Principal Financial and Quantitative Engineer AVP

The State Street Investment Management - Global Head of Data, Analytics & AI Services (GHDAAIS) is seeking to hire a Principal Financial and Quantitative Engineer, Assistant Vice President at Hangzhou office. This role will play an important role in leading the solution delivery of AI technology services provided to the Global Advisors business at State Street. The role will be a key player in the DAAIS organization for AI services supporting the COO's organizational delivery of the AI platforms in a federated model to Global Advisors, State Street, and our clients. The role will function as the financial/quantitative engineering specialist and solution lead for AI related services working closely with the State Street affiliates, Global Technology Services (GTS) and other third-party vendors used within the SSGA ecosystem globally. The role and the team will provide financial engineering solution to the COO's delivery of technology platforms and services according to the GTS architectural standards and operate under a federated operating model to deliver against a target end state AI ecosystem blueprint. In addition, the role needs to adopt GTS related technology, risk, security, and data governance standards.

This is a principal financial and quantitative engineering role for candidate who has very strong hands-on features analysis, feature engineering, and modelling experience, as well as strong team collaboration skills and leadership. The candidate should have rich experience for model development and validation. The candidate has 10+ years of experience in asset management. This is someone who also has demonstrable leadership in developing financial model solution part of enterprise platform and/or commercialized software product. The candidate has excellent technical and problem-solving skills, someone with creativity and self-motivation to deliver on mission critical projects with tight timelines and competing priorities.

Responsibilities:

• Lead a small agile team to deliver highly effective features analysis/engineering and financial model solution/framework to meet our fast-changing business and client needs, collaborate with global teams to execute on global projects and keep improving model solution and technology best practices.
• Adopt various modern AI tools to design and develop financial model solution and disrupt traditional model development approach and improve productivity.
• Develop, train, and mentor junior financial and quantitative engineers, ensure their continuous growth and development, and foster a high-performance team culture.
• Responsible for capital market analysis, feature analysis, feature engineering, financial model design, coding, unit test, and integration as well as perform model validation.
• Support quality assurance test, user acceptance test, and bug fixes.
• Support production issue and implement on-going enhancements

Skills and Qualifications:

• Master's degree required (preferably in financial engineering, mathematical finance, operational research, or other engineering related major)
• 5+ years of experience in feature analysis and engineering for AI models.
• 3+ years of modern, object-oriented or functional programming experience (Python, SQL) and familiar with AI code generation tools like GitHub Co-pilot.
• Extensive experience with supporting investment research, portfolio management and trading.
• Extensive experience with market movement & sentiment analysis, portfolio optimization, security or factor-based investment strategy, cash flow analysis, or algorithmic trading.
• Familiar with traditional buy side quantitative methodology and model that well understood by industry professional like portfolio manager, trader, risk manager, client, and regulator.
• Solid background in mathematics in general including but not limited to statistics, probability theory, PDE, linear algebra, stochastic calculus, differential equations etc.
• Proven experience as a Portfolio Analyst, Research Analyst or Financial Engineer
• Result driven, detail oriented, candid attitude

Any of the following is highly desirable:

• Prior experience in leading a financial engineering or modelling team at medium or large size buy or sell side firm.
• In-depth factor level modelling such as interest rate, spread, FX, momentum, sector, technical and fundamental indicators
• Data Science and Machine Learning Frameworks (TensorFlow, Scikit-learn, Apache Spark / MLlib, etc.)
• Linux / Bash scripting, structured and unstructured data management tools (Oracle, PostgreSQL, MySQL, KDB+, Hadoop, etc.)
• Strong analytical skills. Previous experience or education focused on statistics or data science is valuable.
• Charted Financial Analyst (CFA) or equivalent.

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we're making our mark on the financial services industry. For more than two centuries, we've been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You'll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees' diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

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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.

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