Principal Quant Developer

Principal Quant Developer

The Role

The Quantitative Research & Investing Technology (QRIT) team within Fidelity’s Asset Management Technology group is seeking a highly motivated and curious Principal Quantitative Developer. In this role you will contribute to a dynamic and fast-paced development team supporting researchers in prototyping and delivering new systematic investment strategies. You will provide high impact solutions on various projects including alpha research, portfolio construction, and risk management.  Your technology knowledge covers a broad spectrum of technologies, including R, Python, and PL/SQL databases, positioning you as a full-stack software engineer who capitalizes on enterprise technology. You are committed to constructing high-quality, scalable, robust, resilient and efficient analytical and software solutions that propel investment processes forward.

The Expertise and Skills You Bring

• A 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 Development or similar role.

• This experience should include 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 create REST APIs (using FAST API and Flask) leveraging AWS resources including Lambda, S3, EKS and EC2.

• Experience implementing CI/CD and DevOps best practices. Perform Continuous Integration (CI) and Continuous Deployment (CD) pipelines (using Linux and Jenkins), code versioning using GitHub.

• Analyze and design systems to implement quantitative models for systematic financial investments using R and Python. This includes developing time series forecasting models, multi-asset class portfolio construction strategies, risk management tools, alpha research, and simulation-based algorithms to build investment strategies.

• A creative problem solver and a curiosity fueled by keeping up with advanced methodologies and industry trends, especially in the finance community

• 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

• 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.

• Strong presentation and communication skills, with a knack for engaging with quant researchers and investment professionals

• Assist Research teams in developing new models and products that will provide an advantage to the organization in the marketplace.

• Progress towards CFA (or equivalent) a plus

The Team

The Quant Development team is part of Asset Management’s Quantitative Research & Investment Technology group. We partner with Asset Management’s Advance Strategies and Research team on cutting edge projects including systematic investment strategies, portfolio construction, risk management, alpha research, and GenAI. We build high quality, robust, and highly-scalable solutions that are used to improve Asset Management’s efficiency and decision-making processes.

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.

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 financial activities and the rules and regulations of numerous self-regulatory organizations, including FINRA, among others. Those laws and regulations may restrict Fidelity from hiring and/or associating with individuals with certain Criminal Histories.

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. Please consult with your recruiter for the specific expectations for this position.