Principal Quant Developer

Fidelity Investments

$107K — $216K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Minimum of 7 years' experience in financial services, preferably in asset management.
  • Experience with industry-scale optimization libraries such as Matlab Linear, Gurobi, or SciPy.
  • Proficient in Python, micro-services, and RESTful APIs.
  • Ability to design scalable, low-latency systems.
  • Familiarity with AWS cloud, continuous integration, and DevOps practices.
  • Strong knowledge of system architecture, software design patterns, and data structures.
  • Bachelor's degree in a computational field; a Master's is preferred.

Responsibilities

  • Collaborate with quant research and investment teams to develop portfolio optimization tools.
  • Enhance and support a comprehensive back-testing ecosystem.
  • Engage in hands-on development with software engineers and quantitative developers.
  • Design systems that are highly scalable and low-latency.
  • Capture enhancement requirements by working with various stakeholders.
  • Develop and implement micro-services architecture to streamline processes.
  • Contribute to software engineering practices, ensuring high-quality output.

Benefits

  • Comprehensive health care coverage and emotional well-being support.
  • Market-leading retirement plans and generous paid time off.
  • Parental leave and charitable giving employee match program.
  • Educational assistance including student loan repayment and tuition reimbursement.
  • Learning resources to support career development.
Full Job Description
Job Description:

Note: Fidelity will not provide immigration sponsorship for this position.

The Role

We are seeking a Principal Quant Developer to join our Quantitative Research and Investments Technology (QRIT) team in Fidelity Asset Management Technology. This role will partner with the quant research and investments teams to design, build, enhance, and support a comprehensive portfolio optimization and back testing ecosystem. This individual will include hands on development collaborating with team of software engineers and quantitative developers.

The Expertise and Skills You Bring
  • Minimum of 7 years of proven professional experience working in financial services (Asset Management experienced preferred)
  • Prior experience leveraging industry scale optimization libraries (Matlab Linear, Gurobi, Cplex, Axioma, Gurobi, or SciPy)
  • Experience with Python and micro-services / RESTful APIs
  • Proven ability to design highly scalable and low latency systems
  • Experience working on AWS cloud environment and working knowledge of CI/CD and DevOps
  • Strong experience in system architecture, design patterns and software engineering fundamentals such as OOP, functional programming, data modeling.
  • Advanced understanding of data structures
  • Demonstrated experience with portfolio construction and/or portfolio optimization is a plus
  • Proven ability to capture requirements and formulate plans by partnering with various stakeholders
  • Strong communication, interpersonal and relationship building skills to influence decisions and engage across Fidelity and at all levels of the organization
  • Bachelor's degree in a computational field such as Computer Science, Master's degree is preferred

Fidelity's Onsite Working Model
Fidelity is transitioning to a full-time onsite working model through a phased rollout across regions and roles. Currently, some roles and locations require 100% onsite presence, while others require less. Onsite expectations are likely to evolve as the rollout continues. This transition does not apply to fully remote roles.

The base salary range for this position is $107,000-216,000 USD 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.

Certifications:

Category:

Information Technology

Similar Jobs

More Jobs at Fidelity Investments

More Finance & Insurance Jobs

Find similar Principal Quant Developer jobs: