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