Director, Portfolio Analytics

Fidelity; Boston (MA); On-site; USD 165,000 - 194,000; Full time

Benefits offered by this job

On-site health and wellness centers

Fully paid parental leave

Diversity & inclusion programs

Job summary

Fidelity is seeking a Director of Portfolio Analytics in Boston, MA. The role oversees data management, model integrity, and support for portfolio management and quantitative research platforms.

Leads data quality initiatives and builds scalable data quality frameworks to support enterprise analytics. Responsibilities include developing new reporting capabilities, validating models, and communicating results to senior management.

Qualifications

• Bachelor’s or Master’s degree in a related field with multi-asset analytics experience.
• Experience leading portfolio analytics in a financial services environment.
• Strong data modeling and data quality tooling expertise.

Responsibilities

• Develops data processes and reporting by analyzing large datasets.
• Evaluates new content and conducts proofs-of-concept.
• Extends platforms using data models and quantitative processes.
• Translates analytics into model construction and calculations.
• Presents results to management and end users.
• Leads cross-functional design teams and guides technical strategy.

Skills

Portfolio analytics

Data quality

SQL

Python

Tableau

VBA

R

Snowflake

Education

Bachelor's degree in Computer Science/Engineering/IT

Master’s degree in Computer Science/Engineering/IT

Tools

SQL (Oracle)

Tableau

Snowflake

Microsoft Excel

Python

R

Job description

Director, Portfolio Analytics

Location

• Boston, MA

Experience Level

Director

Job Description

Position Description:

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

Oversees production data management, model integrity, and end-to-end technical support for portfolio management, risk models, and quantitative research platforms, by building quantitative research platforms and tools. Ensures complete data quality coverage, Service Level Agreement (SLA) documentation, and proper team communication. Drives the buildout of new data quality frameworks and tools to streamline teamwork in support of Data Quality (DQ) coverage at scale. Draws on in-depth knowledge of advanced principles, theories, and concepts to create high quality quantitative research solutions for complex projects, applications, and products. Consults with development architects and business on internal service quality control standards, policies, and procedures.

Primary Responsibilities:

• Develops new processes, performs calculations, identifies anomalies, and produces new reporting capabilities by analyzing large data sets.
• Evaluates the value of new content and methods through proofs-of-concept.
• Extends data platforms using existing data models and quantitative research processes.
• Translates analytics into model construction, factor definition, and calculation.
• Develops and incorporates non-traditional and unstructured data and data science applications to enhance research and investment process.
• Performs validations and testing of models to ensure adequacy and reformulate models as necessary.
• Presents mathematical modeling and data analysis results to management and other end users.
• Formulates and applies mathematical modeling and other optimizing methods to develop and interpret information that assists with decision making.
• Collects and analyzes data and develops decision support software, service, or products.
• Develops and supplies optimal time, cost, or logistics networks for program evaluation, review, or implementation.
• Advises senior management on technical strategy.
• Participates in high-level, cross-functional design teams.
• Sets vision, goals, and direction of team/organization.
• Plans and leads organization-wide initiatives.
• Provides leadership, technical supervision, and expertise to multiple teams in broad technical areas on complex organization-wide projects.
• Researches and recommends new technologies.
• Regularly provides guidance, training, and coaching to other team members for performance and career development.
• Identifies and plans for future resource needs.

Education and Experience

Bachelor’s degree in Computer Science, Engineering, Information Technology, Information Systems, or a closely related field (or foreign education equivalent) and six (6) years of experience as a Director, Portfolio Analytics (or closely related occupation) performing multi-asset class analytics in a financial services environment.

Or, alternatively, Master’s degree in Computer Science, Engineering, Information Technology, Information Systems, or a closely related field (or foreign education equivalent) and four (4) years of experience as a Director, Portfolio Analytics (or closely related occupation) performing multi-asset class analytics in a financial services environment.

Skills and Knowledge

Candidate must also possess:

• Demonstrated Expertise (“DE”) performing product management and impact analysis on trading and risk analytics in a complex multi-asset class environment (open and closed architecture fund-of-funds structures); debugging differences between economic and accounting views of holdings and assessing their influence on portfolio construction; monitoring and measuring risk for mutual funds; and writing specification documents, interpreting business requirements, and creating analytical visualization solutions, using Microsoft Office suite, Visual Basic (VBA), Tableau and Oracle SQL.
• DE defining and maintaining operational workflows; creating data quality assurance tools for validating holdings from various vendors (Morningstar, Bloomberg, Index providers and accounting views) and instrument data across multi-asset classes (Equity, Corporate Bonds, Municipal Bonds, Commodities, Derivatives, and Alternative strategies), using Oracle SQL, Snowflake, Python, Microsoft Excel, and Visual Basic (VBA); and cleaning, validating, cross-checking, tracking, and documenting changes, anomalies, and inconsistencies in raw data for investment risk analysis.
• DE analyzing BarraOne Multi-Asset Class (MAC) risk factor model construction, factor definitions, and calculations; translating equity, fixed income, alternatives risk and stress analytics into meaningful insights used for portfolio maintenance; integrating BarraOne risk models into existing infrastructure, and expanding and enhancing analytic platforms and tools, using Microsoft Excel, Snowflake, Tableau, Oracle SQL, Python, and R; and performing investment risk analysis (portfolio performance and risk reporting), using BarraOne Multi-Factor Model (MAC) risk and performance attribution.
• DE measuring incremental effects of portfolio construction methodologies; performing fund holdings and returns analysis, using statistical methods and analytical tools – Analysis of Variance (ANOVA) and Analysis of Covariance (ANCOVA); writing risk model methodologies and specification documents, interpreting business requirements, and creating model performance monitoring reports in Confluence and Microsoft Office Suite; integrating portfolio management workflows into vendor tools (Factset and MSCI BarraOne), using Microsoft Office Suite, Tableau, Oracle SQL, Snowflake, Python, and R; and researching and testing methods to improve existing models, using regression techniques, time series analysis, and interest rate models and Monte Carlo simulations.

Salary: $165,000.00 to $194,000.00/Year.

#PE1M2

#LI-DNI

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.

Certifications:

Category:

Data Analytics and Insights

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.

Apply

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

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.

AI Guidelines

Learn about our guidelines for use of AI when applying for a Fidelity job