Principal Quant Developer Job at Fidelity Investments, Jersey City, NJ

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  • Fidelity Investments
  • Jersey City, NJ

Job Description

Job Description:

Principal Quantitative Developer

The Role

As one of the principal quant developer on the team, you blend investment management and technical expertise with a passion for delivering results. You will be ‘embedded’ within the quantitative research team and you will partner with the investment teams on various projects including portfolio construction, risk management, and alpha research. You will contribute to build high quality, robust, and efficient analytical solutions that will help in defining risk for the alternative investment processes.

The Expertise and Skills You Bring

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

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

  • 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

  • Proven track record in hands-on development of analytical solutions

  • Full-stack software development knowledge.

  • Technical and programming skills including Python, SQL and Linux.

  • Ability to effectively communicate with multiple stakeholders, including fundamental and quantitative researchers, technology partners and senior management

  • Intelligently 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 utilizing a full-stack implementation.

  • Add scale, rigor, and repeatability to research through software development best practices.

  • Assist Research teams in developing new models and products that will provide an advantage to the organization in the marketplace.

  • Adept at detecting scope changes and escalating issues

The Team

Quantitative Development team is part of Asset Management’s Quantitative Research and Investment Technology group that partners with the investment teams in Fidelity Asset Management Solutions on various projects including portfolio construction, risk management, and alpha research. We create high quality, robust, and efficient high-responsive solutions that are used to enhance Fidelity productivity and decision-making processes.

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, 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.

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

Job Tags

Work at office

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