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