Trumid Labs | New York, NY | Full-time | Onsite | Multiple Data Science Positions
Trumid Labs is the quantitative analytics group within Trumid. Labs uses data science to maximize the network effect across Trumid’s products and services. Trumid Labs' marquee product, FVMP, is an adaptive model that produces real time prices for approximately 22,000 corporate bonds based on price movements from multiple data sources. Additionally, Labs is responsible for drawing business insights from Trumid's internal data, and building out the company's data infrastructure. Check out FVMP here: https://www.trumid.com/labs.html
About Trumid
Trumid is a financial technology startup bringing efficiency to credit trading through data, technology and beautifully simple products. Trumid was founded in 2014 by credit professionals with over 100 years of combined trading experience and is headquartered in New York.
If you’re interested in any of our roles, email me with your resume at [email protected]
== Junior Data Scientist / Engineer ==
Trumid Labs is looking for a junior data scientist / engineer eager to make an impact at a growing company. The products you work on directly affect business operations and our clients. This is a position where you’ll be expected to take on tasks that range from higher level data modeling to low level infrastructure and network setup. The successful candidate possesses intellectual curiosity and the ability to collaborate with other teams across the organization.
Example Projects
- Write an ETL pipeline to report metrics on user activity and create corresponding visualizations in Tableau
- Improve the natural language processing behind our internal chatbot tool
- Collaborate with the sales team to provide business analytics and reporting
- Research incremental improvements to our FVMP product and productionize your improvements
== Quant Researcher / Engineer ==
Trumid Labs is looking for an experienced quant research / engineer to take ownership of Trumid Labs’ core product, FVMP. You will be responsible for driving innovations in FVMP as well as providing day-to-day support. You will also take lead on building new data products to complement FVMP. The successful candidate will be a self-starter, intellectually curious and possess the ability to see a project through from research to production. (Note: Trumid writes all of our own production code).
Example Projects
- Research and productionize improvements to the underlying process model that drives FVMP
- Improve outlier detection of the data going into FVMP using a machine learning model
- Build derivative products from FVMP, such as a service that generates pairs trading ideas by looking at historical correlations of FVMP
From the article, it sounds like donors can use DAFs to get a higher tax deduction. When someone donates directly to a charity, the deduction he gets is the cost of the donation. However, when someone donates to a DAF, the deduction is the current appraised value of the donation. This matters when you consider that donations aren't just cash, but also art, real estate, non-traditional financial securities, etc. and the different between cost and current appraised value is substantial.
Isn't this exactly what's supposed to happen at big banks? I thought we wanted the equity research department to be separate and not conflicted with capital markets?
I think its wrong to think that any accounting system can ever be made to be appropriate for all industries (GAAP, IFRS, or anything else). They each require 100s of decisions and assumptions that may bias or mislead investors one way or another; its not like any one of those decisions is the "right" one either. Its more important that we make sure investors are aware of what those pitfalls are. Not to mention, the cost of asking every US company to switch to IFRS would be enourmous (though i'm sure the big 4 accounting firms wouldn't mind).
As a side note, GAAP definitely isn't industry agnostic. For example, FASB (the financial accounting standards boards) issues guidance on revenue recognition for all sorts of companies and the guidance for a software company is very different than the guidance for your generic widget manufacturer.
Well, leverage is kind of a separate is from whether or not your entering into a derivative contract or making an investment in the underlying asset. Bu the simple answer is, the more you lever up any investment, the more money you stand to make.
Interesting, could this be the beginning of something like WeChat for businesses, where every business function you think of can just be completed on Slack? I doubt there's anything about the U.S. market that makes these non-open / corporation controlled platforms undesirable (as some other comments suggest); after all, Windows dominates the business landscape. Its just a question of whether Slack can go from convincing start ups x,y and z to use these apps, to convincing Fortune 500 companies to take the plunge.
Staples / Office Depot, Time Warner / Comcast (not officially blocked but called off due to regulatory approval), T-Mobile / AT&T. Those are just some recent big ones I can remember off the top of my head.