Institutional Capital Network

Artificial Intelligence / Machine Learning Engineer - Associate

Institutional Capital Network · New York, NY
New York, NY $100K–$130K Posted 2026-10-06
Salary
$100K–$130K
Type
Full-time
Experience
2+ yr

About the Role

iCapital is seeking an Associate AI Engineer to help build and scale production-grade AI systems that deliver real business outcomes. This role is ideal for an engineer early in their career who enjoys turning ambiguous problem statements into working systems, and who pairs creative problem-solving with disciplined measurement, reproducibility, and operational rigor. This individual will be on the AI/ML team and will work closely with senior AI and machine learning engineers, as well as cross-functional partners, to design, implement, evaluate, and operate AI capabilities as APIs and services in a real-world FinTech environment. This individual will be expected to bring strong analytical fundamentals, curiosity, and a bias toward delivering robust, maintainable systems.

Responsibilities

  • Design and implement modular AI capabilities including LLM-based reasoning, document intelligence (OCR/IDP), intelligent knowledge systems, and agentic orchestration to power internal and external workflow automation.
  • Own components of the full AI system life cycle to achieve tangible business outcomes, including scoping, POC, solution design, model development, deployment, monitoring and continuous improvement in production environments.
  • Build robust evaluation pipelines for AI systems, defining statistically sound, problem-specific metrics, constructing and curating benchmark datasets, and enforcing strict dataset and model versioning to ensure reproducibility and continuous improvement.
  • Collaborate across teams and communicate results clearly via documentation, write-ups, and handoffs.

Qualifications

  • 2-3 years of relevant experience, including hands-on experience developing production AI/ML systems, including exposure to AWS or cloud-native development patterns for AI/ML workloads, and familiarity with AI development life cycle best practices
  • Strong proficiency in Python
  • Solid fundamentals in statistics, exploratory data analysis, and the ability to reason about data quality, experiments, and error patterns
  • Clear written and verbal communication with the ability to document work and collaborate in a team setting
  • Experience with modern LLM tooling (i.e. transformers, unsloth, vLLM, agentic frameworks) or document AI approaches (IDP)
  • Familiar with software development best practices (source control, CI/CD, testing, documentation) and working through a full development lifecycle
  • Experience with various agentic communication protocols, (i.e. MCP, A2A) is a plus

Benefits

The base salary range for this role is $100,000 to $130,000.  iCapital offers a compensation package which includes salary, equity for all full-time employees, and an annual performance bonus. Employees also receive a comprehensive benefits package that includes an employer matched retirement plan, generously subsidized healthcare with 100% employer paid dental, vision, telemedicine, and virtual mental health counseling, parental leave, and unlimited paid time off (PTO).

We believe the best ideas and innovation happen when we are together. Employees in this role will work in the office Monday-Thursday, with the flexibility to work remotely on Friday.

For additional information on iCapital, please visit https://www.icapitalnetwork.com/about-us   Twitter: @icapitalnetwork | LinkedIn: https://www.linkedin.com/company/icapital-network-inc | Awards Disclaimer: https://www.icapitalnetwork.com/about-us/recognition/

iCapital is proud to be an Equal Employment Opportunity and Affirmative Action employer. We do not discriminate based upon race, religion, color, national origin, gender, sexual orientation, gender identity, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.

LLMAWSPython
$100K — 10th pctl $275K — 90th pctl
This role’s midpoint $115K vs. market median $180K for Data & ML roles
-35%
below median
Based on 3,500+ Data & ML roles with disclosed salary ranges tracked on NewJob.
Institutional Capital Network

Institutional Capital Network

Fintech · Private · New York City, USA

Stage & Valuation
Private · $7.5B
Key Investors
Temasek, Owl Rock, MSD Capital
Open roles on NewJob
Most hiring in
Operations (44) · Engineering (32) · Finance (16)
iCapital Network provides an alternative investment marketplace and technology platform that connects financial advisors, wealth managers, and asset managers. The platform streamlines access to private equity, private credit, hedge funds, and other alternative investments.
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