Jezri Mohideen has worked in the finance industry for almost twenty years, specialising in quantitative analysis and financial engineering and holding a series of highly senior positions. Financial engineering is a relatively new field which has changed and developed over the past twenty years as technology advances. Here Jezri Mohideen defines what the term means:
Financial engineering can be used to refer to any position in which the individual’s work is informed by financial theory and who uses a full range of modern finance tools. In some cases practitioners will restrict the use of the term only to those who create new products and strategies but the term can be used more broadly to define anyone on finance who uses technical tools. A financial engineer is likely to be responsible for designing, creating and implementing new financial strategies, products, models, instruments and processes which can solve problems and take advantage of new opportunities in finance and analyse risk effectively. A financial engineer could work in banking, securities, financial consulting or management.