers

    Learn specific retirement strategies for engineers. Tips include taking advantage of higher-than-average salaries to grow a sufficient retirement nest egg.
  3. Personal Finance

    3 High-Paying Academic Jobs With Good Pensions

    Find out which academic posts have the most attractive salaries and benefits, and why college faculty and staff tend to survive economic downturns.
  4. Personal Finance

    Quantitative Analyst: Job Description & Average Salary

    Learn the different job duties of a quantitative analyst and how much money an analyst makes; understand the skills needed to be successful at this career.
  5. Investing

    Top Bachelor Degree For A Hedgefund Career

    From economics to statistic analysis, certain bachelor's degrees make graduates more qualified for landing highly sought hedge fund jobs.
  6. Personal Finance

    Best Websites For Engineering Jobs

    Start with industry-specialized websites, but cast a wide net to look for engineering jobs that are the best fit for your goals and skills.
  7. Investing

    4 Degrees Most Oil Companies Are Looking For

    Find out which four degrees oil companies want to see on the resumes of new hires, and find out why the industry still pursues these graduates.
  8. Financial Advisor

    The Top 6 SEO Tips for Advisors

    Advisors are increasingly relying on search engines for inbound leads. Here's how to improve rankings and drive more search engine traffic to your site.
  9. Investing

    Want To Work At a Hedge Fund? These Are The Top Entry-Level Jobs

    Lucrative salary, high perks, and best quantitative brains at work - Here are the common entry level positions for those aspiring for a career in hedge fund industry.
  10. Trading

    Quant Strategies - Are They For You?

    Quant strategies are designed to exploit inefficiencies and use leverage to make market bets.
RELATED FAQS
  1. Where do most fund managers get their market information?

    Many fund managers, whether they manage a mutual fund, trust fund, pension or hedge fund, have access to resources that the ... Read Answer >>
  2. What should I study in school to prepare for a career in corporate finance?

    Find out which classes to take in college to prepare for a career in corporate finance, including management, accounting ... Read Answer >>
  3. What is finance?

    Finance is the study of how money is managed and the process of acquiring needed funds. Personal finance, corporate finance ... Read Answer >>
Trading Center