Quantitative Equity Research Analyst at Fidelity Investments

Boston, Massachusetts, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Asset Management, Finance, Investment ManagementIndustries

Requirements

5+ years of experience in quantitative equity especially with tax loss harvesting research, direct indexing, preferably in asset management, investment consulting or academic research institutions
An advanced degree, Ph.D. (preferred) or Masters in finance, quantitative economics, statistics, computer science, math, or the physical sciences
Deep understanding of econometrics, mathematics, and hands-on programming skills along with a passion for investing in the financial markets
Relevant experience with multi-factor models, quant equity portfolio construction, TCA, market impact modeling and strong equity microstructure knowledge preferred
Strong Data Science, Data Visualization skills. Proficiency with programming languages and statistical software (e.g., Python, R, MATLAB, SQL, VBA, Tableau)
Deep knowledge of various financial and economic databases like Compustat, Worldscope, IBES etc. Experience with financial packages, portfolio optimization and management tools (e.g., FactSet, Bloomberg, Axioma, Barra)
Ability to think independently with good economic intuition as well as strong presentation and communication skills

Responsibilities

Research and development for the Custom SMA (CSMA) tax managed equity strategies
Working as a member of the investment team to research and refine CSMA strategies
Contribute to the development of processes and systems used in CSMA strategies
Develop back-testing capabilities and framework and construct optimized equity index portfolios and review results
Perform after-tax performance analysis, attribution, and monitoring of the strategies managed by the group
Contribute to the development and testing of new portfolio management processes and systems to improve tax efficiency and reduce risk
Develop new custom SMA strategies, portfolio constraint customization and effective tax management
Investigate and provide analysis on optimal ways to combine different active as well as factor strategies and determining the appropriate indices used in Custom Blend strategies
Explore methodologies for integrating alpha factors with Tax Loss Harvesting (TLH) as well as developing short extension strategies to enhanced TLH capabilities
Provide analysis and content with the aim to co-author thought leadership articles in the areas of CSMA
Actively participating in the team’s research agenda from idea generation, research design, back-testing and portfolio simulations, to implementation
Working in a collaborative team environment that integrates quant research, technology, portfolio engineering, trading and drive improvements to quant infrastructure and technology platform

Skills

Quantitative Research

Equity Strategies

Back-testing

Portfolio Optimization

Performance Attribution

Tax Management

Systematic Investing

Factor Strategies

Portfolio Management

Data Analysis

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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