Principal Quant Developer at Fidelity Investments

Jersey City, New Jersey, United States

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Not SpecifiedCompensation

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

Full TimeJob Type

UnknownVisa

Investment Management, Finance, Asset ManagementIndustries

Requirements

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

Responsibilities

Partner with investment teams on projects including portfolio construction, risk management, and alpha research
Contribute to building high quality, robust, and efficient analytical solutions that help define risk for alternative investment processes
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 provide an advantage to the organization in the marketplace
Adept at detecting scope changes and escalating issues

Skills

Key technologies and capabilities for this role

PythonSQLLinuxStatisticsEconometricsLinear RegressionTime Series AnalysisFull-Stack DevelopmentPortfolio ConstructionRisk Management

Questions & Answers

Common questions about this position

What education and experience are required for the Principal Quant Developer role?

A Bachelor's degree (or above) in a quantitative or computational field such as Statistics, Computer Science, or Applied Mathematics is required, along with 6+ years of experience in analytical models and working with investment professionals.

What technical skills are needed for this position?

The role requires technical and programming skills including Python, SQL, and Linux, full-stack software development knowledge, and a deep understanding of quantitative techniques, statistics, and econometrics.

What is the team structure for this role?

The Quantitative Development team is part of Asset Management’s Quantitative Research & Investment Technology group and partners with investment teams on projects like portfolio construction, risk management, and alpha research.

What is the company culture like at Fidelity Investments?

Fidelity is a privately held company that values creating a diverse and inclusive workplace, respecting associates for their unique perspectives, and nurturing an environment that attracts top talent.

What makes a strong candidate for this Principal Quant Developer position?

Strong candidates bring domain knowledge in equities, fixed income, or alternative asset classes, the ability to communicate effectively with stakeholders, and experience leading research projects through the full software development lifecycle.

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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