Financial Quantitative Analysts

Course Advisor; United States; On-site; USD 38,030 - 123,360; Full time

Job summary

Course Advisor is looking for a Financial Quantitative Analyst to develop quantitative financial products. The role involves collaborating with development teams, defining model specifications, and consulting with financial industry personnel. Ideal candidates should possess strong mathematical and analytical skills, and proficiency in tools like Python and SQL. The position offers a salary ranging between approximately $38,030 and $123,360 annually, with strong job growth predicted in this field.

Responsibilities

• Collaborate with teams to develop quantitative solutions for new markets.
• Define model specifications and data collection methods.
• Consult with industry personnel for analytical applications.

Skills

Mathematics

Critical Thinking

Reading Comprehension

Complex Problem Solving

Active Listening

Speaking

Tools

Microsoft Excel

Python

SQL

MATLAB

SAS

Microsoft Access

Microsoft Office

Job description

Financial Quantitative Analyst

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.

A Day in the Life

• Collaborate with product development teams to research, model, validate, or implement quantitative structured solutions for new or expanded markets.
• 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.
• Assess the potential impact of climate change on business financial issues, such as damage repairs, insurance costs, or potential disruptions of daily activities.
• Prepare requirements documentation for use by software developers.
• Research new financial products or analytics to determine their usefulness.

Key Skills

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.

Tools

• Microsoft Excel
• Microsoft Office
• JavaScript
• Microsoft PowerPoint
• Web browser software
• Python
• Microsoft Access
• Microsoft Visio
• Structured query language SQL
• MathWorks MATLAB
• Microsoft Dynamics
• SAS
• Linux
• Microsoft Visual Basic
• IBM SPSS Statistics
• Microsoft SQL Server
• UNIX
• R
• Oracle JD Edwards EnterpriseOne
• Practical Extraction and Reporting Language Perl

Salary Range

The salary for Financial Quantitative Analysts ranges between about $38,030 and $123,360 a year.

Job Demand

In the United States, there were 135,900 jobs for Financial Quantitative Analysts in 2016. New jobs are being produced at a rate of 9.6% which is above the national average. The Bureau of Labor Statistics predicts 13,100 new jobs for Financial Quantitative Analysts by 2026. The BLS estimates 13,100 yearly job openings in this field.