Senior Faculty Position in Financial Innovation
- Employer
- Stevens Institute of Technology
- Location
- New Jersey, United States
- Salary
- Not Specified
- Date posted
- Jun 26, 2017
View more
- Position Type
- Faculty Positions, Business & Management, Accounting & Finance, Other Business & Management
- Employment Type
- Full Time
School of Business
Senior Faculty Position in Financial
Innovation
Effective Job Requisitions: RQ16988 Professor in Financial Innovation (Open)
Job Posting Title: Professor in Financial Innovation
Job Description Summary: The Senior Faculty
position in Financial Innovation will lead the newly-created
Program for Financial Innovation.
The School of Business at Stevens Institute of Technology is
seeking applications for a senior faculty position in the area of
financial innovation who will lead its newly-created Program for
Financial Innovation. Candidates for this position should have a
background ideally combining some or all of the following areas:
finance and financial analytics, economics of innovation, computer
science, and policy analysis, with specific research interests in
the areas of innovation, financial analytics or financial
technologies. Experience in working with industry – for example,
with banks, insurance companies, fintech companies, venture capital
firms, or crowdfunding companies – would be a plus. A deep
understanding of financial processes, including those surrounding
alternative assets, would be a plus. A record of research
excellence as demonstrated through top publications and research
grants, as well as extensive experience in institution building
within an academic environment is mandatory. Demonstrated ability
to build relationships with industry and other academic
institutions is desirable.
We are looking for candidates whose research has the potential to
significantly impact society. Candidates might demonstrate this
impact by explaining how their research will contribute to our
understanding of the innovation processes involved in the design
and launch of new financial products, their impact on society, the
factors affecting the innovation process, the impact of technology,
the ethics implications, and the subsequent need to adapt
supervisory and regulatory practices in order to foster
innovation.
In addition to the social impact of the candidate’s research, we
invite applicants who can demonstrate the scholarly merit and
impact of their research. We are looking for researchers with
strong methodological skills, and with some experience in policy
studies related to innovation, regulation, the financial sector
and/or financial innovation.
Candidates should exhibit the potential for continued excellence in
research and teaching. Industry and/or government experience within
these fields is a plus. The position will require the successful
candidate to maintain a balance between research, teaching and
leadership around the theme of financial innovation.
About the Program: The Program for Financial
Innovation in the Digital Age, established at Stevens Institute of
Technology with the support of the Charles Koch Foundation, is a
consortium of School of Business faculty members and PhD students.
It addresses the study of financial innovation in the digital age
through a program of multi-disciplinary research. The study of
innovation as it is related to finance exhibits continuous
interaction between (a) the producers of information technologies
and the financial service companies as users of these technologies;
and (b) the financial service companies as providers of innovative
financial instruments and the end-users of financial products. Both
these aspects are of core importance to the Program. The nature of
the financial services sector as highly internationalized (spanning
geographical boundaries), highly technologically advanced, highly
competitive, highly human and physical capital-intensive, and
extensively regulated gives it a special character that requires a
multi-faceted approach to the study of the sector’s innovative
processes. The following areas of study will be pursued:
• The conceptual understanding of innovation processes in the financial services sector and how they are different from in the manufacturing sector and other sectors traditionally studied in the field of economics of technological change. This is the theoretical component of the research, drawing upon the methods of the economics of technological change and innovation, technology management, social and physical network analytics, and financial engineering.
• The empirical analysis underlining and enabling conceptualization which requires extensive data gathering on all different fronts mentioned previously. This activity will feature prominently the structured interaction with end-users and originators of financial products and an understanding of the mathematics of risk transfer and efficient allocation of capital. This is the empirical component of the research, drawing upon methods in economics, empirical finance, social sciences and financial engineering.
• The development of a design discipline for financial products which links financial engineering with knowledge from other disciplines including entrepreneurship, ethics, leadership and engineering design.
• The study of the regulatory environment and its effect on innovation – and vice versa. National and international regulation has been a particularly important feature of the operating environment of financial services around the world and has tended to deeply affect innovation processes in the sector. Regulation has also affected the extent to which important innovations are introduced by non-incumbents. This is the policy component of the research. Legal experts, regulators and policymakers will be brought in to contribute to these issues.
• The study of all of the above at the international level to underscore the fact that the financial services sector is extensively globalized with multiple important centers of activity around the world – besides the largest one sitting next to our School.
The Program will bring together senior academics with industry
leaders and federal and state regulators to articulate important
research questions and to develop its research agenda. Through the
Program, junior faculty members will be provided opportunities to
apply their research skills and to develop more focused research
agendas, and PhD students to identify dissertation topics.
The Program’s output will include scholarly contributions on
specific research questions, educational activities, and
contributions to policy debates. It could become a prime example of
evidence based policy making and, when successfully implemented, it
is intended to be a national resource.
About the School: Stevens Institute of Technology
is a private institution located in Hoboken, NJ, directly across
the Hudson River from New York City. Hoboken is a vibrant, walkable
community in close proximity to Manhattan and has been ranked among
the 12 best college towns in the country by Princeton Review. The
School of Business has a special focus on technology and innovation
and encourages interdisciplinary research. The school offers MBA
and Executive MBA degrees, eight Masters degrees in areas such as
Finance, Financial Engineering, Business Intelligence &
Analytics, Information Systems, and, a Doctoral program in Business
Administration, as well as undergraduate degrees in Business and
Quantitative Finance. The School of Business is AACSB accredited,
and several of its graduate programs have been ranked among the top
10 in the country. Stevens Institute of Technology works closely
with local and global industries as well as government
organizations on various research projects. Please visit our
webpage for further details: www.stevens.edu/business
How to Apply: Candidates are invited to apply via
the Stevens Institute of Technology website at https://www.stevens.edu/directory/division-human-resources/employment-opportunities"
href="https://www.stevens.edu/directory/division-human-resources/employment-opportunities">https://www.stevens.edu/directory/division-human-resources/employment-opportunities
(Requisition RQ16988) and also to submit a cover
letter expressing their interest in the position, a current CV, a
statement describing their specific areas of research interest in
the area of financial innovation, a proposed research agenda to
grow the program, and three references to: Susan Pavelchak, School
of Business, Stevens Institute of Technology, Hoboken, NJ 07030
(spavelch@stevens.edu).
The School of Business at Stevens values diversity and seek
candidates who can contribute to a welcoming climate for students
of all races and genders. Stevens is an NSF ADVANCE institution
committed to equitable practices and policies. We strongly
encourage qualified women and minority candidates to apply.
1. According to the Financial Times Lexicon, “Financial innovation
can be defined as the act of creating and then popularizing new
financial instruments as well as new financial technologies,
institutions and markets. It includes institutional, product and
process innovation.”
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