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