Feng is currently a Chair Professor in the School of Economics and Management in Tsinghua University the Director of China Center for Insurance and Risk Management.Prior to that, he was a Professor of Mathematics, Statistics and Industrial Engineering,State Farm Companies Foundation Endowed Professor, Director of Actuarial Science and the Founding Director of Predictive Analytics and Risk Management in the University of Illinois at Urbana-Champaign in the United States. Feng was also the Faculty Lead for the Finance and Insurance Sector at the University of Illinois System’s Discovery Partnership Institute, responsible for promoting and coordinating research collaboration and technology transfer with the State of Illinois and Chicago’s financial industry. While working in Illinois, he founded the Illinois Risk Lab, which provides experiential learning opportunities in areas of risk analytics for students from all backgrounds and consulting services to corporate partners. Feng led the development of Actuarial and Risk Management Sciences at the University of Illinois, establishing a comprehensive education system for both professional training and practical research, ranging from undergraduate to doctoral degree programs. Feng also promoted the integration of education and research with other academic units on risk sciences and emerging technology. He led the creation of the MS degree program in Predictive Analytics and Risk Management jointly supported by the College of Liberal Arts and Sciences and the Gies College of Business. He also led the development of a cross-campus research center on risk sciences at the University of Illinois.

Feng served as an Assistant Professor at the University of Wisconsin-Milwaukee, Visiting Professors to the Institute of Computing and Mathematical Engineering at Stanford University, ARC Centre of Excellence in Population Ageing Research at the University of New South Wales, Technical University of Munich supported by the Bavarian State Ministry of Science, Research, and the Arts, a Distinguished Professor at the College of Finance and Statistics in Hunan University.

Feng currently serves as the Executive Editor-in-Chief of an international academic journal Risk Sciences and a Co-Editor of a premier actuarial science academic journal North American Actuarial Journal, and an Associate Editor or an Editor for several other international academic journals including Insurance: Mathematics and Economics, Annals of Actuarial Science, Methodology and Computing in Applied Probability, Quantitative Finance and Economics, International Journal of Financial Engineering.