September 17th, 2011, 9:56 pm
QuoteOriginally posted by: QuantOrDieWhat have you been doing in the BO? "Supporting on structured trades quant issues" seems vague. Were you doing risk? Regulatory? Tech? Ops? Risk is probably best to move to a trading role.However, you are probably too old, and it doesn't sound like you have much more relevant experience than a 2nd year analyst trader does. Not trying to be too harsh, just realistic. Why do you want to move to trading? Higher risk with lower reward, given where you're probably at right now.Thanks for the reply.The terminology for what I am doing is vague but mainly doing back office quant support for product risk and product control. Example, to make it clear: BO high wing Vol surface interpolation/extrapolation schemes with arb free conditioning, Local vol testing for stoch vol models, full understanding of FO quant models for BO support, calibration of any kind of model to market, etc. I know that it is not the bog standard job but that's part of why I am asking on the forum.What is the relevant experience that one can get in the BO? I do observe that the floor guys do have quite limited understanding of building surfaces, ir models etc. I do appreciate that they are the customer and consumer, not necessarely the theoretical experts. But I do think that my constant theoretical AND practical dealing with those issues could be used as leverage?Anyway, pipe dream, I know.For why I want to do it? What else is there to do? BO quants have nowhere to go. Dead end. And I do know the BO very well. So I am not after any tips on BO.Higher risk less reward? I am at a stage where I can take risks at work as it won't influence my private life/accumulated wealth. I will never be an Fo quant, can't sing or paint, what else is there?Thanks for any other views,Alk