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State StreetPosted 1 month ago

Machine Learning Quantitative Research Analyst

$110,000–$180,000 year

HybridCambridge, Massachusetts, United States

Full TimeMasters DegreeEnterprise

Job Summary

Support the Portfolio Management Research Team by advancing new research and product development using machine learning, financial econometrics, and data-driven techniques. Co-author white papers and journal articles, then translate academic findings into practical applications like publications, market indicators, and analytical tools. Build calculation engines in Python for internal and client-facing systems while running customized analyses and delivering written reports to clients. Engage directly with clients as a subject matter expert on related research. This role involves hybrid remote telecommuting and requires a Master's degree in a quantitative field plus three years of buy-side or sell-side experience.

Required Qualifications

  • Master's degree in mathematics, statistics, operations research or related quantitative field
  • 3 years of experience in a buy-side or sell-side quantitative research role
  • professional hands-on ability with Excel
  • professional hands-on ability with PowerPoint
  • professional hands-on ability with MATLAB
  • professional hands-on ability with Python
  • professional hands-on ability with SQL
  • experience applying machine learning techniques to financial and economic data
  • theoretical and practical concepts in machine learning
  • experience working with simulation techniques (Monte Carlo, Bootstrap)
  • econometric techniques
  • statistical techniques (regression, principle components analysis)
  • knowledge of Portfolio theory
  • mean-variance optimization
  • back testing
  • designing investment strategies
  • experience with asset pricing models
  • FX market analysis
  • macro factors that influence the market
  • demonstrated written communication skills suitable for authoring white papers and journal articles
  • ability to explain complex concepts in a clear and concise manner
  • Hybrid remote telecommuting

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