Faculty Position in Financial Engineering

We invite applications for a full-time, on-site permanent appointment at one of three levels in the Financial Engineering Group in the Department of Engineering at Reykjavik University. We strive to appoint faculty with the ambition to be academic leaders committed to producing internationally competitive research and highly qualified graduates. Our research is founded on a critical and quantitative approach to studying various areas of financial engineering including volatility modelling, numerical approximation schemes, machine learning techniques in finance, investment management, inflation modelling, financial stability, risk management and financial markets. The position can range from Assistant Professor to Full Professor, depending on the current qualifications and status of the applicant. An evaluation will be carried out to determine the rank of the successful applicant. Duties: The successful applicant will teach approximately three courses per year and is expected to advise MSc and PhD students. The faculty member is expected to develop courses within quantitative finance, with particular emphasis on the application of financial engineering techniques to the quantification and the management of market and corporate risk. The faculty member is expected to develop and obtain funding for research projects and carry them to fruition, successfully mentoring graduate students and post-doctoral researchers. The faculty member will also be expected to participate in administrative and outreach duties at the Department and University levels. Requirements: A PhD in Financial Engineering, Mathematical Finance, Statistics, Mathematics, Engineering, or a related field. A track-record of quality, independent and relevant research. Experience in teaching courses that are relevant to financial engineering is required, and experience in designing and organizing courses would be beneficial. Experience in working in or with the financial services industry is desirable. Interpersonal skills and the capability of working with diverse teams in disparate fields are desired. English fluency is required. Applications Process: Applications should be submitted through the university's online applications website and should include the following documents: A cover letter specifying whether the candidate is applying for an appointment as an assistant, associate, or full professor. A CV with a full list of publications. Copies of relevant certificates and diplomas. A research statement. A teaching statement. Any other relevant information the applicant wishes to supply. The names, institutional addresses, email addresses, and telephone numbers of three potential references. For further information, interested candidates are invited to contact the Chair of the Department of Engineering, Dr. Ármann Gylfason (armann@ru.is), or Jón Emil Sigurgeirsson (jones@ru.is), Human Resource Specialist. The position is open until filled, with intended starting date in January 2024. Later starting dates can be negotiated. The review of the applications begins immediately and continues until the position has been filled. About the Financial Engineering Group The Financial Engineering Group (FEG) is focused on three pillars: markets and risk management,computational finance, and the mathematics of finance. The group is responsible for 11 courses across the undergraduate and master’s degrees, each course emphasizing these pillars to varying degrees. FEG is located in the Department of Engineering, which offers a lively and collegial working environment with good facilities and an international faculty. About RU Reykjavik University aims to create an international workplace that celebrates diversity and is characterized by respect for the individual. Equal opportunities for progression and salaries are essential values at RU as stated in our HR policy. We especially welcome international applications and applications from women and offer relocation assistance. The university has seven departments: Business Administration, Law, Psychology, Sport Science, Computer Science, Engineering, and Applied Engineering. Education and research at RU are based on strong ties with industry and society. We emphasize interdisciplinary collaboration, international relations, and entrepreneurship. Reykjavik University currently has around 3700 students and 250 faculty and employees, and numerous adjunct faculty members. On the Times Higher Education rankings for 2022, Reykjavík University is ranked first with eight other universities for the average number of citations per faculty. Overall, Reykjavik University is ranked among the 350 best universities worldwide and first among Icelandic universities. It was ranked 54th among all universities established fewer than 50 years ago in the 2021 rankings.

Last updated: 5 September 2023