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AM Quantitative Analyst I

Fidelity

Fidelity

IT
Boston, MA, USA
Posted on Apr 17, 2025
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Job Description:

Position Description:

Conducts research to hedge portfolio exposures to risk factors like equity beta and duration in a multi-asset class and liability-driven context. Builds robust quantitative tools to aid all aspects of portfolio construction. Monitors, measures, and attributes portfolio risks and returns. Aids in the implementation of equity portfolios. Develops Python code to implement financial models that support global market asset allocation and security selection for investment portfolios. Uses Python and Flask to develop web-based tools and dashboards to visualize fund performance and risk metrics. Performs attribution and risk analysis on the performance of managed funds.

Primary Responsibilities:

  • Leads research in strategic design and active allocation from inception to implementation.

  • Understands, maintains, and improves infrastructure supports investment process.

  • Builds and automates tools to monitor portfolios for compliance with mandates and risk boundaries.

  • Builds dashboards to help portfolio managers manage client portfolios.

  • Collaborates closely with other investment and technology professionals within the division.

  • Contributes to the investment team’s success with thorough insights and investment recommendations that are based on quantitative analysis.

  • Assists in domestic and international equity research.

  • Supports multi-account portfolio constriction processes.

  • Tests investment strategies and conducts after-tax and risk analyses to ensure successful transitions.

  • Provides insights and investment recommendations based on quantitative analyses.

  • Establishes optimal investment approaches by conducting after-tax and risk analyses.

  • Ensures successful transitions from the Research and Development team to the investment management teams.

  • Collaborates with portfolio managers and develops analytic studies using new strategies.

  • Supports and tests strategies relates to investment and portfolio construction.

  • Prepares plans of action for investment using financial analyses.

  • Conducts quantitative analyses of information involves investment programs or financial data of public or private institutions, includes valuation of businesses.

Education and Experience:

Master’s degree (or foreign education equivalent) in Accounting, Economics, Finance, Financial Mathematics, Statistics, Mathematics, Financial Engineering, or a closely related field and no experience.

Skills and Knowledge:

Candidate must also possess:

  • Demonstrated Expertise (“DE”) in the development and support of liability driven investment (LDI) strategies for pension plans; performing portfolio construction, asset allocation, and risk management of pension portfolios; hedging liability duration along the yield curve to manage credit spreads; evaluating trade-offs between objectives and constraints to solve optimization problems; analyzing custom funded ratio attribution; working with client-facing teams on what-if scenarios and developing strategic asset allocation models.

  • DE performing research and development of tactical asset allocation models; performing factor modeling with a focus on valuation; developing capital market assumptions and implementing them in asset allocation models; evaluating closed form solutions versus optimizer-based solutions to select appropriate methods for best performance; supporting portfolio managers providing OCIO services to institutional clients; running spend analyses for endowments using Monte Carlo simulations.

  • DE developing tools for optimal asset allocation interfacing with enterprise systems and databases, and presenting charts and metrics as interactive dashboards; using SQL and Python and R to present reports and results of analyses, including using optimizers -- CPLEX or NLopt or CVXOPT to construct portfolios meeting stated objectives and investment constraints; developing web applications and dashboards to analyze and visualize asset performance, using R-Shiny and Python-Flask/Django (as the back-end) and Dash-Plotly or Angular or React (as the front-end); optimizing the efficiency of back-end applications using multi-threading techniques; and building data visualization tools for end users, using Tableau and Power BI.

  • DE performing Continuous Integration/Continuous Deployment (CI/CD) – deploying apps in Jenkins pipelines and performing code versioning, using GIT and Stash and BitBucket; performing development release -- implementing unit, use case, and scenario tests for software systems using Python Unittest; ensuring the efficient use of software development processes to manage quantitative financial data warehouse using SQL and Oracle DBMS and Snowflake; and managing application deployed in Linux OS on AWS Cloud Infrastructure.

[Expertise may be gained during graduate degree program.]

#PE1M2

#LI-DNI

Certifications:

Category:

Investment Professionals

Fidelity’s hybrid working model blends the best of both onsite and offsite work experiences. Working onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most hybrid roles require associates to work onsite every other week (all business days, M-F) in a Fidelity office.

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 experiences. For information about working at Fidelity, visit FidelityCareers.com. Fidelity Investments is an equal opportunity employer. Fidelity will reasonably accommodate applicants with disabilities who need adjustments to complete the application or interview process.

If you would like to request an accommodation, please contact us at:

accommodations@fmr.com

Apply

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 Glassdoor Employees’ Choice Award, 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.

Fidelity's working model 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).

We invite you to Find Your Fidelity at fidelitycareers.com.

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 accommodations@fmr.com, or by calling 800-835-5099, prompt 2, option 3.

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.

Benefits
Learning & development
Culture

Benefits that adapt to everything life sends your way

401(k) with company match

Medical, dental, vision and prescription drug coverage

16-week maternity leave & 12-week parental leave

Student loan assistance

Fidelity is invested in you

Committed to Professional Development

At Fidelity, we are constantly adapting to the changing needs of our customers, new technologies, and better ways of working. And we empower our employees to do the same, with an emphasis on developing skills and connections that will help propel you forward in your career while being able to make an impact for Fidelity’s customers around the world.

We offer a wide range of options for professional development including online, in-person, and mentor driven solutions. Special interest and networking groups are also part of our culture of empowerment, personal and professional enrichment, diversity and inclusion, and knowledge sharing.

Continuing Education & Training

  • Assess, build, and align your development plan through resources like our skill-building classroom and online courses.
  • Video-based training for technology, leadership, management & more.
  • Ongoing skills development and coaching opportunities.
  • Paid training with a facilitator who is dedicated to your onboarding and will track and evaluate your progress, giving you strategies to improve.
  • A range of talent development programs to support career mobility.

Mentoring

  • Utilize the skills of experienced leaders to enrich your career.
  • Dedicated mentors to help you grow into new areas of Fidelity’s business as you develop new skills.
  • An open atmosphere of knowledge sharing and collaboration.
  • Opportunities to pay it forward, sharing the knowledge you develop and as you help others define how they want their career to take shape.

Our Commitment to Diversity and Inclusion

"Fidelity believes in, and is committed to, fair and equitable treatment for every associate and customer, and to creating a safe and respectful environment, in which everyone is treated with kindness, compassion and respect." Abby Johnson | Chairman and CEO Fidelity Investments

At Fidelity, we are committed to building an enduring culture of inclusion and belonging that will attract, develop and retain a diverse workforce.

Fidelity’s ten affinity groups are self-organized groups of employees with common interests in areas such as race, ethnicity, gender or sexual orientation, or who share similar interests based on similar sets of experiences.

These Employee Resource Groups and Special Interest Groups are models of inclusion for Fidelity. They’re also a powerful form of engagement and development and can provide a pathway to visible leadership roles. Our affinity groups make a large contribution on the business, helping to ensure our products and services are delivered in a welcoming and equitable environment.

  • Over 22K employees participate in an affinity group.
  • Over 1,400 affinity group members volunteered for Fidelity Cares in 2020.
  • 74% increase in affinity group memberships over the last three years.

Giving Back to Our Communities

Throughout Fidelity, you’ll find a genuine commitment to social responsibility – where we strive to make an impact for customers, while also making an impact on the world.

Fidelity Cares

  • Provides associates with opportunities to actively volunteer and share their talents.
  • Hosts numerous company-wide volunteer events (in-person and virtual).
  • Partners with nonprofit organizations to support our local communities.
  • More than 12,000 associates donate time annually – from interns to SVPs.
  • Impact includes refurbishing schools, donating books and supplies, and teaching financial literacy.

Fidelity Charitable®

  • Created to make it easy for people to support charitable organizations they care about.
  • Helped deliver $7.3 billion in donor-recommended grants to charity in 2019.
  • Supported more than 300,000 unique charities around the world.
  • Since its inception, more than $42 billion has been given to public charities.

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