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Financial Quantitative Analysts

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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.

    Work Activities
    • 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.
    • Collaborate with product development teams to research, model, validate, or implement quantitative structured solutions for new or expanded markets.
    • Produce written summary reports of financial research results.
    • Consult traders or other financial industry personnel to determine the need for new or improved analytical applications.
    • Identify, track, or maintain metrics for trading system operations.
    • Prepare requirements documentation for use by software developers.
    • Collaborate in the development or testing of new analytical software to ensure compliance with user requirements, specifications, or scope.
    • Analyze pricing or risks of carbon trading products.
    • Develop solutions to help clients hedge carbon exposure or risk.
    • Develop methods of assessing or measuring corporate performance in terms of environmental, social, and governance (ESG) issues.
    • Develop tools to assess green technologies or green financial products, such as green hedge funds or social responsibility investment funds.
    • Assess the potential impact of climate change on business financial issues, such as damage repairs, insurance costs, or potential disruptions of daily activities.
    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.

    WorkKeys®
    Applied Math
    5
    Workplace Documents
    5
    Graphic Literacy
    5
    Abilities
    • Mathematical Reasoning

      The ability to choose the right mathematical methods or formulas to solve a problem.

    • Number Facility

      The ability to add, subtract, multiply, or divide quickly and correctly.

    • Deductive Reasoning

      The ability to apply general rules to specific problems to produce answers that make sense.

    Knowledge
    • 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.

    Career Video
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    Pay
    • Ohio Annual Salary $74,340/yr
    • Typical Salary
    • Ohio Hourly Wage $35.74/hr
    • Typical Hourly Wage
    Ohio Employment Trends
    • Currently Employed 5,790
    • Yearly Projected Openings 570
    Typical Education
    Personality
    Investigative: People interested in this work like activities that include ideas, thinking, and figuring things out. They do well at jobs that need:
    • Analytical Thinking
    • Attention to Detail
    • Achievement/Effort
    • Dependability
    • Persistence
    • Integrity
    Tools
    • Special purpose telephones
    • Personal computers
    • Notebook computers
    • Mainframe computers
    • Desktop computers
    Technology
    • Object or component oriented development software
    • Enterprise resource planning ERP software
    • Development environment software
    • Data base user interface and query software
    • Analytical or scientific software
    Tags
    • InDemand occupations are considered a priority by the state of Ohio.
    • Bright Outlook occupations will grow rapidly in the next few years, have a large number of openings, or are new and emerging careers.
    • Green occupations are jobs that contribute to energy conservation, development of alternative energy, reducing pollution, or recycling.