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Steve Yalovitser is a Director of Quantitative Group, Wells Fargo Securities. Yalovitser leads the development and support of the XVA asset class for Quant Core Technologies. He covers technology implementations for KVA(SA-CCR, IMM), MVA, and CVA.
He is also the co-founder of the New York City Quantum Computing Meetup. The meetup is focused on application of emerging Quantum Computers to problems in Finance, Machine Learning and Physical Sciences.
Before joining Wells Fargo Securities, Steve Yalovitser was a Director of Quantitative Group, Global Banking and Markets, within Bank of America Merrill Lynch’s Counterparty Portfolio Management (CPM) Group. Yalovitser was a lead architect for the bank, with exposure to a wide variety of asset classes, over a 13 year tenure. He delivered multiple innovation-driven technology solutions for the bank, including its first equity exotics booking platform, its first equity back-testing platform and its first ad hoc scenario platform for Capital Calculations.
Yalovitser founded, led and delivered the Quartz Equity Derivatives Risk eco-system, to help run a portion of Bank of America Merrill Lynch’s end-of-day risk reporting function. He also worked on building out a Strategy Platform for CPM, covering Counterparty Valuation Adjustment (CVA), Capital Valuation Adjustment (KVA), Funding Valuation Adjustment (FVA), and Initial Margin (IM) posting.
Before joining Bank of America Merrill Lynch, Yalovitser founded Integrasoft LLC, creating the first product to address data aspects of grid computing and implementing it for use in derivative pricing applications for potential client sites. Prior to that, he held lead architect roles at several firms, including DoubleClick, Morgan Stanley and Dow Jones.