Will “Data Analyst” be Replaced By Robots? 🤔
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Job Description
Develop quantitative financial products used to inform individuals or financial institutions engaged in saving, lending, investing, borrowing, or managing risk. Investigate methods for financial analysis to create mathematical models used to develop improved analytical tools or advanced financial investment instruments.
Job Details
- The SOC (Standard Occupational Classification) code is 13-2099.01
☝️ Information based on the reference occupation “Financial Quantitative Analysts”.
Also Known As…
- Financial Quantitative Analysts
- Structurer
- Risk Analyst
- Quantitative Analyst
- Financial Quantitative Analyst
- Financial Engineer
- Equity Structurer
Tasks for “Data Analyst”
- Define or recommend model specifications or data collection methods.
- Provide application or analytical support to researchers or traders on issues such as valuations or data.
- Confer with other financial engineers or analysts on trading strategies, market dynamics, or trading system performance to inform development of quantitative techniques.
- Research or develop analytical tools to address issues such as portfolio construction or optimization, performance measurement, attribution, profit and loss measurement, or pricing models.
- Develop tools to assess green technologies or green financial products, such as green hedge funds or social responsibility investment funds.
- Prepare requirements documentation for use by software developers.
- Collaborate in the development or testing of new analytical software to ensure compliance with user requirements, specifications, or scope.
- Interpret results of financial analysis procedures.
- Consult traders or other financial industry personnel to determine the need for new or improved analytical applications.
- Research new financial products or analytics to determine their usefulness.
- Devise or apply independent models or tools to help verify results of analytical systems.
- Collaborate with product development teams to research, model, validate, or implement quantitative structured solutions for new or expanded markets.
- Develop methods of assessing or measuring corporate performance in terms of environmental, social, and governance (ESG) issues.
- Develop solutions to help clients hedge carbon exposure or risk.
- Produce written summary reports of financial research results.
- Maintain or modify all financial analytic models in use.
- Develop core analytical capabilities or model libraries, using advanced statistical, quantitative, or econometric techniques.
- Apply mathematical or statistical techniques to address practical issues in finance, such as derivative valuation, securities trading, risk management, or financial market regulation.
- Assess the potential impact of climate change on business financial issues, such as damage repairs, insurance costs, or potential disruptions of daily activities.
- Analyze pricing or risks of carbon trading products.
- Identify, track, or maintain metrics for trading system operations.
Related Technology & Tools
- Computer data input scanners
- Personal computers
- Laptop computers
- Desktop computers
- Photocopying equipment
- Multi-line telephone systems
- Mainframe computers
- Microsoft Access
- Insightful S-PLUS
- IBM Cognos Business Intelligence
- Microsoft Office
- JavaScript
- Python
- Microsoft SQL Server
- StataCorp Stata
- Structured query language SQL
- Microsoft Excel
- Microsoft PowerPoint
- Microsoft Visual Basic for Applications VBA
- The MathWorks MATLAB
- Microsoft Visual C#
- Web browser software
- Linux
- Microsoft Visio
- UNIX
- Microsoft Visual Basic
- SAS
- MicroStrategy Desktop
- C++
- Practical extraction and reporting language Perl
- R
- Bloomberg Professional
- SPSS