AU
Sector: Quantitative Analytics
Three sizzling hot job sectors for the start of the summer
Overall hiring rates might be heading downwards as we approach the summer season, but these job functions are set to stay strong. High frequency quantitative analysts “With the growth in high frequency trading and cross-asset class strategies creating the need for new models and algorithms, there is increased demand for quantitative analysts with PhDs in [...]
Don’t quit if you’re a quant
Quantitative analysts are staying comparatively safe in the current cut-throat world of Aussie banking. And there are also opportunities in the corporate sector. Quants offer pure, unemotional mathematical analysis, which is much needed in these turbulent times. “They are not for the chopping board. They’re not dreading the phone call. Good quants are very good [...]
Want to leave? Pay back that bonus
Investment banks are coming up with innovative ways to keep some staff on their payrolls, even while they let go of others in the wake of the credit crunch. This inventiveness mostly takes the form of long-term stock grants, or measures that let banks defer cash expenses in hopes that revenue growth will pick up [...]
Quant risk is the new black
It’s a great time to have risk – someone else’s. Suddenly everyone’s screaming for quant risk specialists. The Robert Walters Salary Survey 2008 says salaries have jumped to AU$135k for quant risk specialists with six plus years’ experience, up from AU$120k last year. In fact, anyone working in risk will be at least 10% better [...]
False sense of security?
The US financial services industry is burning, but who’s to say Sydney’s so safe? Bear Stearns doesn’t have an Australian office and Macquarie and Babcock made healthy profits in 2007, but that doesn’t make Australia immune to what’s happening on Wall Street. Australia’s market has dropped 20% since November, with finance stocks down 30%. Notions [...]
The algo no-show
Algorithmic trading is supposed to be the next big thing. Not in Australia. Billed as the biggest revolution in equities trading since markets moved off trading floors and onto computer screens, algorithmic trading jobs are a hot topic in the northern hemisphere, but have yet to gain traction down under. The tiny Australian market and [...]
The quest for quants
“It’s a black art,” says a banker who doesn’t want to be named. “Propeller heads,” says a recruiter. Quants really know how to frighten people. It’s no wonder when you see the job specs: “Strong mathematical/modelling skills, theoretical mathematical concepts, excellence in numerical techniques, derivatives modelling, discriminant analysis.” And these jobs are breeding. “We’ve got [...]
Algorithmic trading developers can cross borders
These days, algorithmic trading development is a ‘hot area’ within the banking sector. So, when algorithmic trading development roles come up, corporations access the best and brightest candidates – no matter where they reside – to ensure they hire the best person. Jim Cook from search firm Derwent Executive is currently looking to place an [...]
Econometrics skills called for in risk management roles
Risk management practices have been thrown into the limelight over the past few years thanks to incidents such as Barings Bank nearly being destroyed by Nick Leeson or, closer to home, the unauthorized foreign exchange losses that plagued NAB. The need for stricter risk management procedures has led to more and more banks employing econometric [...]
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