Member of Research Staff, Voleon Securities (New York)

The Voleon Group • New York City, NY

2d • Onsite

About The Position

Voleon Securities, a new business within the Voleon Group, provides liquidity in securities markets by applying state-of-the-art AI/ML techniques to construct market making strategies. Building on the success of its affiliate, Voleon Capital Management, which has led the hedge fund industry for nearly two decades, Voleon Securities offers a unique opportunity for creative, entrepreneurial researchers. This role is part of the initial buildout of a modern securities business rooted in the frontier of AI/ML and statistics. Researchers will collaborate with internationally recognized experts in AI/ML, as well as experienced finance and technology professionals. The work focuses on financial market prediction and portfolio optimization, leveraging a decade of pioneering scientific advances in applying ML to financial markets. The role involves working with complex datasets to implement and iterate on predictive models, applying research to daily work from basic research to productizing solutions and validating efficacy in live trading.

Requirements

• Background in modern statistical methods and machine learning with a track record as an applied researcher, preferably with experience in at least one of the following: optimal control, deep RL, deep learning, and causal inference
• Evidence of strong mathematical abilities (e.g., publication record, graduate coursework, or competition placement)
• Interest in software development techniques and willingness to write production-level code (Python)
• Ability to solve large-scale computing problems
• Eagerness to work in a fast paced and growing business
• Interest in financial applications is essential, but prior finance industry experience is not a pre-requisite
• Ph.D. level coursework is required

Nice To Haves

• Hands-on experience building successful liquidity providing strategies across asset classes preferred but not required
• a Ph.D. degree in a relevant field is preferred

Responsibilities

• Develop a rich understanding of Voleon’s challenges and methodologies and propose research innovations and experiments to build, maintain and optimize the models that govern our trading strategy
• Prepare and analyze new datasets to assess their predictive efficacy
• Develop, validate, and implement new models into production
• Design and conduct experiments to improve simulations and evaluate the success of new models in a live environment
• Communicate and collaborate effectively with other Members of Research Staff and Software Engineers at each stage, driving progress towards tangible outcomes
• Keep up to date on the latest academic research to identify novel approaches to explore for application to our domain

Benefits

• Potential to earn $15,000 if your referred candidate is successfully hired and employed by The Voleon Group through the “Friends of Voleon” Candidate Referral Program

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: Ph.D. or professional degree