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