Financial Quantitative Analysts Occupation Details

General Job Description and Education/Training Levels for Financial Quantitative Analysts

The main tasks and work activities of Financial Quantitative Analysts are to develop technical specifications for systems or equipment, advise others on analytical techniques, monitor business indicators, develop business or financial information systems. In general, for the Financial Quantitative Analysts, mathematics, critical Thinking, reading Comprehension, complex Problem Solving and other 17 skills are required.

Financial Quantitative Analysts Job Description
Education	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).
Related Experience	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.
Job Training	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.
Example	These occupations often involve coordinating, training, supervising, or managing the activities of others to accomplish goals. Very advanced communication and organizational skills are required. Examples include pharmacists, lawyers, astronomers, biologists, clergy, neurologists, and veterinarians.

The following chart shows the education/training levels for Financial Quantitative Analysts jobs.

Less than a High School Diploma

0.00%

High School Diploma (or the equivalent)

0.00%

Post-Secondary Certificate

0.00%

Some College Courses

4.00%

Associate's Degree (or other 2-year degree)

0.00%

Bachelor's Degree and Above

96.00%

Tasks and Work Activities of Financial Quantitative Analysts

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.

Interacting With ComputersUsing computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.
Analyzing Data or InformationIdentifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.
Processing InformationCompiling, coding, categorizing, calculating, tabulating, auditing, or verifying information or data.
Getting InformationObserving, receiving, and otherwise obtaining information from all relevant sources.
Making Decisions and Solving ProblemsAnalyzing information and evaluating results to choose the best solution and solve problems.
Estimating the Quantifiable Characteristics of Products, Events, or InformationEstimating sizes, distances, and quantities; or determining time, costs, resources, or materials needed to perform a work activity.
Updating and Using Relevant KnowledgeKeeping up-to-date technically and applying new knowledge to your job.
Identifying Objects, Actions, and EventsIdentifying information by categorizing, estimating, recognizing differences or similarities, and detecting changes in circumstances or events.
Interpreting the Meaning of Information for OthersTranslating or explaining what information means and how it can be used.
Thinking CreativelyDeveloping, designing, or creating new applications, ideas, relationships, systems, or products, including artistic contributions.

Develop technical specifications for systems or equipment.
Advise others on analytical techniques.
Monitor business indicators.
Develop business or financial information systems.
Assess the cost effectiveness of products, projects, or services.
Apply mathematical models of financial or business conditions.
Prepare financial documents, reports, or budgets.
Analyze business or financial data.
Discuss business strategies, practices, or policies with managers.
Confer with personnel to coordinate business operations.
Develop financial analysis methods.
Prepare regulatory or compliance documentation.
Educate clients on financial planning topics.
Maintain data in information systems or databases.
Develop contingency plans to deal with organizational emergencies.
Assess risks to business operations.
Update professional knowledge.
Present business-related information to audiences.
Evaluate applicable laws and regulations to determine impact on organizational activities.
Advise others on business or operational matters.

Skills and Abilities for Financial Quantitative Analysts

MathematicsUsing mathematics to solve problems.
Critical ThinkingUsing logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
Reading ComprehensionUnderstanding written sentences and paragraphs in work related documents.
Complex Problem SolvingIdentifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
SpeakingTalking to others to convey information effectively.
Active ListeningGiving 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.
Judgment and Decision MakingConsidering the relative costs and benefits of potential actions to choose the most appropriate one.
Active LearningUnderstanding the implications of new information for both current and future problem-solving and decision-making.
WritingCommunicating effectively in writing as appropriate for the needs of the audience.
PersuasionPersuading others to change their minds or behavior.
Systems EvaluationIdentifying measures or indicators of system performance and the actions needed to improve or correct performance, relative to the goals of the system.
Systems AnalysisDetermining how a system should work and how changes in conditions, operations, and the environment will affect outcomes.
InstructingTeaching others how to do something.
CoordinationAdjusting actions in relation to others' actions.
Management of Personnel ResourcesMotivating, developing, and directing people as they work, identifying the best people for the job.
Social PerceptivenessBeing aware of others' reactions and understanding why they react as they do.
Service OrientationActively looking for ways to help people.
MonitoringMonitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.
NegotiationBringing others together and trying to reconcile differences.
Learning StrategiesSelecting and using training/instructional methods and procedures appropriate for the situation when learning or teaching new things.

Mathematical ReasoningThe ability to choose the right mathematical methods or formulas to solve a problem.
Number FacilityThe ability to add, subtract, multiply, or divide quickly and correctly.
Written ComprehensionThe ability to read and understand information and ideas presented in writing.
Oral ComprehensionThe ability to listen to and understand information and ideas presented through spoken words and sentences.
Inductive ReasoningThe ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
Deductive ReasoningThe ability to apply general rules to specific problems to produce answers that make sense.
Oral ExpressionThe ability to communicate information and ideas in speaking so others will understand.
Information OrderingThe 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).
Problem SensitivityThe ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing there is a problem.
Speech RecognitionThe ability to identify and understand the speech of another person.
Fluency of IdeasThe ability to come up with a number of ideas about a topic (the number of ideas is important, not their quality, correctness, or creativity).
Written ExpressionThe ability to communicate information and ideas in writing so others will understand.
Speech ClarityThe ability to speak clearly so others can understand you.
Near VisionThe ability to see details at close range (within a few feet of the observer).
Category FlexibilityThe ability to generate or use different sets of rules for combining or grouping things in different ways.
Flexibility of ClosureThe ability to identify or detect a known pattern (a figure, object, word, or sound) that is hidden in other distracting material.
OriginalityThe 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 AttentionThe ability to concentrate on a task over a period of time without being distracted.
Far VisionThe ability to see details at a distance.

Scannerse.g. Computer data input scanners
Desktop computerse.g. Desktop computers
Notebook computerse.g. Laptop computers
Mainframe computerse.g. Mainframe computers
Special purpose telephonese.g. Multi-line telephone systems
Personal computerse.g. Personal computers
Photocopierse.g. Photocopying equipment
Scannerse.g. Computer data input scanners
Desktop computerse.g. Desktop computers
Notebook computerse.g. Laptop computers
Laser fax machinee.g. Laser facsimile machines
Special purpose telephonese.g. Multi-line telephone systems
Personal computerse.g. Personal computers
Photocopierse.g. Photocopying equipment
Scannerse.g. Computer data input scanners
Desktop computerse.g. Desktop computers
Notebook computerse.g. Laptop computers
Laser fax machinee.g. Laser facsimile machines
Special purpose telephonese.g. Multi-line telephone systems
Personal computerse.g. Personal computers

MathematicsKnowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
Computers and ElectronicsKnowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
Economics and AccountingKnowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
Administration and ManagementKnowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
Law and GovernmentKnowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
Public Safety and SecurityKnowledge of relevant equipment, policies, procedures, and strategies to promote effective local, state, or national security operations for the protection of people, data, property, and institutions.
English LanguageKnowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
Customer and Personal ServiceKnowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
PsychologyKnowledge of human behavior and performance; individual differences in ability, personality, and interests; learning and motivation; psychological research methods; and the assessment and treatment of behavioral and affective disorders.
Personnel and Human ResourcesKnowledge of principles and procedures for personnel recruitment, selection, training, compensation and benefits, labor relations and negotiation, and personnel information systems.
Engineering and TechnologyKnowledge 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.

Financial Quantitative Analysts Occupation Detailed Description

Tasks and Work Activities of Financial Quantitative Analysts

Skills and Abilities for Financial Quantitative Analysts