Data Scientist, Equity Research

CFRA Research; India; On-site; INR 1,500,000 - 2,500,000; Full time

Benefits offered by this job

Vacation 21 days

Sick days 8

Volunteer day

Holidays 11-13

Health Insurance

Life & Disability Insurance

Competitive Pay

Annual Performance Bonus

Job summary

CFRA Research in India is seeking a Data Scientist to join our equity research technology team. You will design and deploy quantitative models, apply machine learning, and translate financial data into research-grade signals used by analysts and clients.

You will collaborate with analysts and engineers, work with structured and unstructured data, and contribute to forecasting, valuation, and investment analytics. CFA progress and equity research exposure are valued.

Qualifications

• Bachelor's or Master's in a quantitative field.
• 3+ years in data science / quantitative analytics, preferably in finance.
• CFA charter or progress toward CFA preferred.
• Strong Python and SQL proficiency.
• Experience with NLP on financial text is a plus.
• Ability to collaborate with analysts and engineers.

Responsibilities

• Design, build, and maintain quantitative models and ML pipelines for equity research.
• Partner with analysts to translate methodologies into data-driven models.
• Source, clean, and engineer features from financial data and transcripts.
• Develop and validate predictive models and communicate results.
• Build data pipelines and automate model refresh.
• Collaborate with software teams to deploy models.
• Perform exploratory data analysis to identify signals.
• Document methodologies and model limitations.
• Stay updated on quantitative finance and NLP techniques.

Skills

Statistical modeling

Machine learning

Financial markets knowledge

Data storytelling

Analytical thinking

Project management

Education

Bachelor's or Master's in Data Science, Statistics, Computer Science, Financial Engineering, Economics

Tools

Python (pandas, NumPy, scikit-learn)

SQL

AWS

Git

NLP for financial text

Job description

Data Scientist, Equity Research

Department: Technology

Employment Type: Full Time

Location: India

Description

CFRA is looking for a Data Scientist to join our equity research technology team in India. This role sits at the intersection of quantitative finance and data science, applying statistical modeling, machine learning, and financial domain expertise to build tools that power CFRA's independent equity research and investment analytics platforms.

The ideal candidate combines strong data science and programming skills with a genuine grounding in financial markets and equity analysis - someone who can translate raw financial data into research-grade signals, models, and insights that analysts and clients rely on. A CFA charter (or progress toward one) and hands‑on equity research experience are strongly preferred, as this role requires close collaboration with research analysts and a working understanding of financial statement analysis, valuation, and investment methodology.

Key Responsibilities

• Design, build, and maintain quantitative models and machine learning pipelines that support equity research, stock screening, and investment analytics
• Partner with equity research analysts to translate research methodologies (valuation, financial statement analysis, earnings quality, sector-specific frameworks) into scalable, data-driven models
• Source, clean, and engineer features from structured and unstructured financial data, including fundamentals, market data, earnings transcripts, and alternative data sets
• Develop and validate predictive models (e.g., earnings forecasts, factor models, risk scoring) and communicate results to both technical and non-technical stakeholders
• Build and maintain data pipelines and automated workflows for ongoing model refresh and monitoring
• Collaborate with software engineering teams to productionize models within CFRA's research and analytics applications
• Perform exploratory data analysis to identify new signals, themes, or anomalies relevant to equity research
• Document methodologies, assumptions, and model limitations to institutional research standards
• Stay current on developments in quantitative finance, NLP for financial text, and machine learning techniques applicable to investment research

Skills, Knowledge and Expertise

• Bachelor's or Master's degree in a quantitative field such as Data Science, Statistics, Computer Science, Financial Engineering, Economics, or related discipline
• 3+ years of experience as a data scientist, quantitative analyst, or similar role, ideally within financial services, asset management, or equity research
• CFA charter, or active progress through the CFA Program (Level II/III candidates strongly considered), with practical experience in equity research, valuation, or investment analysis
• Strong proficiency in Python for data science (pandas, NumPy, scikit-learn; exposure to PyTorch/TensorFlow a plus)
• Solid grounding in statistics and machine learning techniques: regression, classification, time-series analysis, and factor/risk modeling
• Proficient in SQL and working with large financial datasets from relational databases and data warehouses
• Experience with financial statement analysis, equity valuation methods (DCF, comparables, precedent transactions), and market data sources (e.g., Capital IQ, FactSet, Bloomberg)
• Experience with NLP techniques applied to financial text (earnings call transcripts, filings, news) is a plus
• Familiarity with cloud platforms (AWS preferred) and version control (Git)
• Excellent analytical, written, and verbal communication skills, with the ability to explain complex quantitative concepts to research and business stakeholders
• Strong attention to detail and a rigorous, hypothesis-driven approach to analysis
• Ability to manage multiple projects and deadlines in a fast-paced research environment

Preferred Qualifications

• Prior experience at a sell-side or buy-side research firm, credit rating agency, or independent research provider
• Exposure to alternative data sources (satellite, web-scraped, transaction data) for investment research
• Familiarity with backtesting frameworks and portfolio construction concepts

Benefits

• 21 days of Vacation
• 8 Sick Days
• 1 paid volunteer day
• 11 - 13 Holidays a year
• Health Insurance
• Company paid Life & Disability Insurance
• Competitive Pay
• Annual Performance Bonus