GX Research Mgr,Vice President

  • Company: State Street
  • Location: Cambridge, Massachusetts
  • Posted: November 21, 2017
  • Reference ID: 172776
State Street Associates® (SSA) is a unique partnership that bridges the worlds of financial theory and practice. Part of State Street's Global ExchangeSM division, SSA develops risk, investor behavior and economic indicators as well as investable indices for investment managers and institutional investors around the world. Its products leverage State Street's proprietary information assets as well as data sourced through strategic partnerships with "Big Data" start-up companies in the Boston area. Its partners include renowned academics from the Harvard Business School, MIT's Sloan School of Management and Boston College. Rooted in financial theory, SSA's research agenda also recognizes that theory must bend to real-world complexities to meet the needs of its clients.
Role and responsibilities
SSA seeks a machine learning research team leader to join its Portfolio and Risk Research group. This senior role is responsible for advancing new research, thought leadership, and innovative investment applications focused on the thoughtful use of techniques spanning machine learning, artificial intelligence, and related quantitative and data-driven techniques. The individual will manage a team of junior analysts and will work in close coordination with other senior team members to develop, test, present, and maintain a robust and varied pipeline of research applications based on machine learning. The focus of this role is on thoughtful use of sophisticated techniques to solve investment problems and prototype new solutions for our clients. While this is not a pure technology role, the qualified individual will need to understand and design appropriate research infrastructure and code, including leveraging capabilities from throughout the company. Specific responsibilities of the position include:
  • Oversee the team's pipeline of machine learning applications, managing multiple projects from concept to completion, collaborating with senior researchers and supervising junior staff as needed
  • Prototype new investment methodologies and products for State Street's institutional client base, focusing on the use of machine learning and artificial intelligence techniques
  • Formulate and test quantitative research hypotheses with a focus on practical implementation
  • Create a recognized center of excellence for application of machine learning to front-office investment decision challenges
  • Author compelling white papers and research reports in collaboration with colleagues
  • Develop strong working relationships with sales teams and academic partners
  • Create and deliver exceptional presentations to clients, including CIOs, pension boards, asset managers, and other stakeholders
  • Present research to clients via in-person meetings, conference calls, internal events and other forums
  • Serve as a subject area expert and provide support to internal research groups, as needed
  • Develop and maintain a scalable code base and research infrastructure
  • Manage a team of junior analysts, fostering productivity, collaboration, engagement, and career growth
  • Act with the highest level of integrity and adopt an owner's mindset for managing risk in the course of business

  • 7-10 years' work experience in investment management, investment research, data science, or a similar field involving quantitative techniques for data and analysis
  • Advanced degree in a quantitative field such as finance, economics, mathematics, computer science, or a related discipline
  • Expert knowledge of theoretical and practical concepts in machine learning, including statistical building blocks, classical methods, recent developments, and state-of-the-art techniques
  • Strong familiarity with concepts in investment management, asset allocation, risk management, and investment strategy design
  • Approach research with an open mind and strong intellectual curiosity
  • Ability to present complex ideas in a clear, concise and effective manner is essential
  • Highly proficient coding skills, ideally Matlab and Python, with practical experience implementing solutions to real-world problems
  • Experience working directly with databases desired
  • Exceptional written and oral communication skills; public speaking experience is desired
  • Prior experience in a client-facing role is desired
  • Ability to manage multiple projects and deadlines while maintaining strict attention to detail
  • Willingness to travel occasionally for business

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