Financial and Quantitative Engineering

State Street’s Artificial Intelligence and Financial Engineering is a global award-winning team. It has the mission to explore, enable and exploit artificial intelligence, machine learning, natural language processing, image recognition and cognitive computing at scale for countless use cases across Alpha/CRD, Global Services, Global Advisors, Global Markets business lines, and corporate functions. The team is envisioned to have a mixed of intelligence technology, quantitative modeling, data science, financial engineering, and software engineering capabilities. The team has solved operational, and client experience related use cases and is making into investment and risk management related domains such as market movement, sentiment analysis, valuation, investment strategy, fund innovation and so on. This team has engaged the business to explore, prototype, and solution use cases while also building out a portfolio of foundational micro services and products in the State Street’s public cloud.

The Financial and Quantitative Engineering Principle – VP will lead one of our AIFE agile teams by through the phases of use-case identification, fundamental and quantitative analysis, data exploration, model specification, design, implementation, validation, and support integration and deployment of the resulting model services into production.

Responsibilities:

• Become Subject Matter Expert in financial business of asset management industry such as investment strategy and product offering research, portfolio construction, optimization and rebalancing, security selection, rich and cheap analysis, market and sector analysis, and algorithmic trading
• Lead a team of junior financial and quantitative engineer while very hands on research and development on daily basis
• Lead and mentor junior team members in fundamental and quantitative analysis, feature selection and engineering, model methodology, assumption, specification, design, implementation, and validation
• Engage with user and analyst to explore and prototype front office opportunity and use-case exploring data and the application of cognitive and machine learning technology
• Design and program automated data collection and pre & post transformation pipeline
• Design financial framework and program the model to address business problem and perform model validation
• Write model specification documentation with lead data scientist and quantitative modeler.
• Support IT integration, QA/UAT and deployment of Cognitive micro services, operationalizing and productizing resulting models and cognitive solutions

Qualifications:

• Master’s degree required (preferably in financial engineering, mathematical finance, operational research, finance, economics, and other engineering fields), PhD preferred
• Extensive experience with supporting investment research, portfolio management and trading; good hands knowledge about market movement & sentiment analysis, portfolio optimization, security or factor-based investment strategy, cash flow analysis, or algorithmic trading
• 15+ experience with security terms and conditions, market data, security valuation modeling, performance attribution, portfolio optimization, or fund accounting and administration.
• 15+ years of hands-on experience with buy-side quantitative methodology and model that are well understood by industry professionals like portfolio manager, trader, risk manager, client, and regulator.
• 10+ years of modern, object-oriented, or functional programming experience (Python, Java, C++, SQL)
• Familiar with public cloud development environment like Azure AML or AWS SageMaker
• Excellent written and verbal communication skills at all stakeholder levels across multiple countries
• Result driven, detail oriented, candid attitude

Experience in any of the following is highly desirable:

• Leading a financial engineer or modeler team in medium or large size buy or sell side firm
• In-depth factor level modeling such as interest rate, spread, FX, momentum, sector, technical and fundamental indicators
• Data Science and Machine Learning Frameworks (PyTorch, TensorFlow, Scikit-learn etc.)
• Linux / Bash scripting, structured and unstructured data management tools (Snowflake, PostgreSQL, MySQL, KDB+, Hadoop, etc.)
• Strong analytical skills. Previous experience or education focused on statistics or data science is valuable.
• Communication skills. The ability to communicate at the right level with all parties involved, including management and business stakeholders
• Charted Financial Analyst (CFA)

Salary Range:

$155,000 - $230,000 Annual

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

Job Application Disclosure:

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

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