Assistant Professor or Associate Professor Financial Stochastics

Job description

The Applied Probability group is looking for an ambitious and
enthusiastic Assistant Professor with a specialization in Mathematical
Finance. Depending on the candidate’s qualities, an appointment at the
level of Associate Professor can be considered.
Your responsibilities include:
* research in the area of probability theory, more precisely in the area
of financial mathematics.
* supervising Bachelor and Master students in their graduation projects.
In addition, the candidate is expected to be active in acquiring and
managing externally funded research projects.


Research at Delft Institute of Applied Mathematics (DIAM) is conducted
in six research groups: Analysis, Applied Probability, Mathematical
Physics, Numerical Analysis, Optimisation, and Statistics. Our research
on the construction and analysis of mathematical models related to
science and engineering is both fundamental and applied in nature and is
often inspired by technical and societal challenges. We have, for
instance, tackled complex mathematical problems to develop a model for
predicting the flow of ash pollution after a volcano eruption. To come
up with innovative solutions we maintain intensive contact with other TU
Delft departments, technological institutes and research departments.

Besides research, education is an important cornerstone of our
department. We teach the Applied Mathematics BSc and MSc programmes, as
well as mathematics courses within other programmes at TU Delft, and
national programmes such as “MasterMath”. Together with KTH Royal
Institute of Technology (Sweden) and the Technical University of Berlin
(Germany) we have also initiated the international joint Master’s
programme COSSE (Computer Simulations for Science and Engineering).

We value the great atmosphere at our institute and pride ourselves on
our sense of community and the spirit of “getting things done together”,
which we combine with mutual appreciation for individual success. To
foster interaction and cooperation, we organize lunch seminars where
colleagues from the various sections discuss their work, and we arrange
an annual social activity where all staff members interact informally to
get to know each other in a different setting. Our open and transparent
way of communicating is reflected in the way we interact with one
another and forms the basis for the way we work together to help each
other achieve our goals as a team.

The Applied Probability group is one of the key research groups at Delft
Institute of Applied Mathematics (DIAM), which forms an integral part of
the Faculty of Electrical Engineering, Mathematics and Computer Science
(EEMCS). The group performs a broad spectrum of research in the areas
mathematical statistical physics, interacting particle systems, ergodic
theory, finance and risk.
Important common themes of the Institute are partial differential
equations, data science and mathematical finance.


The candidate should be a university graduate with a PhD in Mathematics
(with specialization probability theory) and is expected to have strong
affinity with and motivation for mathematical finance. You have a proven
track record in your research field with a specific emphasis on
probability as evidenced by refereed publications in high-quality
journals. The candidate is an enthusiastic team player, is able to make
significant contributions to research, and has excellent teaching skills.

Conditions of employment

For candidates at the Assistant Professor level we offer an initial
temporary position for a year with the prospect of a permanent contract.
The duration of the temporary position is depending on (academic)
experience. At the start of your employment, you will create a
development in consultation you’re your and the hr advisor in which
expected performance and (soft) skills criteria are formulated. You will
receive formal feedback on performance and skills during annual
assessment meetings and during a formal evaluation after a maximum of
2.5 years. If the performance and skills are evaluated positively, you
will be employed in a permanent Assistant Professor position.

For candidates at the Associate Professor level we offer an initial
temporary position of one year with the prospect of a permanent
contract. After a positive performance assessment, you will be employed
in a permanent Associate Professor position.

The salary range for an Assistant Professor position is 3.637 – 5.656
euro gross per month. The salary range for an Associate Professor
position is 5.039 – 6.738 euro gross per month. Starting salary for
Assistant and Associate Professor is based on level of knowledge and
(postdoctoral) experience.

TU Delft offers a customisable compensation package, a discount for
health insurance and sport memberships, and a monthly work costs
contribution. Flexible work schedules can be arranged. An International
Children’s Centre offers childcare and an international primary school.
Dual Career Services offers support to accompanying partners. Salary and
benefits are in accordance with the Collective Labour Agreement for
Dutch Universities.

TU Delft sets specific standards for the English competency of the
teaching staff. TU Delft offers training to improve English competency.

Inspiring, excellent education is our central aim. If you have less than
five years of experience and do not yet have your teaching certificate,
we allow you up to three years to obtain this.

TU Delft (Delft University of Technology)

Delft University of Technology is built on strong foundations. As
creators of the world-famous Dutch waterworks and pioneers in biotech,
TU Delft is a top international university combining science,
engineering and design. It delivers world class results in education,
research and innovation. For generations, our engineers have proven to
be entrepreneurial problem-solvers both in business and in a social
context. TU Delft offers 16 Bachelor’s and 32 Master’s programmes to
more than 23,000 students. Our scientific staff consists of 3,500 staff
members and 2,800 PhD candidates. Together we imagine, invent and create
solutions using technology to have a positive impact on a global scale.

Faculty Electrical Engineering, Mathematics and Computer Science

The Faculty of Electrical Engineering, Mathematics and Computer Science
(EEMCS) brings together three disciplines - electrical engineering,
mathematics and computer science. Combined, they reinforce each other
and are the driving force behind the technology we use in our daily
lives. Technology such as the electricity grid, which our faculty is
helping to make future-proof. We are also working on a world in which
humans and computers reinforce each other. We are mapping out disease
processes using single cell data, and using mathematics to simulate
gigantic ash plumes after a volcanic eruption. There is plenty of room
here for ground-breaking research. We educate innovative engineers and
have excellent labs and facilities that underline our strong
international position. In total, more than 1,100 employees and 4,000
students work and study in this innovative environment.

Additional information

For information about this vacancy, you can contact Prof. Frank Redig,
Full Professor, email:, tel: +31 (0)15-2789706.
For information about the selection procedure, please contact Miriam
Heemskerk MSc, HR-advisor, email:

Application procedure

To apply, please email, before August 23, 2020, a detailed CV that
includes a list of publications, two letters of recommendation, and a
research and teaching statement along with a letter of application to mentioning vacancy TUD00229.

A pre-employment screening can be part of the application procedure.

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