Director, Quant Development - Optimization (Matlab Linear, SciPy, Gurobi, Axioma, Cplex) at Fidelity Investments

Merrimack, New Hampshire, United States

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$126,000 – $255,000Compensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, Asset ManagementIndustries

Requirements

Minimum of 7 years of proven professional experience working in financial services (Asset Management experience preferred)
Prior experience leveraging industry scale optimization libraries (Matlab Linear, Gurobi, Cplex, Axioma, or SciPy)
Experience with Python and micro-services / RESTful APIs
Proven ability to design highly scalable and low latency systems
Experience working on AWS cloud environment and working knowledge of CI/CD & DevOps
Strong experience in system architecture, design patterns and software engineering fundamentals such as OOP, functional programming, data modeling
Advanced understanding of data structures
Demonstrated experience with portfolio construction and/or portfolio optimization is a plus
Proven ability to capture requirements and formulate plans by partnering with various stakeholders
Strong communication, interpersonal and relationship building skills to influence decisions and engage across Fidelity and at all levels of the organization
Bachelor’s degree in a computational field such as Computer Science, Master’s degree is preferred

Responsibilities

Partner with the quant research and investments teams to design, build, enhance, and support a comprehensive portfolio optimization & back testing ecosystem
Hands-on development collaborating with team of software engineers and quantitative developers

Skills

Key technologies and capabilities for this role

Matlab LinearGurobiCplexAxiomaSciPyPythonRESTful APIsAWSCI/CDDevOpsOOPfunctional programmingdata structuressystem architecturemicro-servicesportfolio optimization

Questions & Answers

Common questions about this position

What is the base salary range for this Director, Quant Development position?

The base salary range is $126,000-255,000 USD per year, with placement varying based on job responsibilities, scope, geographic location, candidate’s relevant experience, and other factors.

What benefits are offered for this role?

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.

Is this position remote or does it require office work?

This information is not specified in the job description.

What key skills and experience are required for this role?

Required skills include minimum 7 years in financial services (Asset Management preferred), experience with optimization libraries like Matlab Linear, Gurobi, Cplex, Axioma, or SciPy, Python and micro-services/RESTful APIs, designing scalable low-latency systems, AWS cloud, CI/CD & DevOps, system architecture, OOP, functional programming, data modeling, and data structures. A Bachelor’s in Computer Science or related field is required, with Master’s preferred.

What makes a strong candidate for this Director position?

Strong candidates have 7+ years in financial services with Asset Management experience, hands-on expertise in portfolio optimization libraries and Python, proven scalable system design, AWS/DevOps knowledge, strong stakeholder partnership and communication skills, plus experience in portfolio construction.

Fidelity Investments

Investment management and financial services provider

About Fidelity Investments

Fidelity Investments offers a range of financial services and tools designed to help individuals manage their investments and stay informed about the markets. Their products include mobile applications and market monitoring tools that provide users with real-time market quotes, news, and trading capabilities. For example, the Fidelity Market Monitor for Glass delivers daily market quotes directly to Google Glass, while the Fidelity app for Windows Phone 8 allows users to access news and trading tools on their mobile devices. Additionally, features like the Watch List Visualization for iPad help users track stock price changes over time using a heatmap. What sets Fidelity apart from its competitors is its focus on integrating new technologies and user-friendly interfaces to enhance the investment experience. The goal of Fidelity Investments is to empower individuals with the information and tools they need to make informed financial decisions.

Boston, MassachusettsHeadquarters

1946Year Founded

$120,238.8MTotal Funding

DEBT_FINANCINGCompany Stage

Fintech, Financial ServicesIndustries

10,001+Employees

Benefits

Health Insurance

Mental Health Support

Hybrid Work Options

401(k) Retirement Plan

401(k) Company Match

Unlimited Paid Time Off

Parental Leave

Student Loan Assistance

Tuition Reimbursement

Risks

Loss of key personnel like Gita Bal may impact Fidelity's research capabilities.

Increased competition from Vanguard's new division could draw clients away from Fidelity.

Potential reputational risk from Bitcoin ETF outflows could affect Fidelity's offerings.

Differentiation

Fidelity Labs offers innovative beta products like Market Monitor for Google Glass.

Fidelity's mobile solutions are available on multiple platforms, including Windows Phone and iPad.

Fidelity's Open Limit Order Visualization provides unique insights into order execution proximity.

Upsides

Increased adoption of wearable tech could boost Fidelity's mobile solutions.

Growing interest in Bitcoin ETFs suggests expansion in Fidelity's digital asset offerings.

Rise of AI could benefit Fidelity's data analytics and AI-driven investment strategies.

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