Richard Clark joined Wagner Associates in 1978. He
works on a variety of mathematical finance applications,
and currently is participating in the continuing development
of a loan risk assessment software package for evaluating
collective risk incurred by the World Bank in loans to
businesses from developing nations. One of his largest
continuing projects is designing, implementing, maintaining,
and providing technical support for our Retirement Spending
Planner (RSP 3, R$P 2000, and R$P Personal), a Microsoft Excel-based
product for wealth managers that utilizes Monte Carlo simulation to
model the effects of volatility on their clients' portfolios.
Mr. Clark also has designed and implemented RSP derivatives
written in Java for Morningstar and ADVISORport.
In the area of credit risk he has been
involved in performance evaluation of credit card portfolios
and risk-based auto loan pricing models. His market risk
experience includes implementation and integration of
valuation methodologies (interest rate derivatives,
commodities, and foreign exchange), mean-variance
portfolio optimization, and a model for pricing stock
options. Recent work also includes implementation of a
Microsoft Excel-based tax-aware strategic asset allocation
multi-location model for US Bancorp, and development of a
Microsoft Excel-based GUI for a valuation and accounting
module to address the FAS 133 hedge and derivative
reporting requirements. He also is currently a software
engineer and support specialist for our mean-variance
portfolio optimization tools (WAoptimize, M-V Optimizer,
and the high-end optimization library).
In addition to the projects mentioned above, Mr. Clark has
implemented real-time software used for index arbitrage.
He has also represented Wagner Associates performing
work on-site for clients, including the Naval Research
Laboratory in Washington, DC, a Philadelphia-area
investment firm, and the US Navy's Supervisor of Salvage
in the Space Shuttle Challenger search and recovery
operation. Other past projects include: ASW tactical
decision aids, analysis of submarine patterns of operation,
design and evaluation of nonacoustic sensor devices,
computer-assisted search, modeling of battle group
interactions in Naval operations, and Kalman filter
Mr. Clark has expertise in designing and implementing
pricing models and optimization algorithms. He has
extensive experience developing software using C/C++ and
VBA in Microsoft Excel.
Mr. Clark received his B.S. in Computer Science from
Drexel University in 1982. He received his honorary B.A.
from Central High School in Philadelphia, PA in 1977.
Mr. Clark's hobbies and other interests include cooking, camping,
and word puzzles. He has been a volunteer in the Boy Scouts
of America since 1990, and currently serves as a committee member of
Boy Scout Troop 55,
chartered to Grove United Methodist Church's Methodist Men group.