What Do Financial Quantitative Analysts Do (including Their Typical Day At Work)

Job Description

Financial Quantitative Analysts 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. They also develop core analytical capabilities or model libraries, using advanced statistical, quantitative, or econometric techniques.

Other tasks include:

• Provide application or analytical support to researchers or traders on issues such as valuations or data.
• Research or develop analytical tools to address issues such as portfolio construction or optimization, performance measurement, attribution, profit and loss measurement, or pricing models.
• Maintain or modify all financial analytic models in use.
• Apply mathematical or statistical techniques to address practical issues in finance, such as derivative valuation, securities trading, risk management, or financial market regulation.
• Research new financial products or analytics to determine their usefulness.
• Devise or apply independent models or tools to help verify results of analytical systems.

We asked Financial Quantitative Analysts how satisfied they are with their job. Here is what they said.

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70% of them said they were satisfied with their job and 47% said they find that their job makes the world a better place or helps to make someone else’s life better.

Typical Day At Work

On a daily basis, Financial Quantitative Analysts provide application or analytical support to researchers or traders on issues such as valuations or data. They maintain or modify all financial analytic models in use.

• Apply mathematical or statistical techniques to address practical issues in finance, such as derivative valuation, securities trading, risk management, or financial market regulation.
• Identify, track, or maintain metrics for trading system operations.
• Confer with other financial engineers or analysts on trading strategies, market dynamics, or trading system performance to inform development of quantitative techniques.
• Interpret results of financial analysis procedures.
• Develop core analytical capabilities or model libraries, using advanced statistical, quantitative, or econometric techniques.

Other responsibilities

Besides their typical day, Financial Quantitative Analysts also provide application or analytical support to researchers or traders on issues such as valuations or data. They may also interpret results of financial analysis procedures.

On a weekly to monthly basis, Financial Quantitative Analysts Research new financial products or analytics to determine their usefulness. They might also Devise or apply independent models or tools to help verify results of analytical systems.

In addition, they Confer with other financial engineers or analysts on trading strategies, market dynamics, or trading system performance to inform development of quantitative techniques.

Although specific duties may vary, many of them Produce written summary reports of financial research results.

To some Financial Quantitative Analysts, it is also their responsibility to Consult traders or other financial industry personnel to determine the need for new or improved analytical applications.

Working life

More than 40 hours per week

Regular schedule like a 9 to 5

In a typical work week as a Financial Quantitative Analyst, you can expect to work more than 40 hours per week.

Is this right for me

People who are suitable for this job tends to like working with ideas, and require an extensive amount of thinking. They like searching for facts and figuring out problems mentally..

They also like following set procedures and routines. They like working with data and details more than with ideas.

You can read more about these career personality types here.

Explore other careers

http://www.bls.gov/ooh/business-and-financial/financial-analysts.htm

http://www.finra.org/

http://gafm.com/

https://www.cfainstitute.org/