Quantitative Analyst, High Income

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 fundamental investment professionals, ensuring they have access to the most relevant data and advanced quantitative analysis.

The Role
Fidelity is seeking to hire a High Income Quantitative Analyst to join its Quantitative Research and Investments division. This position will be located in Fidelity’s office in Boston, MA. The analyst will develop quantitative techniques, models, and tools to support and strengthen the investment process used to manage Fidelity’s client accounts. A secondary objective is to support portfolio managers and traders in the introduction of new products and strategies focusing on non-investment-grade securitized assets.

This is a rare opportunity to work with high caliber investment professionals in one of the premier fixed income investment management divisions in the world. As an ideal candidate, you will have demonstrated consistent success in your academic and work experience. You will have very strong analytical and communication skills and exhibit the highest level of personal and professional integrity. You will be able to think creatively, work independently, and make decisions quickly, often with limited information. Your ability to consistently develop, clearly articulate, and effectively communicate investment recommendations supported by a comprehensive and thoughtful research process is critical to success in investment management at Fidelity.

This specific position is for a quantitative analyst who will focus on the modeling and analysis of various types of securitized products including CLOs, ABS, CMBS, non-agency RMBS. Knowledge of Intex, Trepp, or other securitized data and analytics providers is a plus. We are looking for a quant with a deep understanding of these asset classes and their markets, and who is a strategic thinker about markets in general with proven quantitative modeling skills. This role is highly collaborative and, thus, the ability to work with many stakeholders (portfolio managers, traders, senior leaders and other quantitative researchers) is critical.

The Value You Deliver

• Understand, maintain, and improve infrastructure related to the investment process.  

• Develop and enhance tools and reports related to security valuation and relative value.

• Build robust quantitative tools to aid all aspects of portfolio analysis and construction.

• Monitor, measure, and attribute risks and returns.

• Collaborate closely with other investment and technology professionals within the division.

• Explain complex quantitative concepts to non-technical people.

• Take initiative and demonstrate leadership skills to advance the investment process.

The Expertise and Skills You Bring
These attributes are indispensable:

• 5+ years of industry experience as a fixed income quantitative analyst

• Very strong interpersonal skills and an eagerness to work in a team environment

• Very strong technical and financial modeling skills

• Strong working knowledge of Python, SQL

• Deep understanding of financial theory and financial markets 

These attributes are preferred:

• Advanced degree in a discipline of finance, science, engineering, or mathematics (PhD preferred)

• Experience with securitized cashflow modeling and analytics, security selection, asset allocation, and risk modeling

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.

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.