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Traders however tend to have: A - A pretty numerical mindset. Sit in front of their computers all day. Know their processes inside-out. B - Perhaps not form
by zhte415 6y ago
Traders however tend to have:
A - A pretty numerical mindset. Sit in front of their computers all day. Know their processes inside-out.
B - Perhaps not formally trained, but working with data, Bloomberg extracts, a self-taught sense in normalising data.
C - If there's an Excel function that saves time, they know it. This also leads to trader-as-a-developer with personal VBA scripts as that's good enough and there's an IDE in Excel that doesn't need layers of approval to use (which is obviously a disaster) - this also means thinking "If I can do this in Excel in a day, why does it need a development team of 5 to do in a month?"
D - Fast turn-around. That means keeping on top of messages, dates, calendar. And a sense of prioritising this without needing a system to do it. And messages pumped through mail, phone, BBM, conversations all tied together.
E - Don't want to be Nick Leeson and have a grudging acceptance that compliance and audit is a thing.
F - Except when they don't.
Contrast that to typical clerical roles where these things are somewhat 'slower paced' and doing things with Excel/following-up emails becomes a disaster - not in all cases, but in many.
All BAs I know in banking/finance are exceptional communicators that get through points A-F above.
- osullivj 6y agoIn my experience D: Fast turn-around also applies to software dev. Traders get frustrated waiting for IT to deliver new features and systems, so hack up a solution in the closest available tool - Excel.