PhD fellow in Blockchains for Complex Business Processes and Automated Market Makers

Department of Computer Science, Faculty of Science at University of Copenhagen is offering a PhD scholarship in Blockchains for Complex Business Processes and Automated Market Makers commencing 1 May.2021 or as soon as possible thereafter.

Description of the scientific environment

The PhD project will be hosted by the Programming Languages and Theory of Computing (PLTC) Section and affiliated to the DIREC research center (DIREC.dk). Much of the work in the PLTC section involves topics in the intersection of programming language theory (e.g., algorithmic aspects of programming and formal verification), and applications (e.g., computer security and privacy, systems, distributed ledger technology, and fintech).  We focus in particular on methods for the development and implementation of new technologies in the applicable context with emphasis on generating actionable inisights with high socio-economic or commercial impact. The research is often carried out in an interdisciplinary context and in collaboration with stakeholders in industry. In particular, the student will be a member of the Financial Transparency (FTG) research group.

Research at the FTG emphasizes the implementation and commercial or socioeconomic implications of executing financial services with blockchain and distributed ledger technology. Notable contributions by members of the group include the tokenization of traditional asset-classes, alongside work on the execution of derivative contracts on distributed ledger technology. The FTG is involved with several interdisciplinary initiatives and actively participate in research projects on decentralized governance and emerging markets financial infrastructure and has members from the legal, and economic sections of the university as well as the Copenhagen Business School. .

More information on the section and research group can be found on their respective websites:
https://di.ku.dk/english/research

Project description

The PhD will be part of the AI and Blockchains for Complex Business Processes project, which investigates methods and tools that enable industry to develop new efficient solutions for exploiting the huge amount of business data generated by enterprise and blockchain systems.

Your PhD project will focus on automated market makers (AMMs), an emerging field at the intersection of computer science, applied economics and financial mathematics. You will design and implement automated market making protocols addressing existing issues such as impermanent loss, slippage and exposure to multiple asset-classes alongside new and emerging challenges in the field.

In particular, you will build on previous work in industry and academia towards achieving greater capital efficiency while aligning incentives amongst complex and diverse stakeholder groups. You will implement these advances as part of multiple open source projects collaborating with leading organizations and open-source projects, including the eToro Group and MakerDAO.

As a strong candidate, you will have extensive experience in financial computation. Prefereably you will hold competencies from existing experience with blockchain technology, distributed ledger technology or distributed database architecture. A strong knowledge of mathematics is an advantage.

During your PhD project, you are expected to both advance the foundations of the field through research, while modelling, implementing and releasing open source projects.

The results of the PhD project are expected to be published in top interdisciplinary and domain specific venues in the computer science, informations systems, finance, and the economics disciplines. You will be expected to present and discuss your research at leading conferences in both industry and academia.

Principal supervisor is Associate Professor Omry RossDepartment of Computer Science, omri@di.ku.dk. Co-supervisor is Associate Professor Cosmin E. Oancea , Department of Computer Science, University of Copenhagen.

Job description

The position is available for a 3-year period and your key tasks as a PhD student at SCIENCE are:

  • To manage and carry through your research project
  • Attend PhD courses
  • Write scientific articles and your PhD thesis
  • Teach and disseminate your research
  • To stay at an external research institution for a few months, preferably abroad
  • Work for the department

Formal requirements

Applicants should hold an MSc degree in Computer Science, Mathermatics, Engineering or related areas with good results and good English skills. However, strong candidates the position is also available as an integrated MSc and PhD, see below for details. As criteria for the assessment of your qualifications, emphasis will be laid on previous publications (if any) and your educational background in the relevant areas.

Terms of employment

The position is covered by the Memorandum on Job Structure for Academic Staff.

Terms of appointment and payment accord to the agreement between the Ministry of Finance and The Danish Confederation of Professional Associations on Academics in the State.

The starting salary is currently at a minimum DKK 330,284 (approx. €44,000) including annual supplement (+ pension up to DKK 53,674). Negotiation for salary supplement is possible.

Integrated MSc and PhD Scheme

The position is also available for candidates who are (or are eligible to be) enrolled at one of the faculty’s master programmes in Computer Science. The duration of the integrated programme depends on the amount of credits that you have passed on your MSc programme. For further information about the study programme please see: https://www.science.ku.dk/phd, “Study Structures”.

Scholarship and terms of employment for integrated MSc and PhD
PhD grant portions (Ph.D.
SU klip)

In the period up to the completion of the MSc programme (up to three years), the student is entitled to so-called PhD grant portions. The grant portions are financed by the grant donor but not by the Danish State Educational Grant and Loan Scheme Agency (as is the case for the ordinary study grant portions on the BSc and MSc programmes). They are called PhD grant portions because this kind of remuneration is regulated and described in the Executive Order on the State Educational Grant and Loan Scheme in Denmark (SU‐bekendtgørelsen), and because the value of a PhD grant portion corresponds to the value of an ordinary Danish study grant portion. Students are awarded 48 PhD grant portions during the period of their MSc and PhD studies.
48 PhD grant portions at DKK 6,321 each, corresponding to DKK 303,408 (approx. €40,450).

'Duty work'

As a supplement to the PhD grant portions, the student may, in accordance with the collective agreement of the Danish Confederation of Professional Associations (AC), be offered 'duty work'. In the period up to the completion of the MSc programme, students performing 'duty work' are paid by the hour. UCPH has decided to offer students on integrated MSc and PhD schemes 150 hours of 'duty work' per year during Part A of the programme (until two years of the combined programme of study remain). 'Duty work' during Part A if it has a duration of three years: 450 hours at a rate of DKK 219.23 (+ 12.5% holiday pay), corresponding to DKK 110,984 (approx. €14,790)

For further information about Part A please see: https://www.science.ku.dk/phd/studystructure/integratedphd/

Salary in accordance with the collective agreement with the Danish Confederation of Professional Associations (AC)

In the period after the completion of the MSc programme, the student is employed as a PhD scholar and is remunerated in accordance with the collective agreement with the Danish Confederation of Professional Associations (AC). The scheme is arranged in such a way that students graduate from the MSc programme at a time when there are two years left of the integrated programme. For this reason, the salary must be paid for a period of two years in accordance with the collective agreement with the Danish Confederation of Professional Associations (AC). The amounts specified include a supplement locally agreed upon as well as pension contributions: Salary as a PhD scholar: 24 months at a rate of DKK 31,996 (including pension contributions and supplement), corresponding to DKK 767,918 (approx. €102,380).

Application Procedure

The application, in English, must be submitted electronically by clicking APPLY NOW below.

Please include

  • Cover Letter, stating which PhD project you are applying for and detailing your motivation and background for applying for the specific PhD project.
  • A short research proposal. (Max 2 pages.)
  • CV
  • Diploma and transcripts of records (BSc and MSc)
  • Acceptance Letter for the relevant MSc Programme at SCIENCE, if any
  • Other information for consideration, e.g. list of publications (if any),
  • 1-3 reference letters (if any)

Reference letters must be uploaded by the applicant him/herself. The recruiting person must NOT  obtain reference letters which content is not known to the applicant him/herself. This is against Danish law.

The University wishes our staff to reflect the diversity of society and thus welcomes applications from all qualified candidates regardless of personal background.

The deadline for applications is February 28 2021, 23:59 GMT +1.

After the expiry of the deadline for applications, the authorized recruitment manager selects applicants for assessment on the advice of the Interview Committee. Afterwards an assessment committee will be appointed to evaluate the selected applications. The applicants will be notified of the composition of the committee and the final selection of a successful candidate will be made by the Head of Department, based on the recommendations of the assessment committee and the interview committee.

The main criterion for selection will be the research potential of the applicant and the above mentioned skills. The successful candidate will then be requested to formally apply for enrolment as a PhD student at the PhD school of Science. You can read more about the recruitment process at https://employment.ku.dk/faculty/recruitment-process/.

Questions

For specific information about the PhD scholarship, please contact the principal supervisor  Associate Professor Omry Ross, Department of Computer Science, omri@di.ku.dk.

General information about PhD programmes at SCIENCE is available at https://www.science.ku.dk/phd.

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