Data Scientist

Purple Drive

Chicago, IL • On-site

Other

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Job description

Overview:
Skills Required:
5+ years of relevant experience as a hands-on quantitative investment professional, with a track record of developing predictive alpha models in fixed income markets.
Masters, or PhD in a technical or quantitative discipline (e.g., statistics, mathematics, physics, electrical engineering, computer science, applied economics, or finance).
Systematic Fixed Income investing experience a plus.
Proficiency in at least one programming language, ideally Python, with additional experience in PySpark, SAS , MATLAB, or R being advantageous.
Hands on experience working in Azure Cloud Services, ADLS, ADF, Databricks will be very helpful.
Strong knowledge of asset pricing, factor anomaly literature, and the application of sustainability data within an investing context.
Expertise across the entire quantitative investment lifecycle, including alpha research, risk management, portfolio management, trade execution, and the application of technology.
Experience in applying machine learning models within an investing context, with familiarity in alternative data as an advantage.
Ability to think independently, creatively approach data analysis, and clearly communicate complex ideas.
Mandatory skills
Data Science
PySpark
Azure DataFactory
Azure Databricks
Secondary skills:
Asset Management


Frequently asked questions

Q: What skills or qualities help someone succeed as a Data Scientist?

A: To succeed as a Data Scientist, one must possess core technical skills such as proficiency in programming languages like Python, R, or SQL, as well as expertise in machine learning algorithms, data visualization tools like Tableau or Power BI, and statistical modeling techniques. Additionally, strong soft skills like effective communication, collaboration, and problem-solving abilities, along with traits like curiosity, adaptability, and attention to detail, are crucial for success in this role. By combining these technical and soft skills, Data Scientists can effectively extract insights from complex data, drive business decisions, and drive career growth through continuous learning and innovation.

Q: What is the career path for a Data Scientist?

A: A Data Scientist's typical career progression involves starting as a Junior Data Analyst or Data Scientist, where they develop foundational skills in data analysis, machine learning, and visualization. As they gain experience, they can move into mid-level roles such as Senior Data Scientist or Lead Data Analyst, where they take on more complex projects, mentor junior team members, and contribute to strategic decision-making. Ultimately, senior Data Scientists can transition into leadership positions like Director of Data Science or Chief Data Officer, or pursue specialized roles like Data Engineering or Artificial Intelligence Research Scientist, depending on their interests and skills.



Purple Drive job posting for a Data Scientist in Chicago, IL with a salary of $101,500 to $140,200 Annually with a map of Chicago location.