Full-Time
AI/ML Engineer
Confirmed live in the last 24 hours
Verition Fund Management
51-200 employees
Multi-strategy hedge fund for investments
Mid, Senior
New York, NY, USA
- Experience in architecting and delivering firmwide cloud based, scalable, supportable, flexible services in a modern devops environment
- STEM degree
- Prior experience in finance
- Proficiency in programming languages commonly used in AI/ML and quantitative finance, such as Python
- Knowledge of AI/ML frameworks and libraries (e.g., TensorFlow, PyTorch, Scikit-learn) and experience applying AI/ML techniques to real-world data
- Experience with data manipulation, cleansing, and preprocessing techniques
- Strong analytical and problem-solving skills, with a creative approach to developing innovative solutions
- Ability to clearly communicate complex technical concepts to a diverse audience, including both technical and non-technical stakeholders.
- Design and build a firmwide scalable programmatic framework to allow teams to access GenAI and ML resources
- Work closely with Portfolio Managers, Researchers, the Risk team and other business functions to integrate AI/ML models into the firm’s trading systems, strategies and business processes.
Verition Fund Management is a hedge fund that employs multiple investment strategies to manage assets for institutional investors, such as pension funds and high-net-worth individuals. The firm focuses on various strategies, including Credit, Fixed Income Macro, Convertible Volatility Arbitrage, Event Driven, Equity Long Short Capital Markets, and Quantitative Strategies. Their approach involves dynamic capital allocation, allowing them to adapt to changing market conditions and aim for absolute returns. Verition differentiates itself from competitors through its collaborative work environment and a strong emphasis on risk management, utilizing both internal and external analyses to maintain disciplined investment practices. The company's goal is to generate positive returns for its clients while fostering a culture of creativity and cooperation among its team.
Company Size
51-200
Company Stage
N/A
Total Funding
$1.4B
Headquarters
Greenwich, Connecticut
Founded
2008
Simplify's Take
What believers are saying
- Increased interest in ESG investing opens new avenues for institutional investors.
- Alternative data sources enhance decision-making and competitive insights for Verition.
- AI and machine learning optimize trading algorithms and improve risk management.
What critics are saying
- Increased competition may impact Verition's ability to retain top portfolio managers.
- Acquisitions in smaller companies expose Verition to higher market risk and volatility.
- Regulatory scrutiny and compliance requirements could increase operational costs.
What makes Verition Fund Management unique
- Verition employs a multi-strategy approach across diverse global investment strategies.
- The firm boasts a team of experienced, hard-to-access portfolio managers.
- Verition's collaborative environment fosters the development of creative investment ideas.
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Benefits
Remote Work Options
Company News
Verition Fund Management LLC purchased a new stake in Sandy Spring Bancorp in the third quarter worth about $7,438,000.
Verition Fund Management LLC acquired a new stake in Metagenomi in the third quarter worth $82,000.
Verition Fund Management LLC acquired a new stake in X4 Pharmaceuticals in the 3rd quarter valued at approximately $30,000.
Finally, Verition Fund Management LLC purchased a new stake in Similarweb in the 3rd quarter worth approximately $160,000.
Finally, Verition Fund Management LLC acquired a new stake in Tarsus Pharmaceuticals in the third quarter worth about $763,000.