Job Description:
Note: Fidelity will not provide immigration sponsorship for this position.
The Role
We are seeking an experienced Quantitative Risk Analyst to join our team of quantitative specialists within Fidelity’s Quantitative Research & Investing (QRI) division. In this role, you will be a key contributor in developing and maintaining the risk analytics and platform infrastructure that underpins risk oversight and portfolio construction for our multi-strategy alternative products.
Our liquid alternatives suite spans cross-asset systematic trend, systematic global macro, equity and credit market neutral, arbitrage, and equity option overlay strategies. You will partner directly with multi-strategy portfolio managers and risk managers within the Multi-Asset Systematic Strategies (MASS) team to onboard new investment strategies, design portfolio risk reports, and provide daily validation of the risk analytics in those reports. Additionally, you will collaborate closely with our technology partners to ensure that the analytics framework supporting MASS can scale to meet the evolving demands of the business.
The Expertise and Skills You Bring
Daily Risk Validation & Analytics
- Daily Performance & Risk Monitoring: Validate daily risk analytics across our liquid alternative portfolios, monitoring key metrics such as Greeks, factor exposures, systematic/idiosyncratic risk, performance attribution, stress testing, and Value at Risk (VaR).
- Investigate Risk Exceptions: Lead root-cause analysis when unexpected variances in risk metrics occur, troubleshooting issues related to instrument data quality, security master setups, portfolio holdings, and the analytical representation of thinly traded securities.
Platform Development & Strategy Onboarding
- Onboard New Strategies: Play a crucial role in bringing new liquid alternative strategies onto our risk platform.
- Refine Pricing Logic: Design and implement the business logic and codebase that translates complex instrument terms and conditions into clean inputs for our security pricing engine.
- Optimize Data Pipelines: Collaborate with engineering teams to build and validate robust instrument loaders and data export pipelines.
- Design Scalable Architecture: Contribute to the design of our internal data architecture to ensure secure, high-integrity storage of analytics and the establishment of rigorous data quality controls.
- Enhance Reporting Clarity: Partner with risk managers to design and launch intuitive risk reports and dashboards that improve transparency and deepen our understanding of portfolio risk.
- Industry Experience: 3+ years of experience in the investment industry, ideally within a quantitative investment, risk management, or portfolio analytics function at an asset management firm. Experience with liquid alternatives strategies including global macro, trend following and arbitrage highly desirable.
- Education: Master’s degree in a quantitative discipline (such as Computer Science, Physics, Mathematics, Economics or a related field) is desirable.
- Credentials: CFA or FRM designation is strongly preferred.
Technical & Professional Skills
- Derivative Expertise: Strong foundational understanding of risk analytics for derivatives and multi-asset instruments.
- Quantitative Toolkit: Proven ability to build quantitative risk models and manage large-scale financial data.
- Programming Skills: High proficiency in Python and SQL for data analysis and scripting. The ability to enhance and debug core Python libraries is a distinct advantage.
- Risk Platforms: Direct, hands-on experience with institutional risk systems (e.g., RiskMetrics, Barra) is highly desirable.
- Data Visualization: Experience building stakeholder-facing dashboards using tools like Tableau, Python-Dash, or Python-Streamlit is a plus.
- Communication & Collaboration: Excellent analytical and problem-solving skills, with a strong attention to detail and the ability to explain complex quantitative concepts clearly to business stakeholders.
- Execution Mindset: A proactive, results-oriented professional who can manage multiple high-priority projects in a fast-paced investment environment.
The Team
The role sits within QRI. QRI is responsible for the management and development of quantitative investment strategies and solutions while providing high quality quantitative, data-driven support to Fidelity’s fundamental investment professionals, ensuring they have access to the most relevant data and advanced quantitative analysis.
Fidelity’s 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, 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 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 Fidelity’s 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:
Category:
Data Analytics and InsightsApply
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.