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How to write a Quantitative Analyst Job Description

Posted on April 2023

Job Description

A Quantitative Analyst is a professional who utilizes a range of quantitative methods to help companies to make sound financial decisions.

Also known as Quants, Quantitative Qnalysts help businesses to manage risk, identify profitable investment opportunities, and develop pricing models in line with business needs.

The most effective way of hiring and attracting top industry talent is by writing and advertising a Quantitative Qnalyst description. After all, an inspiring and detailed job description is an essential part of the hiring process that will help you to determine whether potential candidates are suitable for the role.

Main responsibilities for a Quantitative Analyst

As an employer, you should always mention the main responsibilities that the successful candidate would be expected to fulfill in the role.

Quantitative analysts’ main responsibilities center around carrying out extensive market research to find solutions to challenging and often complex financial issues, using descriptive and inferential statistics.

Collaborating with financial analysts, a quantitative analyst is also responsible for making modeling decisions, designing quantitative models, performing coding, and carrying out testing.

All of these and other key responsibilities should be mentioned within your job description so that potential candidates understand what is expected of them.

Within this section of the job description, you should also include the contracted hours that the successful candidate will be required to work each day and week. If evening and weekend work is required as part of the role, this should also be stated.

To also find out how to successfully onboard a new employee, take a look here.

Skill and qualifications needed to be a Quantitative Analyst

Alongside the main responsibilities, it’s important to mention the skills and qualifications that potential candidates should hold before applying for the role. This helps ensure that only strong candidates apply.

To become a Quantitative Analyst, you will need to have a strong foundation in mathematics, statistics, and computer programming. Some specific hard skills you may need include:

  • Advanced knowledge of mathematics

  • Proficiency in statistical analysis and data modelling

  • Strong programming skills, particularly in languages such as Python, R, or MATLAB.

  • Familiarity with financial markets, products and instruments, as well as financial mathematics.

  • Knowledge of financial risk management, portfolio heory and optimization, and pricing models.

  • Experience in data management, including data cleaning, preprocessing, and analysis.

  • Ability to work with databases and querying languages such as SQL.

These hard skills will enable you to perform the quantitative analysis needed for investment banks, hedge funds, asset management firms, or other financial institutions. However, it is also important to develop soft skills such as critical thinking, communication, and problem-solving abilities, as well as staying up-to-date with the latest developments in the industry.

To learn more about soft skills, check out our blog here.

A career as a quantitative analyst also typically requires at least a bachelor's degree in a relevant field, such as statistics, computer science, mathematics, or finance, and this should be clearly stated.

Depending on the level of expertise you require for the role, you can request candidates apply only if they obtain relevant degrees or work experience.

How to write a Quantitative Analyst job description

When writing a job description, it’s important that you always start by mentioning the job title and job summary - this information should attract, engage, and appeal to your desired candidate.

A good job description should include the following information:

  • Core responsibilities and daily duties of the position

  • What you as an employer expect from employees

  • A description of your company’s core values and culture

  • Shout about why potential candidates should work for your company

  • A description of employee benefits

  • Working hours

  • Holiday entitlement

  • Working environment.

Ultimately, this is your opportunity to attract the very best candidates and fill your job role.

Finally, you should also mention the salary range as this will also help you to stand out among other employers and attract best-fit applicants.

How to hire the best candidate

To hire the best candidate for your quantitative analyst position, get in touch with Selby Jennings today by completing the form below. As a leading Talent Partner in Quantitative Research and Trading, we have access to industry-leading Quantitative Analyst talent and are experts in identifying the right candidates.

To find the talent you need, submit your open vacancy to the Selby Jennings vacancy page or request a call back below to elevate your recruitment process.

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