Conduct quantitative analyses of information affecting investment programs of public or private institutions.
- Apply mathematical or statistical techniques to address practical issues in finance, such as derivative valuation, securities trading, risk management, or financial market regulation.
- Devise or apply independent models or tools to help verify results of analytical systems.
- Research or develop analytical tools to address issues such as portfolio construction or optimization, performance measurement, attribution, profit and loss measurement, or pricing models.
- Collaborate with product development teams to research, model, validate, or implement quantitative structured solutions for new or expanded markets.
- Confer with other financial engineers or analysts to understand trading strategies, market dynamics, or trading system performance to inform development of quantitative techniques.
- Consult financial industry personnel, such as traders, to determine the need for new or improved analytical applications.
- Define or recommend model specifications or data collection methods.
- Develop core analytical capabilities or model libraries, using advanced statistical, quantitative, or econometric techniques.
- Interpret results of analytical procedures.
- Maintain and modify all analytic models in use.
- Critical Thinking —Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
- Writing —Communicating effectively in writing as appropriate for the needs of the audience.
- Complex Problem Solving —Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
- Judgment and Decision Making —Considering the relative costs and benefits of potential actions to choose the most appropriate one.
- Economics and Accounting — Knowledge of accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
- Law and Government — Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
- Mathematics — Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
- Financial analysis software — AuditWare software; MethodWare ProAudit Advisor; Paisley AutoAudit; RSM McGladrey Auditor Assistant
- Complex Problem Solving —Identifying complex problems and reviewing related information to
- Considerable Preparation Needed
- Education:Most of these occupations require a four-year bachelor's degree, but some do not.
- Related Experience:A considerable amount of work-related skill, knowledge, or experience is needed for these occupations. For example, an accountant must complete four years of college and work for several years in accounting to be considered qualified.
- Job Training:Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.
- Job Zone Examples:Many of these occupations involve coordinating, supervising, managing, or training others. Examples include accountants, sales managers, database administrators, teachers, chemists, environmental engineers, criminal investigators, and special agents.
- Specific Vocational Preparation in years: (7.0 to < 8.0)