Principal Quantitative Developer
Company: Fidelity Investments
Location: Boston
Posted on: April 19, 2024
Job Description:
Job Description:The RoleAs one of the principal quant developer
on the team, you blend investment management and technical
expertise with a passion for delivering results. You will be
'embedded' within the quantitative research team and you will
partner with the investment teams on various projects including
risk management and portfolio construction. You will build high
quality, robust, and efficient technology solutions that will help
in defining risk for the alternative investment processes. -The
Expertise and Skills You Bring
- Bachelor's degree (or above) in a quantitative or computational
field such as Statistics, Computer Science or Applied
Mathematics
- 6 + years of experience in analytical models and working with
investment professionals
- Knowledge of portfolio risk analytics
- Domain knowledge in either equities, fixed income or
alternative asset classes
- Deep understanding of quantitative techniques and methods,
statistics and econometrics - including probability, linear
regression and time series data analysis
- Consistent track record in hands-on development of analytical
solutions
- Full-stack software development knowledge.
- Technical and programming skills including Python, pandas,
numpy, SQL and Linux.
- Ability to effectively communicate with multiple collaborators,
including fundamental and quantitative researchers, technology
partners and senior management
- Thoughtfully apply advanced analytics and quantitative concepts
to support investment needs and develop new solutions.
- Lead the implementation of a research project through the
entire software development lifecycle using a full-stack
implementation.
- Add scale, rigor, 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.
- Adept at detecting scope changes and escalating issues -The
TeamQuantitative Development team is part of Asset Management's
Quantitative Research & Investment Technology group that partners
with the investment teams in Fidelity Asset Management Solutions on
various projects including portfolio construction, risk management,
and alpha research. We create high quality, robust, and efficient
high-responsive solutions that are used to enhance Fidelity
productivity and decision-making processes.The base salary range
for this position is $85,000-$179,000 per year. -Placement in the
range will vary based on job responsibilities and scope, geographic
location, candidate's 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 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.Certifications:Company Overview Fidelity Investments is a
privately held company with a mission to strengthen the financial
well-being of our clients. We help people invest and plan for their
future. We assist companies and non-profit organizations in
delivering benefits to their employees. And we provide institutions
and independent advisors with investment and technology solutions
to help invest their own clients' money. Join Us At Fidelity,
you'll find endless opportunities to build a meaningful career that
positively impacts peoples' lives, including yours. You can take
advantage of flexible benefits that support you through every stage
of your career, empowering you to thrive at work and at home.
Honored with a , we have been recognized by our employees as a top
10 Best Place to Work in 2024. And you don't need a finance
background to succeed at Fidelity-we offer a range of opportunities
for learning so you can build the career you've always imagined.
blends the best of working offsite with maximizing time together in
person to meet associate and business needs. Currently, most hybrid
roles require associates to work onsite all business days of one
assigned week per four-week period (beginning in September 2024,
the requirement will be two full assigned weeks). 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. We invite you to Find Your Fidelity at . 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. 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 , or by
calling 800-835-5099, prompt 2, option 3.
We welcome those with experience in jobs such as Billing and
Posting Clerk, Controller, and Financial Analyst and others in the
Accounting and Finance to apply.
Keywords: Fidelity Investments, Framingham , Principal Quantitative Developer, Other , Boston, Massachusetts
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