Glenn B Jones

Title: Glenn B. Jones: Innovator in Risk and Reward Assessment

Introduction

Glenn B. Jones is a notable inventor based in Harrisburg, NC (US). He has made significant contributions to the field of risk and reward assessment through his innovative methodologies. His work focuses on creating data-driven solutions that cater to both consumers and small businesses.

Latest Patents

Glenn B. Jones holds a patent for a "Risk and Reward Assessment Mechanism." This invention describes a data-driven and forward-looking risk and reward appetite methodology. The methodology includes customer segmentation to create pools of homogeneous assets based on revenue and loss characteristics. It employs forward-looking simulations to forecast expected values and volatilities of revenue and loss, along with risk and reward optimization of the portfolio. A generalized additive effect decomposition model is utilized for modeling revenue and loss, fitting historical data effectively. The segmentation procedure allows for the creation of groups of customers with similar revenue and loss characteristics. Additionally, an estimation procedure for the model is developed, along with a simulation strategy to forecast and simulate revenue and loss volatility. Efficient frontier curves of risk and reward are created for the current portfolio under various economic scenarios.

Career Highlights

Glenn B. Jones is currently associated with Bank of America Corporation, where he applies his expertise in risk assessment. His innovative approach has positioned him as a valuable asset in the financial sector.

Collaborations

Some of his notable coworkers include Timothy John Breault and Ulrich A. Bruns, who contribute to the collaborative environment that fosters innovation.

Conclusion

Glenn B. Jones exemplifies the spirit of innovation in risk and reward assessment methodologies. His contributions are paving the way for more effective financial strategies in consumer and small business sectors.