Provost's Office, Stony Brook University, and
Applied Mathematics, Economics, Mathematics, and College of Business

Position ID:SBU-Provost's Office-AP [#3507]
Position Title: Assistant/Associate Professor
Position Type:Tenured/Tenure-track faculty
Position Location:Stony Brook, New York 11794, United States [map]
Subject Areas: Finance / Applied Mathematics and Statistics, Economics, Business, Mathematics
Appl Deadline: finished (posted 2013/10/23, updated 2014/10/26, listed until 2014/04/23)
Position Description:    

*** this position has been closed, and no new applications will be accepted. ***

Interdisciplinary Faculty Cluster Hiring Initiative

The Center for Finance is part of an Interdisciplinary Faculty Cluster Hiring Initiative, undertaken in accordance with SUNY 2020 plan to hire 200 faculty members. The interdisciplinary faculty cluster hires are aimed at addressing society’s most vexing challenges through the collaboration of natural, life, and social sciences; technology; medicine; humanities; policy; business; and the arts. The positions are designated for faculty members whose research and teaching interests are interdisciplinary. The strategic goals of this initiative are to place Stony Brook University on the emerging frontiers of research and knowledge and to enhance our ability to shape new fields of discovery, learning and engagement.

Cluster Hires in the Center for Finance

Modern financial research requires an interdisciplinary environment encompassing empirical, quantitative and theoretical finance. Stony Brook University's new Center for Finance seeks to establish a leadership position in research related to high-frequency investment finance (empirical analysis of trading; risk assessment and management; valuation of structured instruments; portfolio choice and optimization; asset liability management and insurance), banking (credit supply and demand; role in monetary policy) and regulation (effective mitigation of risk and volatility; optimal capital regulation). Current cluster faculty are from Business, Applied Mathematics and Statistics, Economics, Mathematics, Computer Science, and Electrical Engineering. The cluster will recruit a total of six new faculty over the next three years in selected areas of expertise.

Year 1 - Three Tenure-track Faculty Members

Currently we seek to hire two tenure-track faculty members at the Assistant or Associate Professor level to begin Fall 2014 in two of the following areas.

financial economics and asset pricing: We seek an innovative candidate whose research centers on models that enhance the understanding of frictions in financial markets, such as credit constraints, liquidity, investor heterogeneity, portfolio and insurance decisions, and the potential presence of investor irrationality. Important issues involve understanding the behavior of average returns over time, in particular why investors demand higher returns on stocks than bonds, why excess returns are time-varying, whether excess returns are procyclical or countercyclical, and the effects of financial intermediation.

banking and finance: The new hire would add to a core group in financial intermediation. The successful candidate would be expected to conduct high-quality empirical or theoretical research focused on risk management and regulation of financial institutions.

risk management and control: This position will complement the research conducted by the financial intermediation and quantitative finance groups. We seek a strong candidate whose research focuses on evaluating and managing risks of financial institutions, and how government regulatory agencies manage aggregate risk exposure and allocate risk across society through laws and regulations.

quantitative finance: We seek a quantitative researcher with expertise in large portfolio analysis. The position requires supercomputing skills in order to perform risk analyses, asset valuation and optimization of huge portfolios.

financial econometrics: The candidate’s research should demonstrate strong promise in terms of methodological advances and state-of-the-art methodologies and concepts in the analysis of large data sets which flow continuously. The successful candidate will interact with faculty in the center, contributing methodological expertise to the data problems arising in a variety of fields.

Based on the area of research, academic appointment will be in the College of Business, the Department of Economics or the Department of Applied Mathematics and Statistics. Candidates must have a PhD relevant to the area of research, demonstrated excellence in innovative research, and ability to teach at the undergraduate and graduate levels.

We are also seeking a tenure-track faculty member at the level of Professor to begin on or before Fall 2015 in the area of mathematical finance. We seek to hire a senior faculty member in probability theory with strong credentials in practical or academic finance. The position will complement existing strengths in analysis and geometry and contribute to a leadership position in information geometry and its application to finance. This academic appointment will likely be in Mathematics.

Application Procedure

To apply, submit: a brief cover letter; a complete curriculum vitae; copies of three to five reprints; a statement of proposed research; a statement of teaching interests, a state employment application, and have three letters of recommendation submitted through AcademicJobsOnline at Electronic submission of materials (PDF formate) is highly preferred. Alternatively, materials may be sent to:

Center for Finance Search Committee

Department of Applied Mathematics and Statistics

Stony Brook University

Stony Brook, NY 11794-3600

For a full position description, and application procedure, visit (Ref #F-8256/13/10). Application review will begin November 2013. Stony Brook University/SUNY is an affirmative action, equal opportunity educator and employer.

Application Materials Required:
Submit the following items online at this website:
And anything else requested in the position description.

Further Info:
Center for Finance Search Committee
Department of Applied Mathematics and Statistics
Stony Brook University
Stony Brook, NY 11794-3600

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