PhD Researcher, Financial Risk AI

About Clear Street:

Clear Street is modernizing the brokerage ecosystem. Founded in 2018, Clear Street is a diversified financial services firm replacing the legacy infrastructure used across capital markets.

We started from scratch by building a completely cloud-native clearing and custody system designed for today’s complex, global market. Our platform is fully integrated with central clearing houses and exchanges to support billions in trading volume per day. We’ve agonized about our data model abstractions, created horizontal scalability, and crafted thoughtful APIs. All so we can provide a best-in-class experience for our clients.

By combining highly-skilled product and engineering talent with seasoned finance professionals, we’re building the essentials to compete in today’s fast-paced markets.

 

The Role:

Clear Street is looking to hire one or more Industrial PhD candidates to do research in financial risk leveraging AI.

The full program will be 5 years with 80% of the time dedicated to research and 20% of the time working with Clear Street. You will be employed by Clear Street but the studies will be done at the university, and the matching department. There will be both a university PhD advisor and an industrial PhD advisor.

We are looking at seeking financing from The Wallenberg AI, Autonomous Systems and Software Program. WASP is a major national initiative for strategically motivated basic research, education and faculty recruitment. It is the largest individual research program in Sweden.

 

Possible research areas

• Risk - How can AI provide better risk management and avoid individual and institutional failures?
• Execution - How can AI more effectively execute orders into a market to obtain the best price possible to benefit individuals? (what is the next generation of TWAP, VWAP)
• Funding - How can we leverage AI to optimize the firm's use of cash and collateral?
• Hedging - How can AI construct and manage hedges to avoid unwanted portfolio risk?
• Investment - How can AI be used to construct and manage a portfolio to achieve a specific goal?

 

More information about WASP and the research they are doing can be found at WASP-Sweden

 

You Bring:

• Masters Degree with good academic grades
• Strong interest in AI and and financial technologies
• Commitment and drive to do research.
• 0-3 Years work experience within fintech.

 

We offer:

• The opportunity to join a small and growing team of good people, where you can make a difference.
• A chance to apply the result and findings of the PhD studies in real world scenarios.
• A meritocratic philosophy that champions collaboration.

 

Our top priority is our people. We’re continuously investing in a culture that promotes collaboration. We help each other through challenges and celebrate each other's successes. We believe that modern workplaces succeed by virtue of having high-performance workforces that are diverse — in ideas, in cultures, and in experiences. We put in the effort to make such a workplace a daily reality and are proud to be an equal opportunity employer. #LiHybrid

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Last updated on Aug 21, 2024