Job Description
Principal Quant Developer
The Quantitative Research & Investing Technology (QRIT) team within Fidelitys 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 investment strategies. You will provide high-impact solutions on various projects, including alpha research portfolio construction and risk management. Your technology knowledge covers a broad spectrum of technologies, including R, Python, and PL/SQL databases, positioning you as a full-stack software engineer who capitalizes on enterprise technology. You are committed to constructing high-quality, scalable, robust, resilient, and efficient analytical and software solutions that propel investment processes forward.
The Expertise and Skills You Bring
A Bachelors degree in Computer Science, Financial Engineering, Information Technology, Information Systems, Mathematics, Physics, Statistics, Engineering, or a closely related field, and six years of experience as a Senior Quant Developer or similar role. Alternatively, a Masters degree or equivalent foreign education in the same fields accompanied by four years of experience as a Lead Quantitative Development or similar role.
This experience should include building high-quality, robust, and efficient systems and solutions for financial investment decisions utilizing R, Python, PL/SQL databases, and quantitative techniques.
Expertise:
• Expert in Python with experience across the development stack, full stack • Demonstrated knowledge of mathematics, statistics, and quantitative finance • 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, including SQL, Oracle, and Snowflake, NoSQL, Graph • Skilled in Batch and API technologies, such as batch scheduling using Autosys and Airflow, and create REST APIs using FAST API and Flask, leveraging AWS resources, including Lambda, S3, EKS, and EC2 • Experience implementing Continuous Integration (CI) and Continuous Deployment (CD) pipelines using Linux and Jenkins, code versioning using GitHub • Analyze and design systems to implement quantitative models for systematic financial investments using R and Python • This includes developing time series forecasting models, multi-asset class portfolio construction strategies, risk management tools, alpha research, and simulation-based algorithms to build investment strategies
A creative problem solver and a curiosity fueled by keeping up with advanced methodologies and industry trends, especially in the finance community Domain knowledge in either equities, fixed income, or alternative asset classes Deep understanding of quantitative techniques and methods, statistics, and econometrics - including probability, linear regression, and time series data analysis Thoughtfully apply advanced analytics and quantitative concepts to support investment needs and develop new solutions
Lead the implementation of a research project through the entire software development lifecycle using a full-stack implementation Strong presentation and communication skills with a knack for engaging with quant researchers and investment professionals Assist Research teams in developing new models and products that will provide an advantage to the organization in the marketplace Progress towards CFA or equivalent a plus
The Team
The Quant Development team is part of Asset Managements Quantitative Research & Investing Technology group. We partner with Asset Managements Advance Strategies and Research team on cutting-edge projects, including systematic investment strategies, portfolio construction, risk management, alpha research, and GenAI. We build high-quality, robust, and highly scalable solutions that are used to improve Asset Managements efficiency and decision-making processes.
Base Salary Range
The base salary range for this position is $107,000 - $216,000 USD per year. Placement in the range will vary based on job responsibilities and scope, geographic location, candidates 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 Fidelitys 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. Those laws and regulations may restrict Fidelity from hiring and/or associating with individuals with certain criminal histories.
Most roles at Fidelity are Hybrid, requiring associates to work onsite every other week, all business days M-F in a Fidelity office. This does not apply to Remote or fully Onsite roles. Please consult with your recruiter for the specific expectations for this position.
Certifications
Category: Information Technology
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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.
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.
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.
Hybrid Work Schedule
Fidelitys 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 all business days of every other week in a Fidelity office.
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 litigation, 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.