Posted 10 days ago
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**Quantitative Risk Developer** spearheads Fidelity's next-gen portfolio analytics platform, driving risk management, portfolio construction, and alpha research across asset classes. Key responsibilities include designing, developing, and implementing core risk capabilities like multi-asset class ex-ante risk modeling, performance attribution, stress testing, and collaborating with technologists for seamless integration with existing systems. The role demands expertise in quantitative finance libraries (NumPy, SciPy), expert Python programming, strong Git proficiency, and understanding of AI/ML fundamentals. A master's degree in a technical field with 5+ years of relevant experience is required. Proven track record in quantitative model implementation and application for risk management or portfolio construction is highly preferred.
- Compensation
- $100,000 – $200,000 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
Quantitative Research and Investments (QRI) is seeking a highly motivated and experienced Quantitative Risk Developer to join our team in building Fidelity's next-generation portfolio analytics platform. The portfolio analytics platform is leveraged across Fidelity by investment professionals for risk management, portfolio construction, and alpha research. This is a unique opportunity to make a significant impact on how Fidelity manages risk and constructs portfolios across asset classes. The next-generation portfolio analytics platform is a greenfield project in which Fidelity is making a significant investment over multiple years.
The successful candidate will work closely alongside quantitative researchers in writing the core portfolio analytics libraries and with technologists to deploy them in the production risk environment.
The Value You Deliver
- Design, develop, and implement core risk capabilities for Fidelitys risk management platform, focusing on:
- Multi-asset class ex-ante risk modeling
- Performance attribution analysis
- Stress testing and scenario analysis
- Collaborate with quantitative risk managers to build cutting-edge tools and software libraries, advancing our analytical capabilities
- Apply software development best practices to optimize run-time performance, scalability, and robustness of the platform
- Partner with technologists to ensure seamless integration of quant codebase with existing systems, data infrastructure, and production environments
- Engage with investment professionals across Fidelity Asset Management to understand their evolving needs and ensure the risk platform meets their business requirements
Education and Experience
- Masters degree with an outstanding academic record in a technical field such as science, engineering, or mathematics, with 5+ years of experience as a quant developer for an investment firm. Bachelors degree with 7+ years of relevant experience may be considered.
The Skills You Bring
- Expert Python programming skills with a strong emphasis on libraries used in quantitative finance, including NumPy and SciPy
- Experience implementing quantitative models and applications for risk management or portfolio construction highly preferred
- Good understanding of software version control with strong Git proficiency, testing methodologies, code reviews, documentation, and other best practices
- Understanding of AI/ML fundamentals; familiarity with tools like GitHub Copilot; experience applying AI techniques for time series data anomaly detection
- Preferred practical experience building interactive Python GUIs (e.g., Dash, Streamlit)
- Strong communication skills with the ability to effectively convey complex technical information to both technical and non-technical audiences
The Group
QRI is an investments and research division within Asset Management at Fidelity. QRI is responsible for managing and developing quantitative and hybrid quant/fundamental investment strategies and solutions while also providing high quality quantitative, data-driven research to Fidelitys investment professionals, ensuring they have access to the most relevant data and advanced quantitative analysis.
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.
Certifications:
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All fields are required. Candidates should limit the number of roles they apply to at any given time.
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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