Quant Analyst Job Description
Quant analyst
provides support for portfolio management activities including investigating the quality of signal inputs, risk characteristics, portfolio construction, and performance attribution.
Quant Analyst Duties & Responsibilities
To write an effective quant analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included quant analyst job description templates that you can modify and use.
Sample responsibilities for this position include:
Quantitative skills should include probability, statistics and derivative pricing theories
Assisting in the preparation of regulatory
Programming and delivering bespoke solutions
Front office role that involves interaction with traders and external clients, explanation of details of the developed models and methods
Monitor project progress by tracking requirements elicitation and issue resolution activities
Actively participates in project kick-off meetings
Manages discussions between Business SMEs, End Users, Model Development Team , business analysts, and Implementation Team
Create detailed business requirements documents reflecting the data, quantitative and analytical needs of key business and technology initiatives at 5/3
Helping develop new algorithms and extend/improve existing ones
Working directly with technologists/traders/quants to maintain an industry leading position in an ever more electronic environment
Quant Analyst Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Quant Analyst
List any licenses or certifications required by the position: FRM, CFA, SAS
Education for Quant Analyst
Typically a job would require a certain level of education.
Employers hiring for the quant analyst job most commonly would prefer for their future employee to have a relevant degree such as Master's and Bachelor's Degree in Statistics, Mathematics, Engineering, Finance, Economics, Computer Science, Physics, Management, Graduate, Education
Skills for Quant Analyst
Desired skills for quant analyst include:
Python
SQL
C++
R
Financial markets
Statistics
Decision trees
Economic movements and trends
Market risk management
Portfolio management concepts
Desired experience for quant analyst includes:
Undergraduate or graduate Computer Science degree OR at least 2 years programming experience
Experience in high-frequency or algorithmic trading
Ability to work in high-pressure and time-sensitive situations
Ability to solve problems and to explain the ideas that underlie them to colleagues
History of independent, high-performance work being a strong contributor to a team
Understanding of Equity products, structured derivatives
Quant Analyst Examples
1
Quant Analyst Job Description
Job Description Example
Our company is growing rapidly and is looking for a quant analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for quant analyst
- Additional responsibilities will include active engagement in the ongoing review of model performance and applicability the validation and review of significant upgrades introduced to existing models
- Develop new models within the IMM and CVA spaces
- Keeping abreast of regulatory guidance and industry best-practice concerning exposure calculations and related areas, ensuring that the bank is at the fore-front of new developments
- A graduate and/or post graduate degree in a numerical degree, quantitative finance, mathematics, physics, engineering or a similar field of study
- Strong quantitative skills related to derivatives risk measurement and modeling and experience of IMM or CVA models
- Good business knowledge of derivatives trading and structuring
- Confident IT user
- A self-starter with initiative and ability to drive change and improvement
- Perform daily reconciliation processes to ensure all of the firm’s trading positions each day are included in our market risk system
- Create daily exposure and sensitivity limit reports for VaR and for long/short/net PV01, key rate 01, CR01, Vega01, and stress tests, and distribute these reports each day to senior management and trading
Qualifications for quant analyst
- Masters in scientific subject, (financial) mathematics, physics, computer science
- Demonstration of a keen interest in finance/ trading
- Motivation to learn about statistical modeling and advanced mathematical methods
- Great team player with excellent command of the English language
- Able to work independently and to solve and prioritise problems under time pressure
- 5 years or more of experience in financial market modeling is highly desired, especially fixed income
2
Quant Analyst Job Description
Job Description Example
Our company is growing rapidly and is hiring for a quant 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 quant analyst
- Integration with front office and middle office personnel to produce quantitative and qualitatively driven modeling document and supporting CCAR narratives
- Assisting in the development and execution of modeling workflow and aggregation processes to support the end-to-end CCAR process
- Reviewing, analyzing, and presenting CCAR modeling results to business line and senior management
- Collaborate with product development teams to research, model, validate, or implement quantitative structured solutions for new or expanded markets
- Preparation of analyses, and regular reporting of model reserve calculations, issue reports, pricing submissions, parameter calibration
- Participate in new trade verification process
- Work closely with the IT team who deliver the pricing and risk management tools (the IT team functionally report to the head of FIRST FX)
- Quantitative Analysis, term sheet reading
- JAVA / ORACLE Development
- XML Configurations
Qualifications for quant analyst
- Solid understanding and experience with various data analysis/machine learning methodologies such as multivariate data analysis, clustering techniques, classification, and anomaly detection
- Bachelors degree required, preferably in Finance, Economics, Mathematics
- 7+ years experience in dealing with complex fixed income instrument pricing and risk characteristics solid understanding of concepts like VaR, SVaR, back-testing and Stress Testing
- Demonstrated ability to meet project deadlines while orchestrating multiple activities at once to accomplish a goal
- Effective interpersonal and verbal/written communication skills, with the ability to communicate complex information clearly
- Ability to multitask, work under pressure and prioritize tasks
3
Quant Analyst Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of quant analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for quant analyst
- Work with the QA teams to ensure correctness not only within the risk library itself but also the integration into the wider system infrastructure
- Performs a variety of analyses/ data mining on big datasets to support business strategies
- Researches best practices and new technologies
- Responsible for the analysis and/or development of quantitative models both financial and non-financial in support of the company’s revenue generation/risk management efforts
- Designs methods that assess the credit, market and/or operational performances of new and existing financial products
- Works with model risk management group to define parameters, track performance and defend quantitative models
- Reviews and updates model documentation (methodology guide, user guide, policy documents, ) as required
- As part of a team you will be responsible for developing, delivering, signing-off and supporting advanced, regulatory-compliant credit models, including, Probability of Default (PD) and Ratings, Loss Given Default (LGD), Exposure at Default (EAD)
- From a broader viewpoint the role function and its related responsibilities are key to support the banks management the regulatory capital/provisions requirements
- Also, on a more management oriented side these models constitute the basis for the optimization of economic capital and the management of portfolio risk adjusted performance measures
Qualifications for quant analyst
- Team player who is also a resourceful self-starter
- Master’s degree in a quantitative field, PhD preferred
- 2+ years of experience in the area of fixed income investments focused on structured products in risk management, valuation, or desk strategist
- Hands-on experience with Polypaths and Intex is required
- Required computer skills in Excel/VBA, C#
- At least 5 years of experience in developing, coding and testing platforms in C++, Python
4
Quant Analyst Job Description
Job Description Example
Our company is looking to fill the role of quant analyst. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for quant analyst
- Extensive use of advanced statistical techniques is applied to detailed credit data sourced both internally and externally
- Work within the Risk Methodology Group, to produce all required deliverables to a high standard
- Work with the dedicated credit risk systems implementation team to support the roll-out of tactical and strategic implementations of the various credit models and methodologies
- Contribute to model and methodology-related presentations to model committees, credit officers, and model users to regulators.,8 Application of methodology to internal and external data sets for model development
- Contribute to the overall development and implementation of advances in credit risk methodology generally and specifically related to point-in-time and through-the-cycle PDs and ratings and stress testing
- Provide the businesses with transaction advice and support, acting as an expert resource in the fields of risk quantification and modeling, and working closely with other stakeholders both internal and external, such as business areas & regulatory
- Advanced credit model developments delivered on time
- Accurate, concise and high quality model build documentation
- Develop, enhance, implement, document and provide ongoing expert support for advanced credit risk models and methodologies, covering Probability of Default (PD), Loss Given Default (LGD) and Exposure at Default (EAD)
- Develop liquidity models and pricing analytics for deposits including overnight deposits and term deposits
Qualifications for quant analyst
- Proficiency in Excel, PowerPoint, VBA programming and SQL
- Master degree in Engineering, Mathematics or a related quantitative field
- Experience in Capital Markets is required
- Strong academic background in a relevant field - Computer Science, Applied Mathematics, Physics
- Strong development skills, C++ or Java preferred
- PhD or Masters preferred but not required
5
Quant Analyst Job Description
Job Description Example
Our company is looking to fill the role of quant analyst. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for quant analyst
- Proactively review current data entry processes for efficiency and identify process improvements, standard operating procedures, best practices
- Issuance and Market Making of Warrant and CBBCs products in APAC, mainly focused on HK listed market
- Provide the best service possible to clients and strictly comply with rules and regulations on market making
- Enhance market making system resiliency and effectiveness
- Work closely with algorithmic developer teams to optimize market making automatons, hedging strategies and product issuance strategies
- Automate processes and analyze data
- Conducting business and operational due diligence reviews on new and existing hedge fund and private equity offerings including onsite visits and interviews with senior management of the firm
- Present due diligence findings and recommendations to Due Diligence Investment Committee via a comprehensive written and verbal report
- Develop, deploy and maintain statistical models including advanced Monte Carlo Simulations
- Develop, deploy and maintain a data strategy leveraging a data architecture and data blending technologies
Qualifications for quant analyst
- Working experience of programming in object oriented language such as Python/C++/JAVA
- The candidate should have a first degree in mathematics, theoretical physics, econometrics, statistics or engineering, followed by a Ph.D / MSc
- Professional experience in Matlab, VBA, or R
- Professional experience in high-frequency trading, algorithmic execution, and/or interest rate products
- Excited to work in a team-oriented culture
- Basic knowledge of finance, statistics / ML and derivative pricing