13-2099.01Apprenticeship

Financial Quantitative Analysts

Develop quantitative techniques to inform securities investing, equities investing, pricing, or valuation of financial instruments. Develop mathematical or statistical models for risk management, asset optimization, pricing, or relative value analysis.

Career Cluster:Financial Services
Job Family:Business and Financial Operations
Job Zone:Job Zone Five: Extensive Preparation Needed
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Technology Tools

Amazon Web Services AWS softwareApache HiveC++IBM SPSS StatisticsJavaScriptLinuxMicrosoft AccessMicrosoft Azure softwareMicrosoft ExcelMicrosoft Office softwareMicrosoft Power BIMicrosoft PowerPointPerlMicrosoft Visual StudioRMicrosoft SQL ServerMicrosoft VisioMicrosoft Visual BasicMicrosoft Visual Basic for Applications VBAOracle JavaTableauPythonSASStructured query language SQLThe MathWorks MATLABUNIX

Key Tasks

  • Apply mathematical or statistical techniques to address practical issues in finance, such as derivative valuation, securities trading, risk management, or financial market regulation.
  • Research or develop analytical tools to address issues such as portfolio construction or optimization, performance measurement, attribution, profit and loss measurement, or pricing models.
  • Interpret results of financial analysis procedures.
  • Develop core analytical capabilities or model libraries, using advanced statistical, quantitative, or econometric techniques.
  • Define or recommend model specifications or data collection methods.
  • Produce written summary reports of financial research results.
  • Maintain or modify all financial analytic models in use.
  • Provide application or analytical support to researchers or traders on issues such as valuations or data.
  • Devise or apply independent models or tools to help verify results of analytical systems.
  • Collaborate in the development or testing of new analytical software to ensure compliance with user requirements, specifications, or scope.
  • Confer with other financial engineers or analysts on trading strategies, market dynamics, or trading system performance to inform development of quantitative techniques.
  • Consult traders or other financial industry personnel to determine the need for new or improved analytical applications.
  • Research new financial products or analytics to determine their usefulness.
  • Identify, track, or maintain metrics for trading system operations.
  • Prepare requirements documentation for use by software developers.
  • Collaborate with product development teams to research, model, validate, or implement quantitative structured solutions for new or expanded markets.
  • Develop methods of assessing or measuring corporate performance in terms of environmental, social, and governance (ESG) issues.
  • Develop solutions to help clients hedge carbon exposure or risk.
  • 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.
  • Analyze pricing or risks of carbon trading products.

Skills

Mathematics
85%
Critical Thinking
78%
Reading Comprehension
75%
Complex Problem Solving
72%
Speaking
69%
Judgment and Decision Making
69%
Active Learning
69%
Active Listening
69%
Writing
63%
Systems Analysis
56%
Systems Evaluation
56%
Persuasion
53%
Coordination
50%
Instructing
50%
Time Management
50%
Social Perceptiveness
50%
Monitoring
50%
Learning Strategies
50%
Service Orientation
47%
Negotiation
47%
Management of Financial Resources
47%
Programming
41%
Management of Personnel Resources
41%
Management of Material Resources
25%
Operations Monitoring
25%
Operations Analysis
25%
Science
22%
Technology Design
22%
Quality Control Analysis
19%
Troubleshooting
3%
Operation and Control
3%
Repairing
0%
Installation
0%
Equipment Selection
0%
Equipment Maintenance
0%

Knowledge

Mathematics
91%
Economics and Accounting
80%
Computers and Electronics
68%
English Language
51%
Engineering and Technology
43%
Administration and Management
28%
Design
28%
Psychology
26%
Education and Training
26%
Customer and Personal Service
26%
Communications and Media
25%
Personnel and Human Resources
25%
Law and Government
23%
Sales and Marketing
21%
Sociology and Anthropology
18%
Production and Processing
18%
Administrative
13%
Geography
9%
Telecommunications
9%
Physics
8%
History and Archeology
6%
Transportation
4%
Foreign Language
3%
Building and Construction
3%
Fine Arts
1%
Philosophy and Theology
1%
Mechanical
1%
Medicine and Dentistry
1%
Public Safety and Security
1%
Biology
1%
Chemistry
1%
Therapy and Counseling
1%
Food Production
0%

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Abilities

Mathematical Reasoning
85%
Written Comprehension
75%
Number Facility
72%
Deductive Reasoning
72%
Oral Comprehension
72%
Written Expression
72%
Problem Sensitivity
69%
Oral Expression
69%
Inductive Reasoning
69%
Information Ordering
69%
Fluency of Ideas
66%
Speech Clarity
63%
Speech Recognition
63%
Near Vision
60%
Category Flexibility
56%
Selective Attention
53%
Originality
53%
Flexibility of Closure
47%
Speed of Closure
41%
Perceptual Speed
38%
Memorization
35%
Far Vision
31%
Time Sharing
28%
Hearing Sensitivity
25%
Visualization
25%
Auditory Attention
25%
Trunk Strength
25%
Visual Color Discrimination
25%
Wrist-Finger Speed
22%
Depth Perception
16%
Finger Dexterity
16%
Control Precision
16%
Arm-Hand Steadiness
13%
Manual Dexterity
13%
Dynamic Strength
6%
Glare Sensitivity
0%
Reaction Time
0%
Extent Flexibility
0%
Night Vision
0%
Sound Localization
0%
Stamina
0%
Static Strength
0%
Explosive Strength
0%
Peripheral Vision
0%
Multilimb Coordination
0%
Spatial Orientation
0%
Speed of Limb Movement
0%
Gross Body Equilibrium
0%
Rate Control
0%
Dynamic Flexibility
0%
Response Orientation
0%
Gross Body Coordination
0%

Work Activities

Working with Computers
92%
Analyzing Data or Information
90%
Processing Information
88%
Getting Information
86%
Making Decisions and Solving Problems
83%
Updating and Using Relevant Knowledge
78%
Interpreting the Meaning of Information for Others
76%
Communicating with Supervisors, Peers, or Subordinates
76%
Thinking Creatively
73%
Identifying Objects, Actions, and Events
63%
Estimating the Quantifiable Characteristics of Products, Events, or Information
63%
Organizing, Planning, and Prioritizing Work
61%
Communicating with People Outside the Organization
60%
Establishing and Maintaining Interpersonal Relationships
59%
Providing Consultation and Advice to Others
56%
Documenting/Recording Information
55%
Developing Objectives and Strategies
54%
Evaluating Information to Determine Compliance with Standards
51%
Selling or Influencing Others
50%
Coaching and Developing Others
50%
Guiding, Directing, and Motivating Subordinates
50%
Training and Teaching Others
49%
Developing and Building Teams
48%
Scheduling Work and Activities
45%
Judging the Qualities of Objects, Services, or People
43%
Monitoring Processes, Materials, or Surroundings
40%
Coordinating the Work and Activities of Others
37%
Monitoring and Controlling Resources
30%
Resolving Conflicts and Negotiating with Others
30%
Staffing Organizational Units
24%
Inspecting Equipment, Structures, or Materials
21%
Performing Administrative Activities
19%
Assisting and Caring for Others
15%
Controlling Machines and Processes
11%
Performing for or Working Directly with the Public
9%
Drafting, Laying Out, and Specifying Technical Devices, Parts, and Equipment
8%
Performing General Physical Activities
5%
Repairing and Maintaining Electronic Equipment
4%
Handling and Moving Objects
3%
Operating Vehicles, Mechanized Devices, or Equipment
1%
Repairing and Maintaining Mechanical Equipment
1%

Work Context

E-Mail

How frequently does your job require you to use E-mail?

99%

Spend Time Sitting

How much does this job require sitting?

93%

Duration of Typical Work Week

Number of hours typically worked in one week.

88%

Level of Competition

To what extent does this job require the worker to compete or to be aware of competitive pressures?

86%

Telephone Conversations

How often do you have telephone conversations in this job?

83%

Face-to-Face Discussions with Individuals and Within Teams

How frequently does your job require face-to-face discussions with individuals and within teams?

82%

Indoors, Environmentally Controlled

How often does this job require working indoors in an environmentally controlled environment (like a warehouse with air conditioning)?

81%

Importance of Being Exact or Accurate

How important is being very exact or highly accurate in performing this job?

80%

Work With or Contribute to a Work Group or Team

How important is it to work with or contribute to a work group or team in this job?

78%

Determine Tasks, Priorities and Goals

How much freedom does the worker have in determining the tasks, priorities, or goals of the job?

75%

Impact of Decisions on Co-workers or Company Results

What results do your decisions usually have on other people or the image or reputation or financial resources of your employer?

73%

Freedom to Make Decisions

How much decision making freedom, without supervision, does the job offer?

71%

Time Pressure

How often does this job require the worker to meet strict deadlines?

69%

Contact With Others

How much does this job require the worker to be in contact with others (face-to-face, by telephone, or otherwise) in order to perform it?

66%

Frequency of Decision Making

How often is the worker required to make decisions that affect other people, the financial resources, and/or the image and reputation of the organization?

61%

Consequence of Error

How serious would the result usually be if the worker made a mistake that was not easily correctable?

55%

Written Letters and Memos

How frequently does your job require written letters and memos?

55%

Coordinate or Lead Others in Accomplishing Work Activities

How important is it to coordinate or lead others (not as a supervisor or team leader) in accomplishing work activities in this job?

54%

Work Outcomes and Results of Other Workers

How responsible is the worker for work outcomes and results of other workers?

54%

Degree of Automation

How automated is the job?

45%

Importance of Repeating Same Tasks

How important are continuous, repetitive, physical activities (like key entry) or mental activities (like checking entries in a ledger) to performing this job?

44%

Spend Time Making Repetitive Motions

How much does this job require making repetitive motions?

40%

Physical Proximity

To what extent does this job require the worker to perform job tasks physically close to other people?

39%

Public Speaking

How frequently does your job require public speaking (one speaker with an audience)?

36%

Conflict Situations

How frequently are there conflict situations the employee has to face in this job?

31%

Deal With External Customers or the Public in General

How important is it to deal with external customers (as in retail sales) or the public in general (as in police work) in this job?

31%

Exposed to Sounds, Noise Levels that are Distracting or Uncomfortable

How often does this job require working exposed to sounds and noise levels that are distracting or uncomfortable?

28%

Dealing With Unpleasant, Angry, or Discourteous People

How frequently does the worker have to deal with unpleasant, angry, or discourteous individuals as part of the job requirements?

25%

Spend Time Standing

How much does this job require standing?

22%

Spend Time Using Your Hands to Handle, Control, or Feel Objects, Tools, or Controls

How much does this job require using your hands to handle, control, or feel objects, tools or controls?

16%

Health and Safety of Other Workers

How much responsibility is there for the health and safety of others in this job?

11%

Pace Determined by Speed of Equipment

How important is it to this job that the pace is determined by the speed of equipment or machinery? (This does not refer to keeping busy at all times on this job.)

10%

Work Schedules

How regular are the work schedules for this job?

10%

Spend Time Walking or Running

How much does this job require walking or running?

4%

Exposed to Very Hot or Cold Temperatures

How often does this job require working in very hot (above 90 F degrees) or very cold (below 32 F degrees) temperatures?

2%

Spend Time Bending or Twisting Your Body

How much does this job require bending or twisting your body?

2%

Dealing with Violent or Physically Aggressive People

How frequently does this job require the worker to deal with physical aggression of violent individuals?

1%

Exposed to Cramped Work Space, Awkward Positions

How often does this job require working in cramped work spaces that requires getting into awkward positions?

1%

Exposed to Extremely Bright or Inadequate Lighting Conditions

How often does this job require working in extremely bright or inadequate lighting conditions?

1%

In an Enclosed Vehicle or Operate Enclosed Equipment

How often does this job require working in a closed vehicle or operate enclosed equipment (like a car)?

1%

Exposed to Contaminants

How often does this job require working exposed to contaminants (such as pollutants, gases, dust or odors)?

0%

Exposed to Disease or Infections

How often does this job require exposure to disease/infections?

0%

Exposed to Hazardous Conditions

How often does this job require exposure to hazardous conditions?

0%

Exposed to Hazardous Equipment

How often does this job require exposure to hazardous equipment?

0%

Exposed to High Places

How often does this job require exposure to high places?

0%

Exposed to Minor Burns, Cuts, Bites, or Stings

How often does this job require exposure to minor burns, cuts, bites, or stings?

0%

Exposed to Radiation

How often does this job require exposure to radiation?

0%

Exposed to Whole Body Vibration

How often does this job require exposure to whole body vibration (like operating a jackhammer or earth moving equipment)?

0%

In an Open Vehicle or Operating Equipment

How often does this job require working in an open vehicle or operating equipment (like a tractor)?

0%

Indoors, Not Environmentally Controlled

How often does this job require working in an environment that is not environmentally controlled (like a warehouse without air conditioning)?

0%

Outdoors, Exposed to All Weather Conditions

How often does this job require working outdoors, exposed to all weather conditions?

0%

Outdoors, Under Cover

How often does this job require working outdoors, under cover (like in an open shed)?

0%

Spend Time Climbing Ladders, Scaffolds, or Poles

How much does this job require climbing ladders, scaffolds, poles, etc.?

0%

Spend Time Keeping or Regaining Balance

How much does this job require keeping or regaining your balance?

0%

Spend Time Kneeling, Crouching, Stooping, or Crawling

How much does this job require kneeling, crouching, stooping or crawling?

0%

Wear Common Protective or Safety Equipment such as Safety Shoes, Glasses, Gloves, Hearing Protection, Hard Hats, or Life Jackets

How often does this job require wearing common protective or safety equipment such as safety shoes, glasses, gloves, hearing protection, hard hats or life-jackets?

0%

Wear Specialized Protective or Safety Equipment such as Breathing Apparatus, Safety Harness, Full Protection Suits, or Radiation Protection

How often does this job require wearing specialized protective or safety equipment such as breathing apparatus, safety harness, full protection suits, or radiation protection?

0%

Education

Master's degree

60%

Bachelor's degree

35%

Doctoral degree

5%

Interests

Investigative

Work involves studying and researching non-living objects, living organisms, disease or other forms of impairment, or human behavior. Investigative occupations are often associated with physical, life, medical, or social sciences, and can be found in the f

93

Conventional

Work involves following procedures and regulations to organize information or data, typically in a business setting. Conventional occupations are often associated with office work, accounting, mathematics/statistics, information technology, finance, or hum

81

Enterprising

Work involves managing, negotiating, marketing, or selling, typically in a business setting, or leading or advising people in political and legal situations. Enterprising occupations are often associated with business initiatives, sales, marketing/advertis

40

Artistic

Work involves creating original visual artwork, performances, written works, food, or music for a variety of media, or applying artistic principles to the design of various objects and materials. Artistic occupations are often associated with visual arts,

14

Realistic

Work involves designing, building, or repairing of equipment, materials, or structures, engaging in physical activity, or working outdoors. Realistic occupations are often associated with engineering, mechanics and electronics, construction, woodworking, t

13

Social

Work involves helping, teaching, advising, assisting, or providing service to others. Social occupations are often associated with social, health care, personal service, teaching/education, or religious activities.

10

Work Styles

Attention to Detail
100%
Dependability
80%
Intellectual Curiosity
78%
Cautiousness
77%
Achievement Orientation
75%
Integrity
75%
Tolerance for Ambiguity
65%
Innovation
64%
Stress Tolerance
60%
Perseverance
59%
Adaptability
46%
Self-Control
45%
Self-Confidence
38%
Initiative
34%
Cooperation
30%
Leadership Orientation
8%
Sincerity
8%
Social Orientation
7%
Empathy
2%

Work Values

Independence
72%
Achievement
67%
Recognition
67%
Working Conditions
67%
Relationships
56%
Support
56%

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