Posted 15 days ago
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Principal Quant Developer: Lead implementation of research projects, enhance investment processes with robust analytics software. Must have BS/MS in quantitative field, 8+ years' experience, strong proficiency in Python, Java, SQL, Linux. Deep understanding of quantitative methods and AWS cloud development. Collaborate effectively with stakeholders, thrive in fast-paced environment. Onsite role with competitive salary and extensive benefits.
- Compensation
- $107,000 – $216,000 USD
- City
- Not specified
- Country
- Not specified
Currency: $ (USD)
Full Job Description
Fidelity will not provide immigration sponsorship for this position.
Job Description:
The Role
A Principal Quantitative Developer is a core software engineering role in our dynamic, fast-paced quantitative development team. You will be embedded within the quantitative research team, and you will be partner with the investment teams on various projects including portfolio construction, risk management, and alpha research. You will contribute to building high quality, robust, and efficient analytical software solutions that will be used to improve investment processes. You and tour team will be responsible for developing, running, and supporting various Quantitative Tools in cloud environment and communicate the same with customers. Responsibilities will include:
- Lead/Own the implementation of a research project through the entire software development lifecycle applying a full-stack implementation.
- Intuitively apply advanced analytics and quantitative concepts to support investment needs and develop new solutions.
- Add scale, reliability, and repeatability to research through software development standard methodologies.
- Assist Research teams in developing new models and products that will provide an advantage to the organization in the marketplace.
- Thoughtfully apply sophisticated analytics and quantitative concepts to support investment needs and develop new solutions.
- Adaptive and effective team player with strong collaboration
The Expertise & Skills You Bring
- Bachelor's degree (or above) in a quantitative or computational field such as Statistics, Computer Science or Applied Mathematics
- 8 plus years of experience in complex software development and working with investment professionals
- Deep understanding and implementation of software excellence concepts (Reliability, Extendibility, Resiliency, Flexibility, Pluggability, Intuitive Problem Solving, Risk mitigation, Tech debt, Scope, Estimation, Quality, CI/CD, Unit testing, Functional testing, Load testing, Parallel Processing, Resource Synchronization, Performance, Monitoring, Alerts, Logging, Tracing, Observability, Supportability etc.)
- Advanced Experience in Analytical/Software Engineering skills including Python, Java, SQL and Linux.
- Sophisticated understanding of quantitative techniques and methods, statistics, and econometrics including probability, linear regression, and time series data analysis
- Own the implementation of a research project through the entire software development lifecycle applying a full-stack implementation.
- Substantial Experience with AWS cloud environment development and deployment is a plus.
- Good experience in either equities, fixed income, or alternative asset classes
- Consistent track record in hands-on development ownership of complex software solutions.
- Ability to effectively connect with multiple partners, including fundamental and quantitative researchers, divisional partners and senior management
- Thrive in working with fast-paced competing requirements and effectively delivering business needs
The Team
The Advanced Strategies and Research Quant Development team (ASR Quant Dev) is part of Asset Managements Quantitative Research and Investment Technology group that partners with various investment teams and projects. We build and own high quality, robust, adaptive, resilient solutions that are critical to investment management, quantitative analysis, and new product development.
Fidelitys Onsite Working Model
Fidelity is transitioning to a full-time onsite working model through a phased rollout across regions and roles. Currently, some roles and locations require 100% onsite presence, while others require less. Onsite expectations are likely to evolve as the rollout continues. This transition does not apply to fully remote roles.
Placement in the range will vary based on job responsibilities and scope, geographic location, candidates relevant experience, and other factors.
Base salary is only part of the total compensation package. Depending on the position and eligibility requirements, the offer package may also include bonus or other variable compensation.
We offer a wide range of benefits to meet your evolving needs and help you live your best life at work and at home. These benefits include comprehensive health care coverage and emotional well-being support, market-leading retirement, generous paid time off and parental leave, charitable giving employee match program, and educational assistance including student loan repayment, tuition reimbursement, and learning resources to develop your career. Note, the application window closes when the position is filled or unposted.
Please be advised that Fidelitys business is governed by the provisions of the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, the Investment Company Act of 1940, ERISA, numerous state laws governing securities, investment and retirement-related financial activities and the rules and regulations of numerous self-regulatory organizations, including FINRA, among others. Those laws and regulations may restrict Fidelity from hiring and/or associating with individuals with certain Criminal Histories.
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Benefits that balance life and work
From our fully paid parent leave to our on-site health and wellness centers, our benefits support the belief that more balance you have, the better you can achieve your goals.
Company overview
Company overview
At Fidelity, we are passionate about making our financial expertise broadly accessible and effective in helping people live the lives they want. We are a privately held company that places a high degree of value in creating and nurturing a work environment that attracts the best talent and reflects our commitment to our associates. We are proud of our diverse and inclusive workplace where we respect and value our associates for their unique perspectives and experience.
Reasonable accommodations
Fidelity will reasonably accommodate applicants with disabilities who need adjustments to participate in the application or interview process. To initiate a request for an accommodation contact the HR Accommodation Team by sending an email to accommodations@fmr.com, or by calling 800-835-5099, prompt 2, option 3.
Equal opportunity employer
Fidelity Investments is an equal opportunity employer. We believe that the most effective way to attract, develop, and retain a diverse workforce is to build an enduring culture of inclusion and belonging.
Applicant screening
At Fidelity, we value honesty, integrity, and the safety of our associates and customers within a heavily regulated industry. Certain roles may require candidates to go through a preliminary credit check during the screening process. Candidates who are presented with a Fidelity offer will need to go through a background investigation and may be asked to provide additional documentation as requested. This investigation includes but is not limited to a criminal, civil litigations and regulatory review, employment, education, and credit review (role dependent). These investigations will account for 7 years or more of history, depending on the role. Where permitted by federal or state law, Fidelity will also conduct a pre-employment drug screen, which will review for the following substances: Amphetamines, THC (marijuana), cocaine, opiates, phencyclidine.
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