Hi, this may be a stupid question, but I don't work in S&T. What is exactly the difference between a) a quantitative analyst, b) a trading strat and c) a risk manager. Apparently a risk manager analyses risks, but isn't a strat doing that as well? are they synonyms? Is a quant doing pricing? and if so, is a quant the same as a structurer again?
thanks a lot for any answers
b) is GS-talk for a)
A strategist is someone who comes up with trade ideas, normally for end clients. An analyst is a broad denomination for someone on the desk who does some work, which may or may not be quantitative and may or may not be related to client ideas. A risk manager is someone who has a sort of an oversight responsibility over traders and will try to ensure that things stay within limits.
I've seen a lot about structuring as well but it seems like every bank has a very different definition of it eg Deutsche sounds very quantitative and sounds like it involves a lot of programming and math whereas Barclays sounds like its more of a hybrid sales role. How can I tell from the websites which is which when I'm trying to make an application?
Not sure, if the responses here answer the OP's question well. In the context of a bank, here are descriptions straight from their promotional material
Strat = Desk Strategist Quant = ModelersAlso from my time working at a bank, what I've heard is that quants work on more long-term research projects (code in C++) whereas desk strats do more day-to-day quant support of the trading desks by developing and tools and researching trading strategies (code in Python).
I am working in Valuation control and doing pricing for trading department
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