Principal Quant Developer at Fidelity Investments

Boston, Massachusetts, United States

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Not SpecifiedCompensation

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

Full TimeJob Type

UnknownVisa

Finance, Asset Management, Quantitative InvestingIndustries

Requirements

Bachelor’s degree in Computer Science, Financial Engineering, Information Technology, Information Systems, Mathematics, Physics, Statistics, Engineering, or a closely related field and six (6) years of experience as a Senior Quant Developer or similar role
Alternatively, a Master’s degree (or equivalent foreign education) in the same fields, accompanied by four (4) years of experience as a Lead Quantitative Developer or similar role
Experience building high-quality, robust, and efficient systems and solutions for financial investment decisions, utilizing R, Python, PL/SQL databases, and quantitative techniques
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: SQL (Oracle & Snowflake), NoSQL, Graph
Skilled in Batch and API technologies: such as batch scheduling (using Autosys and Airflow) and creating REST APIs (using FAST API and Flask) leveraging AWS resources including Lambda, S3, EKS and EC2
Experience implementing CI/CD and DevOps best practices, performing Continuous Integration (CI) and Continuous Deployment (CD) pipelines (using Linux and Jenkins), code versioning using GitHub
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
Strong presentation and communication skills
Progress towards CFA (or equivalent) a plus

Responsibilities

Contribute to a dynamic and fast-paced development team supporting researchers in prototyping and delivering new systematic investment strategies
Provide high impact solutions on various projects including alpha research, portfolio construction, and risk management
Construct high-quality, scalable, robust, resilient and efficient analytical and software solutions that propel investment processes forward
Analyze and design systems to implement quantitative models for systematic financial investments using R and Python, including developing time series forecasting models, multi-asset class portfolio construction strategies, risk management tools, alpha research, and simulation-based algorithms to build investment strategies
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
Assist Research teams in developing new models and products that will provide an advantage to the organization in the marketplace
Engage with quant researchers and investment professionals

Skills

Python

PL/SQL

Quantitative Finance

Mathematics

Statistics

Object-Oriented Programming

Design Patterns

Unit Testing

Test-Driven Development

Full Stack Development

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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