Front Office Trade Analytics Role (Equity Derivatives Desks), worth a try?

Hi all, 

I recently bumped into a Risk and Analytics role to support Equity Derivatives (Exotics/Structured products) trading desks at an tier-2 bank. The main responsibility is to collect data from multiple sources (trading desks/risk systems/quants), consolidate the data, and do ad-hoc analysis (intra-day risk analysis), and populate stats/reports to traders/senior managment.

This is a small team (only 2-3, supporting global trading desks US/UK), and the team does sit on the trading floor supporting multiple Equities trading desks. People I met along the way seems nice to work with (MS in Quant Finance, CS PhD, etc.). The MD (head of trading) seems a bit intimidating tho.

I have a quantitative background (BS Math + MFE) and work as a risk quant researcher at an exchange. I mainly work with listed Equity Index Derivatives these days.

Given the above info, could you please help on a few questions:

1. Is this role considered a FO role? What is the usual career path and exit ops? Is it possible to move into trading in a few years.
2. Is this role a good fit for me? This is not a desk quant role, and interviewers have strong backgrounds in CS. On the daily basis, they work with databases, Tableau, Python, etc.
3. Is this a job where I will learn a lot (aspects of trading specificlly)?
4. How's career outlook for Equity Exotics desk specificlly?

Thanks in advance.

5 Comments
 

Based on the most helpful WSO content, here's what you need to know:

  1. Is this role considered a FO role? What is the usual career path and exit ops? Is it possible to move into trading in a few years?

    • Front Office Role: Yes, this role is considered a Front Office (FO) role as it directly supports trading desks and involves intra-day risk analysis and reporting to traders and senior management.
    • Career Path and Exit Opportunities: The usual career path can lead to roles in trading, structuring, or even moving into more quantitative roles within the trading floor. Given your quantitative background, transitioning into a trading role in a few years is possible, especially if you demonstrate strong analytical skills and a good understanding of the trading strategies.
  2. Is this role a good fit for me?

    • Fit for You: Given your background in BS Math and MFE, and your current role as a risk quant researcher, this role seems like a good fit. The role involves working with databases, Tableau, and Python, which aligns well with your quantitative skills. The team’s strong background in CS and quant finance suggests a collaborative environment where you can leverage and further develop your skills.
  3. Is this a job where I will learn a lot (aspects of trading specifically)?

    • Learning Opportunities: Yes, this role will provide significant learning opportunities, especially in aspects of trading. Being on the trading floor and supporting multiple equities trading desks will expose you to various trading strategies, risk management practices, and the overall dynamics of the trading environment.
  4. How's career outlook for Equity Exotics desk specifically?

    • Career Outlook: The career outlook for Equity Exotics desks is generally positive. According to previous WSO threads, equity exotics trading is becoming more automated, but there is still a strong demand for quantitative skills and a deep understanding of complex financial products. The role requires a high level of mathematical and coding proficiency, which aligns well with your background.

In summary, this role appears to be a good fit for you, offering valuable learning opportunities and a potential pathway to trading roles in the future. The career outlook for Equity Exotics desks remains strong, especially for individuals with a robust quantitative background.

Sources: Differences Between Exotics Desks, HELP: The Future of the S&T Job Market and Selecting the Right Desk, https://www.wallstreetoasis.com/forum/trading/what-are-the-top-volatility-trading-desks-at-jpm-gs-and-what-differentiates-them?customgpt=1, Different Desks on the trading floor, What would you like to know about Equity Sales / Research?

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

Definitely not a front-office role, given you are not directly generating revenue. Sounds more like MO imo.

 

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