Principal Quant Developer

Job Description:

Principal Quant Developer

The Role

The Systematic Liquid Alternatives Quant Development team within Fidelity’s Asset Management Technology group is seeking a highly motivated and curious Principal Quantitative Developer. In this role you will contribute to a dynamic and fast-paced development team supporting researchers in prototyping and delivering new systematic strategies in Alternatives. You will be ‘embedded’ within the quantitative research team and provide high impact and robust technology solutions on various projects enabling research, portfolio construction, and risk management.

This position will be based in Boston, MA or Jersey City, NJ

The Expertise and Skills You Bring

• Expert in Python with experience across the development stack (full stack)

• Demonstrated knowledge of mathematics, statistics, and quantitative finance

• Domain knowledge in either equities, fixed income or alternative asset classes

• Knowledge of portfolio risk analytics

• Exposure to object-oriented programming (OOP) and design patterns

• Experience in at least one unit testing framework and understanding of test-driven development (TDD) concepts and methodologies

• Skilled in a range of database technologies:  SQL (Oracle & Snowflake preferred)

• Experience implementing CI/CD and DevOps best practices

• Ability to lead the implementation of a research project through the entire software development lifecycle using a full-stack implementation.

• A creative problem solver and a curiosity fueled by keeping up with advanced methodologies and industry trends, especially in the quant finance community

• Strong presentation and communication skills, with a knack for engaging with quant researchers, investment professionals, and senior management

• Bachelor's degree (or above) in a quantitative or computational field such as Statistics, Computer Science or Applied Mathematics

• 6 years of experience in implementation of analytical models and working with investment professionals

• Progress towards CFA (or equivalent) a plus

The Team

The Quant Development team is part of Asset Management’s Quantitative Research & Investment Technology group. We partner with Asset Management’s Systematic Liquid Alternatives team on cutting edge projects including systematic investment strategies, portfolio construction, risk management, and alpha research. We build high quality, robust, and highly-scalable solutions that are used to improve Asset Management’s efficiency and decision-making processes.

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.

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.

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 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 hybrid working model blends the best of both onsite and offsite work experiences. Having the majority of our associates work onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most roles listed as Hybrid will require associates to work onsite all business days of every other week in a Fidelity office. This does not apply to roles listed as Remote or Onsite.

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, detailed in this document, 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 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.