Will “Risk 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
- Quantitative Analyst
- Financial Quantitative Analyst
- Financial Engineer
- Equity Structurer
- Data Analyst
Tasks for “Risk Analyst”
- Consult traders or other financial industry personnel to determine the need for new or improved analytical applications.
- Identify, track, or maintain metrics for trading system operations.
- Interpret results of financial analysis procedures.
- 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.
- 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 solutions to help clients hedge carbon exposure or risk.
- 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.
- Produce written summary reports of financial research results.
- Develop tools to assess green technologies or green financial products, such as green hedge funds or social responsibility investment funds.
- Define or recommend model specifications or data collection methods.
- 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.
- 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.
- Analyze pricing or risks of carbon trading products.
- Research new financial products or analytics to determine their usefulness.
- Prepare requirements documentation for use by software developers.
Related Technology & Tools
- Laptop computers
- Multi-line telephone systems
- Desktop computers
- Personal computers
- Photocopying equipment
- Mainframe computers
- Computer data input scanners
- Linux
- Microsoft Visual C#
- UNIX
- MicroStrategy Desktop
- Microsoft SQL Server
- Microsoft Visio
- Insightful S-PLUS
- The MathWorks MATLAB
- R
- Microsoft Excel
- Bloomberg Professional
- SPSS
- Practical extraction and reporting language Perl
- JavaScript
- Python
- Microsoft Office
- StataCorp Stata
- Microsoft Visual Basic
- Microsoft PowerPoint
- IBM Cognos Business Intelligence
- SAS
- Structured query language SQL
- Microsoft Access
- Microsoft Visual Basic for Applications VBA
- C++
- Web browser software