Analytics for Trading desk of BB vs Market Risk in Asset Management

[shadefaliam]

I have offers for a data science and analytics role on the trading desk of a BB in New York and another for quantitative risk management within a $250B asset management firm and need your opinions. To provide more context:

a) The analytics role resides directly in the trading business and I would be reporting to a senior trader (my hiring manager). I was interviewed by three very senior traders (including global head of the desk's electronic trading business), MD of algo trading technology, a head quant and an analytics specialist. The work would entail exploring new signals for trade along with lots of data engineering. However, I was made clear that though I would be working very closely with the quants and technology, I would not be taking over the role of quants who reside outside S&T as a separate unit.

b) The second offer is a quant risk role which involves prototyping in Matlab to manage market, credit and liquidity risk. The team consists mostly of PhDs and I am apprehensive that in the long run I might be at a disadvantage (kindly correct me if I am wrong here).

I want to look beyond traditional risk roles in the industry and hence I'm pretty excited about the first role. It would be great if quantnet members could offer their opinions on this.

 

[Lucas Westine]

Feeling is the most important factor when complex reasoning does not work.
Otherwise, money top and learning curve must always mean somewhat to you.

 

[zlatancrew]

You provided us both the question and the answer.
(Go with the first role)

 

[Andy Nguyen]

What are the compensations compared? The first role sounds more exciting but may carry more risk since big data is not as established as risk management but high risk, high reward.
If you can make a name for yourself, you can be in a very niche market which jobs line up in the future.
In either case, best of luck and tell us more. I'm sure many of us will want to know what you will do at work.

 

[shadefaliam]

What are the compensations compared? The first role sounds more exciting but may carry more risk since big data is not as established as risk management but high risk, high reward.
If you can make a name for yourself, you can be in a very niche market which jobs line up in the future.
In either case, best of luck and tell us more. I'm sure many of us will want to know what you will do at work.

Thanks @Andy Nguyen . The compensations are similar and I had exactly the same concerns regarding a new role. I will keep quantnet updated with how things come about.

 

[shadefaliam]

Operation is definitely the effect of sensible risk management. On Bellevue Advantage Managing risk managing is definitely an important part of your entire financial commitment process.

Frankly speaking, I have no clue what you meant above.

 

[pingu]

Operation is definitely the effect of sensible risk management. On Bellevue Advantage Managing risk managing is definitely an important part of your entire financial commitment process.

i need some of what you were smoking when you wrote this post.