Director, Margolis Markets Information Lab

  • University of Illinois at Urbana-Champaign
  • Champaign, IL, USA
  • Oct 28, 2021
Full-time Cloud Computing Computer Science Data Science Data Visualization Finance Information Systems (IS) Information Technology (IT) Statistics

Job Description

PRIMARY FUNCTIONS

The Gies College of Business at Illinois is a world leader in research, teaching, and public engagement. In 2020, the Gies iMBA program was named one of the top-ten "Biggest B-School Innovations of The Decade” by Poets and Quants. The college has also become a leader in experiential learning.  Gies provides the environment and resources that foster meaningful actions, empower students to make their mark, and put their purpose into practice – to make the world a better place.  Gies Business is committed to being a model for a diverse, equitable and inclusive community, being actively anti-racist, helping the next generation of business leaders do the same, and engaging the public and our corporate partners in these efforts. We are interested in candidates who will bring excellence to campus via outstanding research, teaching, and service.

The Department of Finance in the Gies College of Business, University of Illinois Urbana-Champaign seeks an energetic, results-driven individual for the position of Director of the Margolis Markets Information Lab and the Infinium Capital Management Trading Lab. The facility hosts state-of-the-art hardware and software platforms to support the instructional and research activities of the Department of Finance and the Gies College of Business. Its mission is to engage with students, faculty, and industry partners to promote the use of cutting-edge tools used in the financial industry for quantitative analysis of financial markets data, financial forecasting and modeling, trading simulation, business analytics, and risk evaluation and management. The Lab encourages innovative uses of instructional technology to facilitate experiential, hands-on learning and collaborative problem-solving in order to expand students’ understanding of modern finance.

The University of Illinois is an Equal Opportunity, Affirmative Action employer that recruits and hires qualified candidates without regard to race, color, religion, sex, sexual orientation, gender identity, age, national origin, disability or veteran status. For more information, visit http://go.illinois.edu/EEO.

SPECIFIC DUTIES AND RESPONSIBILITIES

Leadership/supervision of Lab (40%) The Director is responsible for oversight and management of all operations and staffing of the Lab. This individual is responsible for allocating resources efficiently and within the approved College budget, in compliance with University policy.

  • Identify and evaluate, on an ongoing basis, industry-leading software applications and data feeds that belong in the core knowledge of every finance professional. Work with faculty in the Department of Finance to integrate such tools into the curriculum of undergraduate and graduate degree programs.
  • Manage the MIL Fellows program, a highly selective intern program that prepares top students to serve as expert resources within the Lab.  Ensure that MIL Fellows are well-trained on key tools such as Bloomberg, CapIQ, Refinitiv, and be able to lead training tutorials on such content for other students.
  • Develop Lab policies and protocols to ensure the Lab maintains functionality and operates smoothly.
  • Coordinate with faculty and Lab interns to develop instructional materials and non-credit and certificate courses, recruitment, and training of student tutors, to allow students to gain proficiency in using software tools and applications such as Tableau, Power BI.
  • Coordinate with College IT Partners staff regarding acquisition, configuration, and maintenance of equipment and software for Lab.

Instruction (40%) The Director will develop and deliver 2-3 courses each academic year on programming languages such as Python/R/Julia/Stan and in specific content areas related to the candidate’s expertise, such as data science, derivatives, risk management, financial engineering, Fintech, algorithmic trading. Specific course assignments will be determined by the FIN department chair.

Strategy (10%) The Director plays a strategic role in working with other units within the Gies College of Business to identify synergistic collaborative opportunities that will enhance its mission of innovation in scholarship and teaching.

  • Work with department faculty to ensure that the department’s curriculum in data science and financial data analytics in the undergraduate and graduate programs is responsive to students’ competency development and industry partners’ talent demands.
  • Identify new initiatives such as the use of cloud technologies, AR, VR, quantum computing, to maintain the Lab’s position at the forefront of integrating technology and education.

Outreach (10%) The Director will build relationships with corporate partners in the business community in order to ensure that the Lab’s training curriculum and technology are aligned with industry requirements, and to build support for the Lab’s efforts.

QUALIFICATIONS

Candidates must possess a Master’s degree at a minimum, and have a combination of academic and professional work experience in the area(s) of finance, management information systems, data science, statistics, computer science, or related fields.

Minimum of five years of progressively more responsible positions in financial information technology or financial data analytics is preferred.

Excellent computer and analytical skills, as well as strong communication and writing ability, are vital. 

A suitable candidate should have experience in using quantitative approaches, data science, cloud technologies, and data visualization tools to solve problems in quantitative finance. 

The Director must be able to interact effectively with academics, students, corporate executives, university staff, and individuals of diverse backgrounds.

Good organizational skills and ability to follow through on projects are essential.

SALARY

Salary will be commensurate with rank and experience.

APPOINTMENT STATUS

This position is a 9-month, full-time specialized faculty appointment. Rank will be determined based upon applicant qualifications.

PROPOSED STARTING DATE

July 16, 2022

APPLICATION PROCEDURES

For full consideration, please click the "Apply Now" button on this page to create your candidate profile and select the position for which you are applying, then upload all required documents, including cover letter, c.v., contact information for three professional references, and a one-page statement explaining how you would execute the vision of this research center, no later than November 14, 2021. Applications will continue to be accepted until the position is filled. Interviews and inquiries may take place prior to the close date; however, no hiring decision will be made until after that date. Applications will not be accepted via mail or email.

For further information regarding application, you may contact Hanna Richmond at hrichmond (at) illinois (dot) edu.

The University of Illinois conducts criminal background checks on all job candidates upon acceptance of a contingent offer. Convictions are not a bar to employment. The University of Illinois System requires candidates selected for hire to disclose any documented finding of sexual misconduct or sexual harassment and to authorize inquiries to current and former employers regarding findings of sexual misconduct or sexual harassment. For more information, visit Policy on Consideration of Sexual Misconduct in Prior Employment. As a qualifying federal contractor, the University of Illinois System uses E-Verify to verify employment eligibility. University of Illinois faculty, staff and students are required to be fully vaccinated against COVID-19. If you are not able to receive the vaccine for medical or religious reasons, you may seek approval for an exemption in accordance with applicable University processes.

Job ID

154761