Quantitative Equity Research Analyst at Fidelity Investments

Boston, Massachusetts, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Finance, Investment ManagementIndustries

Requirements

7+ years of experience in quantitative equity research
Relevant experience building multi-factor quantitative models employing both linear and non-linear (e.g., machine learning based or GenAI) algorithms
Deep understanding of equity risk models, including model construction, factor and covariance definitions, factor calculations, and translating output statistics into meaningful information for fundamental investors
Proven expertise with portfolio construction and optimization techniques
Proficiency with programming languages and statistical software (e.g., Python, R, MATLAB, SQL, Tableau)
Deep knowledge of various financial and economic databases, such as Compustat, Worldscope, IBES etc. Experience with financial packages and portfolio optimization tools (e.g., FactSet, Bloomberg, Barra)
Master’s degree in quantitative finance, financial mathematics, business administration, computer science, engineering, or the physical sciences
Ability to think independently with good economic intuition as well as strong presentation and communication skills

Responsibilities

Partner with fundamental Equity portfolio managers to provide quantitative analytics for alpha generation, risk management, and portfolio construction
Conduct research on new alpha sources to enhance existing models
Deliver actionable advice on fund positioning and risk drivers
Assist with portfolio construction using optimizations and other systematic approaches
Build quantitative factors and models through idea generation and empirical analysis to enhance the investment process of fundamental portfolio managers
Evaluate large structured and alternative datasets to deliver differentiated sources of alpha
Provide customized and timely recommendations to portfolio managers by analyzing portfolio risk exposures, investigating portfolio construction and optimization techniques, and conducting performance attribution
Assist portfolio managers with new product development, fund pitches, and client communications
Actively contribute to the team’s research agenda and take responsibility for research projects, as well as publish and distribute research internally

Skills

Quantitative Equity Research

Multi-Factor Models

Machine Learning

GenAI

Equity Risk Models

Portfolio Construction

Portfolio Optimization

Performance Attribution

Alpha Generation

Risk Management

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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