Quantitative Analyst Job Description
Quantitative analyst
provides analytical support to trading in analyzing existing positions as well as new strategies in power, gas and FTRs/congestion markets.
Quantitative Analyst Duties & Responsibilities
To write an effective quantitative analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included quantitative analyst job description templates that you can modify and use.
Sample responsibilities for this position include:
Run risk models and produce relevant summary statistics to assess firm risk exposure
Educated to PhD degree level or to the equivalent in a numerate subject such as mathematics, financial mathematics, physics or statistics (beneficial)
Interest in financial markets, specifically in derivative pricing (beneficial), demonstrated by experience
Post-graduate qualification in numerate subject such as Mathematics, Financial Mathematics, Physics or Statistics
The analyst will develop models or tools and perform data analysis to meet the quantitative needs of risk management and the broader organization
Standardize data for input into firm databases requiring significant data analysis including interpolation and regression
Maintain documentation of analytic processes and practices for internal and federal regulatory requirements
Develop deposit attrition and balance models and calculate weighted average life
Working with the business to develop new analytical models contributing to the Company’s business growth
Taking a model from design, prototyping right through to implementation, working with IT and rest of the analytics team
Quantitative Analyst Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Quantitative Analyst
List any licenses or certifications required by the position: CFA, FRM, PRM, SAS, CQF, PMP, CPA, ISA, QSA, CISA
Education for Quantitative Analyst
Typically a job would require a certain level of education.
Employers hiring for the quantitative analyst job most commonly would prefer for their future employee to have a relevant degree such as Master's and Bachelor's Degree in Mathematics, Finance, Statistics, Engineering, Physics, Computer Science, Economics, Technical, Education, Applied Mathematics
Skills for Quantitative Analyst
Desired skills for quantitative analyst include:
SQL
R
Python
SAS
Statistics
Matlab
C++
Financial markets
VBA
Bank products
Desired experience for quantitative analyst includes:
5+ years work experience, in investment management/financial services, preferred, but not required
Graduate degree in aquantitative/mathematical field
Leadership, project management, and effective liaison between business (especially modeling) and technology teams
All work done in this role will be tested prior to deployment in live systems
All live deployments will be closely monitored
Teamwork - Ability to develop relationships and influence others
Quantitative Analyst Examples
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Quantitative Analyst Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of quantitative analyst. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for quantitative analyst
- Working collaboratively with team members on research projects, including regarding idea generation, sourcing data, creating, testing and refining research code
- Develop statistical models
- Strong experience in a Model Validation or Front Office Quant role
- Experience coding in C++, in a managed codebase
- A clear understanding of Commodity and Equity models
- Financial engineering expertise
- Experience developing in a large multi-asset valuation library at a top ranked equity derivatives dealer
- Experience working on model documentation that satisfies external regulatory compliance under Basel rules
- Experience in modelling asset-backed securities, commercial mortgage-backed securities and residential mortgage-backed securities
- Knowledge of the securitised product business
Qualifications for quantitative analyst
- Oversee technical work (including models) performed by junior Quantitative
- Analytics team members
- BA in accounting, finance or related field, or equivalent work experience
- Practical coding skills are a plus
- Flexible and resourceful with the ability to work on many project deadlines at the same time
- Bachelor Degree in Math, Statistics, Finance or Economics required
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Quantitative Analyst Job Description
Job Description Example
Our company is hiring for a quantitative analyst. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for quantitative analyst
- Faithfully represent the work of the quantitative research team to internal stakeholders and external clients
- Generate original investment research with the goal of improving outcomes for our clients
- Communicate quantitative concepts clearly to business users
- Maintain and enhance existing pricing models and on-desk analytics tools
- Gather new requirements from the trading desk and manage delivery of solutions through quant libraries and IT systems
- Work with front office and market risk managers on trade/model approvals and finance on price verification methodologies
- Understand local and global regulatory requirements and be aware of market environment / practices that will impact assigned books/products
- Comply with Group Market Risk policies and risk management methodologies for existing and new products
- Research and develop new XVA pricing models for FX, rates, credit and commodities the modeling of various credit mitigation procedures
- Interact with trading desks and risk management to get timely model delivery
Qualifications for quantitative analyst
- Strong knowledge of SQL and/ or R programming preferred
- Strong understanding of economic capital modelling and aggregation covering different risks and asset classes
- Strong understanding of counterparty credit risk and Incremental Risk Charge (IRC) methodologies including credit migration/default dynamics, exposure models, stochastic processes/probability density calibration, Loss Given Default (LGD), collateral attribution, copulas
- Understanding of Portfolio Credit Models such as KMV, CreditMetrics, CreditRisk+ or CreditPortfolioView desirable
- Understanding of Value at Risk (VaR), Expected Shortfall (ES) and Credit Valuation Adjustment (CVA) modelling approaches desirable
- Strong understanding of the Regulatory Capital framework for banking institutions covering Basel II
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Quantitative Analyst Job Description
Job Description Example
Our company is growing rapidly and is hiring for a quantitative analyst. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for quantitative analyst
- Responsible for managing daily cash and liquidity positions
- Review, monitor, and report treasury positions for internal and external reporting
- Assist with settlements of Treasury trades and payments due on investments
- Provide input and participate in various projects including, capital analysis, stress tests and risk management analysis
- Perform periodic model validation and provide effective challenge in the validation process
- Perform advanced data and statistical analysis/tests and develop empirically derived recommendations
- Being involved in process engineering and design for an effective and efficient model
- Responsible for gathering, preparing, and reporting model risk related information such as model inventory, model documentation , tracking model issues and remediation plans
- Leverage advanced analytical skills, including ability to query databases, sort through complex data to crystallize business implications, and drive value for the business
- Develop and execute credit risk strategies that support our credit risk appetite and business goals
Qualifications for quantitative analyst
- Strong communicator with an ability to explain complex quantitative concepts to different Groups of stakeholders
- Strong ability to mediate between the Business and IT in order to deliver strategic change initiatives
- Strong background in mathematical finance, statistical analysis, and derivative pricing models
- 0-3 year experiences in quantitative fields
- 5 plus years of experience with Counterparty Credit Risk modeling, statistical analyses or stress testing & scenario analysis
- Strong leadership skills and some prior management experience
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Quantitative Analyst Job Description
Job Description Example
Our innovative and growing company is hiring for a quantitative analyst. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for quantitative analyst
- Calculates statistics pertaining to defaulted customers
- Develop and improve loan / line of credit prepayment models for IRR, Credit and FTP
- Develop and implement models in the existing C++ library for pricing structured derivatives (IR, EQ, FX, Hybrids)
- Develop fast innovative numerical methods and calibration tools
- Explain model behaviour and predictions to users, identify major sources of model risk, provide guidance / debug analytics
- Assist in the documentation of FIS modelling methodologies
- Provide FIS internal training in theoretical and practical aspects of derivatives pricing
- Under the supervision of the Data Science Director, develop and document data quality solutions and index maintenance processes including rebalancing, data publishing and calculation of indexes across different data assets
- Contribute to the design of quantitative research models related to the Labor Market, including sample design, forecasting
- Participate in the development of methodologies, tools and codes used by the IT development team
Qualifications for quantitative analyst
- This position requires strong ability in validating models or identifying errors or deficiencies in production systems and codebases through extensive testing
- Programming languages required C++, C#, Matlab, and Java
- Knowledge of financial markets, especially fixed income products and derivatives
- Work experience or education in advanced quantitative risk modeling and knowledge of statistical models in risk management required
- Work experience or education in advanced derivatives modeling and knowledge of volatility models required
- Good communication skills are required to help avoid mis-communications across the quant, IT, and QA teams
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Quantitative Analyst Job Description
Job Description Example
Our innovative and growing company is hiring for a quantitative analyst. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for quantitative analyst
- Present results, insights, and final recommendations clients internal and/or external and senior management
- Partner with internal and external clients to identify business opportunities and develop new applications for analytics
- Develop actionable insights across customer lifecycle by segment, products and channels by integrating information with behavioral data/segmentation and risk
- Lead/mentor a team of analysts Lead development of models and analytics to support residual setting or remarketing optimization
- Data consolidations
- Return modeling
- Conduct quantitative research and be instrumental in the design and testing of quantitative investment strategies across various asset classes
- Act as the portfolio manager for products that utilize quantitative strategies
- Document research findings and participate in creating white papers for internal and external distribution
- Responsible for building, performance monitoring, and optimization of regression models
Qualifications for quantitative analyst
- Interest in and insights into financial markets, financial market theory and lifecycle economics
- Developing derivatives pricing models for cleared derivatives
- Addressing requests from regulators and support the model submission work
- Must have a Master’s degree in Statistics, Econometrics, Actuarial Science, Applied Mathematics, Operations Research, or other applied quantitative science
- Code development and programming in C/C++, VBA, SQL or other programming language
- Utilizing SAS for statistical modeling