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Omega


Total Posts: 441
Joined: Jul 2006
 
Posted: 2021-02-18 12:17
what kinds of roles are available for NLP in finance? are there any front office NLP roles and what kind of work is done

Its Grisha


Total Posts: 84
Joined: Nov 2019
 
Posted: 2021-03-12 01:04
Plenty in buy side equities in my experience, there's a lot of text surrounding individual names: required disclosures, conference call transcripts, news, social media. I've seen all of these used as signals in various formulations, both on the alpha and risk side.

The simple news sentiment alphas have weakened now that there are data vendors who have been selling this factor pre-packaged for a couple of years, but lots of interesting applications remain. I can't go into a lot of detail here unfortunately, but can confirm there are definitely "front office" NLP roles.

One caveat, I haven't met any people whose only job is NLP, from what I've seen the interest is more in quants who have some NLP experience as part of their toolkit. But maybe the biggest shops are hiring dedicated specialists. Personally I found this stuff quite boring because most of the work went into cleaning/normalizing the text before using some existing algorithm, but your mileage may vary.

"Nothing is more dangerous to the adventurous spirit within a man than a secure future."
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