What does a finance engineer do?
Basically, a finance or financial engineer tests and issues investment analysis methods and tools in an organization. Finance engineers collaborate with asset management firms, insurance companies, banks, and hedge funds. They predict the performance of stocks and other financial tools to help improve the financial operation and management. Computer science and math are the subject matters they utilize in building stock market trends. They play a key role in risk management and investment strategizing.
Finance engineer responsibilities
Here are examples of responsibilities from real finance engineer resumes:
- Manage projects involving product upgrades, new feature deliveries for major equity derivative clients.
- Manage financial statements and work independently to produce accurate records for petty cash, bank reconciliations, and data inventory.
- Perform full reconciliation of results between MatLab codes and C++ system.
- Work with banks and mutual funds on monthly valuations of various fix income securities.
- Classify trading data on trading volume using support vector machine in MATLAB.
- Train other members of the group on the structure and working of mortgage back securities.
- Create fixed-income instrument Java classes; develop analytics relating to price/yield, duration, convexity, carry.
- Engineer business process and construct business reporting architecture in SAS for analyzing non-performing loan (NPL) pricing.
- Work on developing financial derivative products whose pricing reflects the value of intellectual property.
- Develop and maintain SAS prototype for tracking and monitoring model performance; improve model accuracy and effectiveness.
- Conduct geotechnical and environmental subsurface investigations.
- Conduct geotechnical and environmental subsurface investigations.
Finance engineer skills and personality traits
We calculated that 13% of Finance Engineers are proficient in Python, Java, and Risk Management. They’re also known for soft skills such as Analytical skills, Communication skills, and Computer skills.
We break down the percentage of Finance Engineers that have these skills listed on their resume here:
- Python, 13%
Validated payoffs of exotics including accumulators, autocallables, callable range accruals, convertible bonds etc in Python.
- Java, 10%
Charged with developing comprehensive suite of fixed-income analytics in Java and improving risk-management tools Key accomplishments & deliverables:.
- Risk Management, 7%
Developed analytic and numerical models for pricing and risk management of exotic options.
- Derivative, 5%
Worked on developing financial derivative products whose pricing reflects the value of intellectual property.
- Analytical Tools, 4%
Used analytical tools to perform appropriate analysis on structured products and market activity.
- Securities, 4%
Modeled, analyzed, and built update processes for client securities across the RMBS, CMBS, and ABS sectors.
Most finance engineers use their skills in "python," "java," and "risk management" to do their jobs. You can find more detail on essential finance engineer responsibilities here:
Analytical skills. To carry out their duties, the most important skill for a finance engineer to have is analytical skills. Their role and responsibilities require that "financial analysts must evaluate a range of information in finding profitable investments." Finance engineers often use analytical skills in their day-to-day job, as shown by this real resume: "implemented statistical property analyzer for various interest rate derivative instruments. "
Communication skills. Another essential skill to perform finance engineer duties is communication skills. Finance engineers responsibilities require that "financial analysts must be able to clearly explain their recommendations to clients." Finance engineers also use communication skills in their role according to a real resume snippet: "maintained constant communication with clients and evaluated impact using salesforce (crm). "
Computer skills. Another skill that relates to the job responsibilities of finance engineers is computer skills. This skill is critical to many everyday finance engineer duties, as "financial analysts must be adept at using software to analyze financial data and trends, create portfolios, and make forecasts." This example from a resume shows how this skill is used: "prepared journal entries and bank reconciliations competencies computer skills: access, excel, and powerpoint languages: french"
Detail oriented. For certain finance engineer responsibilities to be completed, the job requires competence in "detail oriented." The day-to-day duties of a finance engineer rely on this skill, as "financial analysts must pay attention when reviewing a possible investment, as even small issues may have large implications for its health." For example, this snippet was taken directly from a resume about how this skill applies to what finance engineers do: "engaged with trading desks, portfolio strategy & risk management to determine priority and detailed requirements. "
Math skills. Another common skill required for finance engineer responsibilities is "math skills." This skill comes up in the duties of finance engineers all the time, as "financial analysts use mathematics to estimate the value of financial securities." An excerpt from a real finance engineer resume shows how this skill is central to what a finance engineer does: "encoded mathematical models of mortage backed securities (mbs). "
The three companies that hire the most finance engineers are:
- Amazon25 finance engineers jobs
- Kimberly-Clark8 finance engineers jobs
- Moody's7 finance engineers jobs
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Compare different finance engineers
Finance engineer vs. Structurer
A Development Engineer is responsible for the development and validation of products, systems, and components. They are also responsible for quality control of work and continuous improvement of engineer activities.
While similarities exist, there are also some differences between finance engineers and structurer. For instance, finance engineer responsibilities require skills such as "python," "java," "risk management," and "c #." Whereas a structurer is skilled in "origination," "approval process," "global markets," and "corporates." This is part of what separates the two careers.
Structurers really shine in the finance industry with an average salary of $127,286. Comparatively, finance engineers tend to make the most money in the finance industry with an average salary of $106,812.On average, structurers reach similar levels of education than finance engineers. Structurers are 1.8% more likely to earn a Master's Degree and 4.4% less likely to graduate with a Doctoral Degree.Finance engineer vs. Equity structurer
Engineers are highly trained professionals who determine the feasibility of various projects, usually related to the construction industry. They are considered experts in mathematics and science, two disciplines that they need to use in designing and coming up with plans for projects. They should also be well-versed in different construction or industrial materials, and they ensure that appropriate materials are used for the project. They also ensure that the projects meet the requirements of the groups that hired them. They create spaces that would both address the needs of the end-users and the industry standards. They also ensure that the projects they make would stand the test of time.
Each career also uses different skills, according to real finance engineer resumes. While finance engineer responsibilities can utilize skills like "python," "java," "risk management," and "c #," equity structurers use skills like "institutional clients," "wealth management," "equity products," and "isda."
In general, equity structurers achieve lower levels of education than finance engineers. They're 20.0% less likely to obtain a Master's Degree while being 4.4% less likely to earn a Doctoral Degree.Finance engineer vs. Development engineer
The required skills of the two careers differ considerably. For example, finance engineers are more likely to have skills like "risk management," "analytical tools," "securities," and "capital markets." But a development engineer is more likely to have skills like "software development," "lifecycle management," "ui," and "project management."
Development engineers earn the best pay in the technology industry, where they command an average salary of $105,648. Finance engineers earn the highest pay from the finance industry, with an average salary of $106,812.When it comes to education, development engineers tend to earn lower degree levels compared to finance engineers. In fact, they're 20.1% less likely to earn a Master's Degree, and 1.7% less likely to graduate with a Doctoral Degree.Finance engineer vs. Engineer
Types of finance engineer
Updated January 8, 2025
