Quantitative Researcher

Job Description:

The Group

Quantitative Research and Investing (QRI) is an investments and research division within Asset Management at Fidelity. We are responsible for the management and development of quantitative and hybrid quant/fundamental investment strategies and solutions while providing high quality quantitative, data-driven support to Fidelity’s investment professionals, ensuring they have access to the most relevant data and advanced quantitative analysis.

The Role

As member of this team, you will be contributing to the build out of a pure alpha research function focused on differentiated strategies leveraging FMR’s fundamental data with quant infrastructure and techniques. This effort will create opportunities for Fidelity to utilize its large volumes of internally generated data and augment them with market and alternative data to develop new and proprietary sources of alpha to drive growth for the firm across our equity and fixed income strategies. You will engage in data exploration, modeling, and research to craft novel sources of alpha and new measures of risk and while strengthening our investment and research capabilities. This individual will be a hands-on contributor and be part of a nimble and high impact team that is developing differentiated strategies.

The Value You Deliver

• Develop quant methodologies that leverage internal fundamental data and external data sources such as market and alternative data

• Contribute innovative ideas and execute on them within our research process

• Work closely with other team members to support ongoing research efforts

• Develop trading strategies from idea generation, testing, all the way to production

• Contribute to our quant research platform effort

• Contribute to the broader training and development of an elite quantitative and data driven research and investment team

Education and Experience

• 10+ years of relevant work experience

• Advanced degree in Statistics, Applied Mathematics, Physics, Computer Science, Engineering, or a closely related field is encouraged (Master’s or foreign education equivalent preferred)

• Experience in developing alpha signals and investing strategies

• Strong background in quantitative investing

• Passion for the market

• Fixed Income, Equity and Multi-asset class experience is a plus.

The Skills You Bring

• Ability to engage in the quantitative research process across its lifecycle from idea generation, development, testing and production

• Outstanding hands-on research skills including data exploration, model development and evaluation, training, validation, and deployment

• Collaborative, creative and team-oriented approach to research, investing and technology.

• Excellent programming skills with Python as well as familiarity with modern database technology.

• Ability to work with large, unstructured datasets and modern cloud-based technologies e.g. Snowflake, S3 etc.

The base salary range for this position is $150,000 - $250,000 per year.  

Placement in the range will vary based on job responsibilities and scope, geographic location, candidate’s relevant experience, and other factors.

Base salary is only part of the total compensation package. Depending on the position and eligibility requirements, the offer package may also include bonus or other variable compensation.   

We offer a wide range of benefits to meet your evolving needs and help you live your best life at work and at home.  These 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 to develop your career.  Note, the application window closes when the position is filled or unposted.

Most roles at Fidelity are Hybrid, requiring associates to work onsite every other week (all business days, M-F) in a Fidelity office. This does not apply to Remote or fully Onsite roles. Some roles may have unique onsite requirements. Please consult with your recruiter for the specific expectations for this position.

Please be advised that Fidelity’s business is governed by the provisions of the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, the Investment Company Act of 1940, ERISA, numerous state laws governing securities, investment and retirement-related