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