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Full-Time

Quantitative Finance Software Engineer

Posted on 10/17/2024

Boosted.ai

Boosted.ai

51-200 employees

AI tools for investment decision-making

Fintech
AI & Machine Learning

Junior, Mid

Toronto, ON, Canada

Category
FinTech Engineering
Software Engineering
Required Skills
Agile
Python
Git
AWS
Pandas
JIRA
NumPy
Requirements
  • BS or MS in financial engineering, computer science or engineering
  • 2+ years experience as a developer in investment management, banking, or fintech
  • 2+ years working in Python with scientific libraries (NumPy, Pandas, SciPy, Scikit-learn)
  • Knowledge of the financial markets, portfolio construction, and quantitative approaches
  • Understanding of large-scale software code best practices (OOP, design patterns)
  • Experience with production software development tools (Git, AWS, Jira, Agile)
  • Exposure to traditional statistics, artificial intelligence, and machine learning in finance
  • Ability to work in a team environment and communicate effectively with team members, managers, and other colleagues
Responsibilities
  • Work directly with product owners to research and develop portfolio construction techniques that our clients use to tackle complex problems
  • Contribute high-quality, production code to the development of internal quant codebases
  • Solve analytically challenging problems to drive portfolio performance
  • Collaborate with web developers, cloud engineers, and data engineers to integrate our quantitative finance applications into the larger Boosted ecosystem
  • Play a part in the shared monitoring, support, and maintenance of existing applications

Boosted.ai enhances the investment decision-making process for institutional asset managers and wealth managers by providing AI-driven tools. Its platform features a virtual AI companion that offers insights into market events, accelerates stock research, and improves portfolio management. Users can customize the platform to fit their specific portfolios and investment strategies, as the algorithms analyze existing holdings, risk profiles, and investing styles to make personalized recommendations. The service aggregates information from numerous news sources and financial reports to deliver relevant trends and insights. Unlike competitors, Boosted.ai combines micro and macro analysis into a single platform, making it easier for clients to construct and manage their portfolios. The goal is to empower financial firms with machine learning software that improves productivity and supports data-driven investment decisions.

Company Stage

Series B

Total Funding

$46M

Headquarters

Toronto, Canada

Founded

2017

Growth & Insights
Headcount

6 month growth

0%

1 year growth

-8%

2 year growth

22%
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Simplify's Take

What believers are saying

  • Boosted.ai's inclusion in CB Insights' AI 100 list highlights its recognition as one of the most promising private AI companies globally.
  • The partnership with BlackBoxStocks expands Boosted.ai's reach into the retail investor market, potentially increasing its user base and revenue streams.
  • The launch of Boosted Insights for IAs demonstrates the company's commitment to scaling its technology to meet the needs of different types of investors.

What critics are saying

  • The highly competitive fintech market requires continuous innovation to maintain a competitive edge, posing a challenge for Boosted.ai.
  • Dependence on data quality and the accuracy of AI algorithms means that any discrepancies or errors could lead to suboptimal investment recommendations.

What makes Boosted.ai unique

  • Boosted.ai's platform uniquely combines micro and macro insights, offering a comprehensive view of individual stocks and overall market trends, unlike many competitors who focus on one or the other.
  • The company's AI-driven tools are highly customizable, allowing institutional asset managers and wealth managers to tailor the platform to their specific investment strategies and risk profiles.
  • Boosted.ai's ability to analyze vast amounts of data from over 60,000 news sources and earnings reports provides a significant edge in delivering timely and relevant investment insights.

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