Job Description:
Manager, Quantitative Risk Analysis
As a Manager with Fidelity's Quantitative Risk Analysis, you will be working in a team-based, fast-paced environment. This role will challenge you to evaluate the various facets of the financial services industry with a concentration in quantitative risk analysis and financial modeling.
Quantitative Risk Analysis (QRA) operates as a cross-functional team supporting various constituents of
Fidelity Legal, Risk & Compliance to drive positive change through firm-wide model validation and consultative projects. On QRA, you will guide independent validation of quantitative models and report findings to management by utilizing analytical expertise to assess market, financial, and operational risks.
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Key areas of focus include quantitative modeling, valuation and pricing, investment products, financial planning compentents, market events, and credit risk.
The Expertise You Have
- 4-7 years of financial services and/or modeling experience, risk management experience is a plus
- MS/BA/BS in Finance, Mathematics, Economics, or related field of study
- CFA, FRM, CAIA or similar industry certification preferred
The Skills You Have
- You prioritize tasks and manage workload across multiple projects and teams
- You thrive on solving complex problems using quantitative and analytical abilities
- You communicate effectively and collaboratively with team members and business partners
- Demonstrated experience in project management and team management
- Strong proficiency with Bloomberg, Excel, and/or statistical software (e.g., R, Python, MATLAB, SQL)
The Value you Deliver
- Managing model validation projects across enterprise-wide business groups, assessing model design, inputs, methodologies, and key assumptions. Designing quantitative and qualitative analyses to tackle complex problems such as portfolio risk profiles, security pricing and valuation, and machine learning forecasting
- Work cross functionally with business units and senior leadership to enhance current model development and expedite remediation practices.
- Mentor associates, helping to oversee and manage time across various projects, prioritize work, and adhere to set deadlines.
- Building deep working relationships with business partners throughout Fidelity
We have openings in in our Boston, MA and Jersey City, NJ locations.
The base salary range for this position is $71,000-$112,000 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.
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.
Fidelity's hybrid working model blends the best of both onsite and offsite work experiences. Working onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most hybrid roles require associates to work onsite every other week (all business days, M-F) in a Fidelity office.
Certifications:
Company Overview
Fidelity Investments is a privately held company with a mission to strengthen the financial well-being of our clients. We help people invest and plan for their future. We assist companies and non-profit organizations in delivering benefits to their employees. And we provide institutions and independent advisors with investment and technology solutions to help invest their own clients' money.
Join Us
At Fidelity, you'll find endless opportunities to build a meaningful career that positively impacts peoples' lives, including yours. You can take advantage of flexible benefits that support you through every stage of your career, empowering you to thrive at work and at home. Honored with a Glassdoor Employees' Choice Award, we have been recognized by our employees as a top 10 Best Place to Work in 2024. And you don't need a finance background to succeed at Fidelity-we offer a range of opportunities for learning so you can build the career you've always imagined.
Fidelity's hybrid working model blends the best of both onsite and offsite work experiences. Working onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most hybrid roles require associates to work onsite all business days of every other week in a Fidelity office.
At Fidelity, we value honesty, integrity, and the safety of our associates and customers within a heavily regulated industry. Certain roles may require candidates to go through a preliminary credit check during the screening process. Candidates who are presented with a Fidelity offer will need to go through a background investigation, detailed in this document, and may be asked to provide additional documentation as requested. This investigation includes but is not limited to a criminal, civil litigations and regulatory review, employment, education, and credit review (role dependent). These investigations will account for 7 years or more of history, depending on the role. Where permitted by federal or state law, Fidelity will also conduct a pre-employment drug screen, which will review for the following substances: Amphetamines, THC (marijuana), cocaine, opiates, phencyclidine.
We invite you to Find Your Fidelity at fidelitycareers.com.
Fidelity Investments is an equal opportunity employer. We believe that the most effective way to attract, develop and retain a diverse workforce is to build an enduring culture of inclusion and belonging.
Fidelity will reasonably accommodate applicants with disabilities who need adjustments to participate in the application or interview process. To initiate a request for an accommodation, contact the HR Accommodation Team by sending an email to accommodations@fmr.com.