Quantitative Research (a/k/a Researcher)

Quantitative Research (a/k/a Researcher) (State Street Bank and Trust Company; Cambridge, MA): Will be responsible for the following: Design and test quantitative models to meet specific trading business needs; Develop code, product specifications, and processes for implementation; Work directly with subject area experts from across many Global Markets businesses to document needs, prototype new ideas, and deliver products; and Apply statistics, advanced prediction, machine learning / AI, and other techniques and rigorously test the efficacy of models, strategies, data-driven processes, and infrastructure. Less than 5% domestic travel required. Hybrid telecommuting permitted pursuant to Company policy.

Minimum Requirements: Master’s degree or its equivalent in Finance, Economics, Mathematical Finance or related quantitative discipline; plus 6 months of experience in investment management, investment research, data science, or a similar field involving quantitative techniques for data and analysis.

Must have: Strong familiarity with theoretical and practical concepts in data analytics, statistical analysis, and machine learning algorithms such as clustering, random forest and XGBoost, etc.; Relevant experience in working in a trading environment and collaborating with traders; Relevant experience with fixed-income products including structuring and pricing; Strong familiarity with financial terminals such as Bloomberg; Strong familiarity with concepts in investment management, financial products, asset allocation, risk management, and investment strategy design; Highly proficient coding skills, Python or SQL, and attention to detail; and Highly effective communication skills and ability to collaborate successfully and perform under pressure. (Unless otherwise indicated, State Street is seeking the ability in the skills listed above with no specific number of years of experience required. All experience can be gained concurrently).

To apply to this position, you must click the “Apply” button on this page and complete the online application.  An EOE.

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Salary Range:

$105 000 - $190 000 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.

Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our 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 (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.

For a full overview, visit https://hrportal.ehr.com/statestreet/Home.

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

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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.