AM Quantitative Analyst II

Fidelity; Boston (MA); On-site; USD 165,000 - 200,000; Full time

Job summary

Fidelity’s Investment Management team seeks an AM Quantitative Analyst II in Boston. You will lead cross-regional quantitative models, integrating equity, factor, macro data, and ML methods to build robust alpha signals.

Responsibilities include back-testing, risk modeling, data exploration, and portfolio construction across multi-strategy workflows, with a strong emphasis on producing actionable insights for investment decisions.

Qualifications

• Bachelor’s degree in Accounting, Economics, Finance, Statistics, Mathematics, Financial Engineering, or closely related field; 5 years of AM Quantitative Analyst II experience.
• Master’s degree in Accounting, Economics, Finance, Statistics, Mathematics, Financial Engineering, or closely related field; 3 years of AM Quantitative Analyst II experience.

Responsibilities

• Improves performance of stock selection models through analysis and back-testing.
• Implements quantitatively based equity models and risk models.
• Investigates large structured and alternative data sources to generate alpha.
• Develops signals from options characteristics linking options market to equity market.
• Leads exploratory research into new investment products leveraging alpha and risk models.
• Monitors, measures, and attributes portfolio risks and returns.
• Guides integration of quantitative tools into trading systems for automated signal deployment.
• Evaluates and enhances cross-team research infrastructure.
• Advises on computational frameworks and cloud migration for large-scale processing.
• Participates in research agenda from idea to portfolio simulations and implementation.

Skills

Python

R

MATLAB

SQL

ML

Econometrics

Data Visualization

Portfolio optimization

Gurobi

TensorFlow

Keras

Linux

Education

Bachelor’s degree in related field

Master’s degree in related field

Tools

Gurobi

CPLEX

TensorFlow

Keras

Linux

Job description

Investment Management

AM Quantitative Analyst II

Fidelity is transitioning to a full-time onsite working model in phases by region and role. See job description for more information.

Onsite

Location

• Boston, MA

Team

• Investment Management

Experience Level

Vice President

Job Description:

Note: Fidelity will not provide immigration sponsorship for this position.

Position Description:

Leads development of cross-regional quantitative models, integrating equity, factor, macroeconomic, and alternative data-driven signals into unified research frameworks. Oversees validation and stability testing of next-generation alpha models, including regime-shift analysis, stress scenarios, factor decay studies, and production-grade sensitivity testing. Applies advanced econometrics, data science, and programming skills using Python, R, MATLAB, and SQL to analyze financial data and build visualization dashboards. Designs and implements advanced machine learning (ML) methodologies (ensemble models, nonlinear optimization routines, and Bayesian inference systems) to enhance predictive accuracy and robustness. Analyzes financial or operational performance of companies facing financial difficulties to identify or recommend remedies. Develops portfolio construction engines capable of optimizing across multiple objectives (risk, capacity, turnover, and ESG constraints) while supporting multi-strategy workflows.

Primary Responsibilities:

• Improves performance of stock selection models through idea generation, empirical analysis, and back-testing.
• Implements quantitatively based equity models, transaction cost modeling, risk mitigation as well as evaluates and develops new risk models.
• Investigates large structured and alternative data sources to generate alpha, designs research studies, and simulates portfolios to enhance investment strategies.
• Develops signals based on equity option characteristics that capture the informational spillover from the options market to the equity market.
• Leads exploratory research into new investment products leveraging proprietary alpha and risk models.
• Monitors, measures, and attributes portfolio risks and returns.
• Guides the integration of quantitative tools into trading systems, to enable automated signal deployment, intraday model refresh cycles, and scalable execution optimization processes.
• Evaluates and enhances cross-team research infrastructure.
• Advises on computational frameworks, cloud migration initiatives, and performance tuning for large-scale processing.
• Actively participates in the team’s research agenda from idea generation, research design, back-testing and portfolio simulations, to implementation.
• Collaborates with research, technology, and trading teams to integrate quantitative methods into the investment process and improve infrastructure and tools.
• Advises clients on aspects of capitalization -- amounts, sources, or timing.

Education and Experience:

Bachelor’s degree in Accounting, Economics, Finance, Statistics, Mathematics, Financial Engineering, or a closely related field (or foreign education equivalent) and five (5) years of experience as an AM Quantitative Analyst II (or closely related occupation) 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 and (or foreign education equivalent) and three (3) years of experience as an AM Quantitative Analyst II (or closely related occupation) investigating large structured and novel data sources to generate alpha, using Python, R, MATLAB and SQL in a Linux environment.

Skills and Knowledge:

Candidate must also possess:

• Demonstrated Expertise (“DE”) applying portfolio optimization techniques to construct long-only portfolios with normal and customized dynamic constraints, using Gurobi or Cplex.
• DE constructing and analyzing options-implied volatility surfaces across maturities and strikes -- building alpha signals on the volatility surface and stock options trading flow dynamics.
• DE developing non-linear signal aggregation framework to combine alpha sources, using ML models -- Neural Network via Tensorflow and Keras in Python.
• DE designing and operationalizing systematic investment strategies for new active equity product launches, including defining the investment universe, development of signal weighting framework, and specifying portfolio construction rules, using R and Python.

Salary: $165,000.00 to $200,000.00/year.

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.

Category:

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.

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 [e-mail], 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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