What Are the Responsibilities of a Quantitative Analyst at FINCAD?

[acorn]

I found this job opening info from on a local newspaper.
FINCAD provides http://www.fincad.com/" tools and analytics to financial institutions. Hope it helps.

FINCAD (www.fincad.com)

What we will ask of you:

As part of the Research & Development team, the Quantitative Analyst responsibilities include

* Designs, documents, prototypes and programs mathematical solutions to specified financial problems.
* Conducts detailed research and analysis of defined financial engineering problems.
* Provides financial expertise in the design of business solutions.
* Assists in the specification/documentation of detailed requirements for features.
* Provides time estimates for allocated work items. Regularly reports progress on allocated work including issues that threaten the quality or timeliness of the work.
* Participate in the continual improvement of the quantitative research (and development) processes and procedures implemented at FINCAD.
* Continually improves knowledge of the financial domain by reading books, attending seminars/courses and subsequently disseminating the knowledge amongst the whole R&D team.
* Acts as a domain expert for areas allocated by Head of Quantitative Research.
* Participates in the review of peers work.

Requirements:

* PhD in mathematics or a mathematical science
* Object-oriented programming experience is required (C++ preferred)
* Experience with a range of numerical methods to solve mathematical problems
* 2 - 5 years experience in quantitative research (financial industry preferred).
* Has command of the basic concepts available in financial engineering textbooks and is beginning to be a specialist in a few key areas.
* Good Communications skills (verbal and written).
* Good planning and organizational abilities.
* Ability to meet deadlines
* Desirable (but not essential) skills include: Matlab, MS-Excel, Python, and experience with a formal software development process

 

[mayonaise]

Just being curious... Exactly what kind of sciences are considered "mathematics or a mathematical science"? Physics counts, yes. Computer Science? Engineering? I mean any STEM field is more or less mathematical, but a line should be drawn somewhere.

Or is it that the name of the degree is less important than the actual math used in that PhD?

 

[twofish-quant]

Just being curious... Exactly what kind of sciences are considered "mathematics or a mathematical science"? Physics counts, yes. Computer Science? Engineering? I mean any STEM field is more or less mathematical, but a line should be drawn somewhere.

If you have done heavy math and computer programming, that usually counts for these types of jobs. I've seen people with CAD experience in mechanical engineering or heavy duty CFD experiences get quant positions

Or is it that the name of the degree is less important than the actual math used in that PhD?

The name of the degree doesn't matter much and curiously enough neither does the actual math used in the Ph.D. What does matter is literacy (i.e. someone hands you a piece of paper with C++ code and PDE's and you can figure out what to do with them).

 

[Eren10]

What will be the salary ? ( curious ) maybe i will try to improve me to get a job like this, this kind things interests me

 

[twofish-quant]

What will be the salary ? ( curious ) maybe i will try to improve me to get a job like this, this kind things interests me

It's probably not that much higher than your standard computer programming position. The big problem with this position is that it appears to be in Vancouver and not in a major financial center (HK. London, NYC). The problem with finance jobs outside of the major centers, is that usually it's one of a very, very few finance employers in the area, and not like NYC where there are hundreds of places looking for people. The salaries are much lower, but so is the cost of living.

Also, places outside of NYC, London, and HK/Singapore generally hate hiring people that have just got out of school, because they are afraid that after six months, you'll get an offer by some bank in NYC and leave. One of the informal requirements about these sorts of positions is that you must have lived in NYC and decided that you hated it and am never going back.