Financial Quantitative Analyst Develop quantitative techniques to inform securities investing, equities investing, pricing, or valuation of financial instruments. Develop mathematical or statistical models for risk management, asset optimization, pricing, or relative value analysis.
Financial Quantitative Analyst is Also Know as
In different settings, Financial Quantitative Analyst is titled as
- Investment Portfolio Control Consultant
- Investment Strategist
- Portfolio Manager
- Quantitative Analyst
- Quantitative Equity Analyst
- Quantitative Research Analyst
- Quantitative Strategy Analyst
- Research Analyst
Education and Training of Financial Quantitative Analyst
Financial Quantitative Analyst is categorized in Job Zone Five: Extensive Preparation Needed
Experience Required for Financial Quantitative Analyst
Extensive skill, knowledge, and experience are needed for these occupations. Many require more than five years of experience. For example, surgeons must complete four years of college and an additional five to seven years of specialized medical training to be able to do their job.
Education Required for Financial Quantitative Analyst
Most of these occupations require graduate school. For example, they may require a master's degree, and some require a Ph.D., M.D., or J.D. (law degree).
Degrees Related to Financial Quantitative Analyst
- Bachelor in Financial Mathematics
- Associate Degree Courses in Financial Mathematics
- Masters Degree Courses in Financial Mathematics
- Bachelor in Religious Institution Administration and Managemen
- Associate Degree Courses in Religious Institution Administration and Managemen
- Masters Degree Courses in Religious Institution Administration and Managemen
- Bachelor in Non-Profit/Public/Organizational Management
- Associate Degree Courses in Non-Profit/Public/Organizational Management
- Masters Degree Courses in Non-Profit/Public/Organizational Management
- Bachelor in Finance, General
- Associate Degree Courses in Finance, General
- Masters Degree Courses in Finance, General
Training Required for Financial Quantitative Analyst
Employees may need some on-the-job training, but most of these occupations assume that the person will already have the required skills, knowledge, work-related experience, and/or training.
Related Ocuupations
Some Ocuupations related to Financial Quantitative Analyst in different industries are
- Data Scientists
- Financial Risk Specialists
- Operations Research Analysts
- Financial and Investment Analysts
- Business Intelligence Analysts
- Statistical Assistants
- Statisticians
- Investment Fund Managers
- Database Architects
- Computer Systems Analysts
- Management Analysts
- Economists
- Computer and Information Research Scientists
- Securities, Commodities, and Financial Services Sales Agents
- Mathematicians
- Software Developers
- Market Research Analysts and Marketing Specialists
- Health Information Technologists and Medical Registrars
- Credit Analysts
- Software Quality Assurance Analysts and Testers
What Do Financial Quantitative Analyst do?
- Prepare requirements documentation for use by software developers.
- Provide application or analytical support to researchers or traders on issues such as valuations or data.
- 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.
- Research new financial products or analytics to determine their usefulness.
- Maintain or modify all financial analytic models in use.
- Produce written summary reports of financial research results.
- Interpret results of financial analysis procedures.
- Develop core analytical capabilities or model libraries, using advanced statistical, quantitative, or econometric techniques.
- Define or recommend model specifications or data collection methods.
- 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.
- 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.
- Devise or apply independent models or tools to help verify results of analytical systems.
- Apply mathematical or statistical techniques to address practical issues in finance, such as derivative valuation, securities trading, risk management, or financial market regulation.
- Analyze pricing or risks of carbon trading products.
- Assess the potential impact of climate change on business financial issues, such as damage repairs, insurance costs, or potential disruptions of daily activities.
- Develop methods of assessing or measuring corporate performance in terms of environmental, social, and governance (ESG) issues.
- Develop solutions to help clients hedge carbon exposure or risk.
- Develop tools to assess green technologies or green financial products, such as green hedge funds or social responsibility investment funds.
Qualities of Good Financial Quantitative Analyst
- Mathematical Reasoning: The ability to choose the right mathematical methods or formulas to solve a problem.
- Written Comprehension: The ability to read and understand information and ideas presented in writing.
- Written Expression: The ability to communicate information and ideas in writing so others will understand.
- Oral Comprehension: The ability to listen to and understand information and ideas presented through spoken words and sentences.
- Deductive Reasoning: The ability to apply general rules to specific problems to produce answers that make sense.
- Number Facility: The ability to add, subtract, multiply, or divide quickly and correctly.
- Oral Expression: The ability to communicate information and ideas in speaking so others will understand.
- Problem Sensitivity: The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing that there is a problem.
- Inductive Reasoning: The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
- Information Ordering: The ability to arrange things or actions in a certain order or pattern according to a specific rule or set of rules (e.g., patterns of numbers, letters, words, pictures, mathematical operations).
- Fluency of Ideas: The ability to come up with a number of ideas about a topic (the number of ideas is important, not their quality, correctness, or creativity).
- Speech Clarity: The ability to speak clearly so others can understand you.
- Speech Recognition: The ability to identify and understand the speech of another person.
- Near Vision: The ability to see details at close range (within a few feet of the observer).
- Category Flexibility: The ability to generate or use different sets of rules for combining or grouping things in different ways.
- Originality: The ability to come up with unusual or clever ideas about a given topic or situation, or to develop creative ways to solve a problem.
- Selective Attention: The ability to concentrate on a task over a period of time without being distracted.
- Flexibility of Closure: The ability to identify or detect a known pattern (a figure, object, word, or sound) that is hidden in other distracting material.
- Speed of Closure: The ability to quickly make sense of, combine, and organize information into meaningful patterns.
- Perceptual Speed: The ability to quickly and accurately compare similarities and differences among sets of letters, numbers, objects, pictures, or patterns. The things to be compared may be presented at the same time or one after the other. This ability also includes comparing a presented object with a remembered object.
- Memorization: The ability to remember information such as words, numbers, pictures, and procedures.
- Far Vision: The ability to see details at a distance.
- Time Sharing: The ability to shift back and forth between two or more activities or sources of information (such as speech, sounds, touch, or other sources).
- Visualization: The ability to imagine how something will look after it is moved around or when its parts are moved or rearranged.
- Auditory Attention: The ability to focus on a single source of sound in the presence of other distracting sounds.
- Hearing Sensitivity: The ability to detect or tell the differences between sounds that vary in pitch and loudness.
- Visual Color Discrimination: The ability to match or detect differences between colors, including shades of color and brightness.
- Trunk Strength: The ability to use your abdominal and lower back muscles to support part of the body repeatedly or continuously over time without "giving out" or fatiguing.
- Wrist-Finger Speed: The ability to make fast, simple, repeated movements of the fingers, hands, and wrists.
- Control Precision: The ability to quickly and repeatedly adjust the controls of a machine or a vehicle to exact positions.
- Depth Perception: The ability to judge which of several objects is closer or farther away from you, or to judge the distance between you and an object.
- Finger Dexterity: The ability to make precisely coordinated movements of the fingers of one or both hands to grasp, manipulate, or assemble very small objects.
- Manual Dexterity: The ability to quickly move your hand, your hand together with your arm, or your two hands to grasp, manipulate, or assemble objects.
- Arm-Hand Steadiness: The ability to keep your hand and arm steady while moving your arm or while holding your arm and hand in one position.
- Dynamic Strength: The ability to exert muscle force repeatedly or continuously over time. This involves muscular endurance and resistance to muscle fatigue.
- Night Vision: The ability to see under low-light conditions.
- Explosive Strength: The ability to use short bursts of muscle force to propel oneself (as in jumping or sprinting), or to throw an object.
- Sound Localization: The ability to tell the direction from which a sound originated.
- Multilimb Coordination: The ability to coordinate two or more limbs (for example, two arms, two legs, or one leg and one arm) while sitting, standing, or lying down. It does not involve performing the activities while the whole body is in motion.
- Response Orientation: The ability to choose quickly between two or more movements in response to two or more different signals (lights, sounds, pictures). It includes the speed with which the correct response is started with the hand, foot, or other body part.
- Glare Sensitivity: The ability to see objects in the presence of a glare or bright lighting.
- Rate Control: The ability to time your movements or the movement of a piece of equipment in anticipation of changes in the speed and/or direction of a moving object or scene.
- Peripheral Vision: The ability to see objects or movement of objects to one's side when the eyes are looking ahead.
- Speed of Limb Movement: The ability to quickly move the arms and legs.
- Reaction Time: The ability to quickly respond (with the hand, finger, or foot) to a signal (sound, light, picture) when it appears.
- Static Strength: The ability to exert maximum muscle force to lift, push, pull, or carry objects.
- Spatial Orientation: The ability to know your location in relation to the environment or to know where other objects are in relation to you.
- Gross Body Equilibrium: The ability to keep or regain your body balance or stay upright when in an unstable position.
- Gross Body Coordination: The ability to coordinate the movement of your arms, legs, and torso together when the whole body is in motion.
- Dynamic Flexibility: The ability to quickly and repeatedly bend, stretch, twist, or reach out with your body, arms, and/or legs.
- Extent Flexibility: The ability to bend, stretch, twist, or reach with your body, arms, and/or legs.
- Stamina: The ability to exert yourself physically over long periods of time without getting winded or out of breath.
Tools Used by Financial Quantitative Analyst
- Computer data input scanners
- Desktop computers
- Laptop computers
- Mainframe computers
- Multi-line telephone systems
- Personal computers
- Photocopying equipment
Technology Skills required for Financial Quantitative Analyst
- Amazon Web Services AWS software
- Apache Hive
- Bloomberg Professional
- C#
- C++
- IBM Cognos Business Intelligence
- IBM SPSS Statistics
- Insightful S-PLUS
- JavaScript
- Linux
- Microsoft Access
- Microsoft Azure software
- Microsoft Dynamics
- Microsoft Excel
- Microsoft Office software
- Microsoft Power BI
- Microsoft PowerPoint
- Microsoft SQL Server
- Microsoft Visio
- Microsoft Visual Basic
- Microsoft Visual Basic for Applications VBA
- Microsoft Visual Studio
- MicroStrategy
- MicroStrategy Desktop
- Oracle Java
- Oracle JD Edwards EnterpriseOne
- Perl
- Python
- R
- SAS
- StataCorp Stata
- Structured query language SQL
- Tableau
- The MathWorks MATLAB
- UNIX
- Web browser software