Stochastic Processes Inc. Background


The Principal of the firm, Tomiko Murk, has a strong foundation in the Derivatives industry, the most recent being with Royal Bank of Canada's securities arm, RBC Dominion Securities (RBC DS) (1993 - 2000), as a Vice-President in the Financial Engineering group, Global Foreign Exchange, for 3 years (1997-2000), prior to which she was a Senior Financial Engineer in that group. She has six years trading experience in Exotic Foreign Exchange Option products in the Financial Engineering group and created the pricing and risk management programs used for their Exotic Foreign Exchange options.

Within the Royal Bank's Risk Management Group, she was Manager, Financial Research, and Manager, Accounting Policy 1988 to 1993, principally dealing in model and accounting analysis of Capital Market Products (Interest Rate Swaps and Options). At the Toronto-Dominion Bank, she was responsible for analyses of the Market Value and Accounting Value for interest rate swaps, and for foreign exchange contracts. Her Futures experience was gained from developing a futures reporting system for Friedberg Mercantile Group, a Commodity futures dealer in Toronto.

In addition to Trading and Model building experience, Tomiko has presented a number of papers through the banks, and through the Canadian Bankers Association (CBA) to regulatory bodies including the Office of the Superintendent of Financial Institutions (OSFI) in Canada, Canada Customs and Revenue Agency (CCRA, formerly Revenue Canada), and the Bank for International Settlements (BIS) through the International Swap Dealers Association (ISDA), and the Canadian Institute of Chartered Accountants (CICA). These technical papers relate to tax issues on derivatives, and to Bank Capital requirement for Interest Rate Swaps and Foreign Exchange Forwards, and for accounting proposals on derivatives.

Ms. Murk is a member of the Financial Markets Association of Canada (FMAC) and of Women in Capital Markets. Her educational background includes an MBA from the University of Toronto, Master of Science in Information Science from the Georgia Institute of Technology, CMA (Certified Management Accountant), and FICB (Fellow of the Institute of Canadian Bankers).