Machine Learning Quantitative Research Analyst

State Street•Cambridge, MA

12d•Hybrid

About The Position

Will be a member of the Portfolio Management Research Team at State Street Associates, an investment research division of State Street Markets. This role will be responsible for advancing new research and product development in the form of thought leadership, market indicators, and analytical tools with a focus on the use of machine learning, financial econometrics, and data-driven techniques. Hybrid remote telecommuting permitted pursuant to company policy.

Requirements

Master’s degree in mathematics, statistics, operations research or related quantitative field plus 3 years of experience in a buy-side or sell-side quantitative research role
Professional hands-on ability with Excel, PowerPoint, MATLAB, Python, 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)
Experience with econometric techniques, and statistical techniques (regression, principle components analysis)
Knowledge of Portfolio theory, mean-variance optimization, back testing, and designing investment strategies
Experience with asset pricing models, FX market analysis, and 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

Responsibilities

Supporting the team’s new research on the thoughtful application of AI and machine learning to economics and finance
Co-authoring white papers and journal articles in collaboration with colleagues
Translating this academic research into practical applications and products (publications, indicators, tools, etc.)
Building calculation engines in Python for internal and client-facing tools
Running customized analysis for clients and creating written reports
Engaging with clients as a subject matter expert on our related research

Benefits

Retirement savings plan (401K) with company match
Insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages
Paid-time off including vacation, sick leave, short term disability, and family care responsibilities
Access to our Employee Assistance Program
Incentive compensation including eligibility for annual performance-based awards
Eligibility for certain tax advantaged savings plans
Inclusive development opportunities
Flexible work-life support
Paid volunteer days
Vibrant employee networks