Financial Quantitative Analysts

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About the Job

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.

It is also Called

  • Applied Research Director
  • Data Analyst
  • Equity Structurer
  • Financial Engineer
  • Financial Quantitative Analyst
  • Global Analytics Head
  • Global Credit Quantitative Analysis Head
  • Investment Strategist
  • Portfolio Manager
  • Quantitative Analyst
View All

What They Do

  • 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.
  • 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.
  • Define or recommend model specifications or data collection methods.
  • 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.

Interests

People who work in this occupation generally have the interest code: IC.

This means people who work in this occupation generally have Investigative interests, but also prefer Conventional environments.

Work Values

People who work in this occupation generally prize Independence, but also value Achievement and Working Conditions in their jobs.

Things They Need to Know

  • Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
  • Computers and Electronics - Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
  • Economics and Accounting - Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
  • English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
  • Engineering and Technology - Knowledge of the practical application of engineering science and technology. This includes applying principles, techniques, procedures, and equipment to the design and production of various goods and services.

Things They Need to Be Able to Do

  • Mathematics - Using mathematics to solve problems.
  • Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
  • Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
  • Complex Problem Solving - Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
  • Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
  • Speaking - Talking to others to convey information effectively.
  • Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one.

Education Required

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).

Wages

In 2018, the average annual wage in Kansas City, MO-KS was $63,280 with most people making between $33,690 and $99,520

Outlook

3.92%
avg. annual growth

During 2014, this occupation employed approximately 586 people in Kansas City, MO-KS. It is projected that there will be - employed in 2024.

This occupation will have about 23 openings due to growth and about 60 replacement openings for approximately 83 total annual openings.



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