AM Quantitative Analyst I
Fidelity
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Benefits offered by this job
Job summary
Fidelity Investments in Boston seeks an AM Quantitative Analyst I to conduct research, develop quantitative techniques and tools to support the investment process. You will analyze large datasets using Python, R, MATLAB, SQL and VBA, build robust quantitative tools for portfolio construction, and communicate insights to invest professionals.
The role emphasizes developing systematic strategies, risk assessment, and collaboration with cross-functional teams in a fast-paced, onsite environment.
Qualifications
- Bachelor’s or Master’s degree in Accounting, Economics, Finance, Statistics, Mathematics, Financial Engineering, or a closely related field
- Experience with large structured data sources and quantitative alpha/risk modeling techniques
Responsibilities
- Informs investment decisions by analyzing financial information to forecast business, industry, or economic conditions.
- Monitors, measures, and attributes portfolio risks and returns.
- Prepares plans of action for investment, using financial analyses.
- Interprets data on price, yield, stability, future investment-risk trends, economic influences, and other factors affecting investment programs.
- Builds models on the detection and forecast of market environments, providing insights into asset diversification and portfolio construction in distinct regimes.
- Assists with the design and launch of new investment solutions.
- Meets with consultants and clients to present the team’s investment process and quantitative frameworks.
- Collaborates closely with investment and technology professionals within the division.
- Explains complex quantitative concepts to non-technical personnel.
Skills
Education
Tools
Job description
Investment Management
Location:
- Boston, MA
- Investment Management
Vice President
Position Description
Note: Fidelity will not provide immigration sponsorship for this position.
Conducts research studies and develops quantitative techniques, models and tools to support and enhance the investment process. Defines and communicates financial facts and filters relevance using econometric modeling tools. Enhances the use of quantitative finance within company’s investment process. Offers clear, concise and persuasive investment recommendations. Processes large data sets and analyzes the impact to investment decisions, using Python, R, MATLAB, SQL, and Visual Basic for Applications (VBA). Builds robust quantitative tools to aid all aspects of portfolio construction, using R, MATLAB and relational databases. Develops and evaluates innovative systematic strategies. Improves frameworks for global tactical asset allocation.
Primary Responsibilities:
- Informs investment decisions by analyzing financial information to forecast business, industry, or economic conditions.
- Monitors, measures, and attributes portfolio risks and returns.
- Prepares plans of action for investment, using financial analyses.
- Interprets data on price, yield, stability, future investment-risk trends, economic influences, and other factors affecting investment programs.
- Builds models on the detection and forecast of market environments, providing insights into asset diversification and portfolio construction in distinct regimes.
- Assists with the design and launch of new investment solutions.
- Meets with consultants and clients to present the team’s investment process and quantitative frameworks.
- Collaborates closely with investment and technology professionals within the division.
- Explains complex quantitative concepts to non-technical personnel.
Education and Experience:
Bachelor’s degree in Accounting, Economics, Finance, Statistics, Mathematics, Financial Engineering, or a closely related field (or foreign education equivalent) and three (3) years of experience as an AM Quantitative Analyst I (or closely related field) investigating large structured and novel data sources to generate alpha, using Python, R, MATLAB and SQL in a Linux environment.
Or, alternatively, Master’s degree in Accounting, Economics, Finance, Statistics, Mathematics, Financial Engineering, or a closely related field (or foreign education equivalent) and no experience.
Skills and Knowledge:
Candidate must also possess:
- Demonstrated Expertise (“DE”) designing, creating, analyzing, and validating quantitative equity investment strategies (alpha and risk models), using advanced mathematical, statistical, and machine learning techniques -- multivariate regression, clustering analysis (Connectivity based - hierarchical clustering and Centroid based - K-means algorithm), Bayesian statistics, Time-Series analysis, and non-linear tree-based models.
- DE streamlining data preparation pipeline using relational databases (Oracle and Snowflake) and performing manipulation via SQL, large-scale dataset processing, web scraping, Natural Language Processing (NLP), and parallel computing; and conducting signal research for stock return prediction, using multivariate regression, Structural Vector Autoregressions (SVARs), identification of principal time-series shocks, Graph-based ranking algorithm, and statistical Machine Learning (Machine Learning).
- DE implementing quantitative strategies and portfolio analytics platforms, using R, Python, MATLAB, Object-Oriented Programming (OOP), and GitHub; and designing robust development pipeline, using version control, automated testing, and Continuous Integration and Continuous Delivery (CI/CD).
- DE performing portfolio construction research utilizing modern portfolio theory, mathematical optimization, numerical analysis, and transaction cost optimization, using Gurobi and Axioma; and developing in-depth portfolio analysis framework using Brinson attribution, regression-based return decomposition, Marginal Risk Contribution, regime analysis, and sensitivity analysis.
Salary: $135,000.00 to $175,000.00/year.
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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 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.
Investment Professionals
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.
All fields are required. Candidates should limit the number of roles they apply to at any given time.
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
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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