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Senior Quantitative Developer

AT Fidelity Investments
Fidelity Investments

Senior Quantitative Developer

Jersey City, NJ

Job Description:

Position Description:

Develops software applications and full-stack solutions using tools such as R, Java, SQL, and Linux. Writes functional Python or SQL. Applies sophisticated analytics and quantitative concepts to support investment needs and develop new solutions within Fidelity's Quantitative Development Team. Performs analytics and building quantitative process frameworks to support investment needs and develop new solutions. Executes probability, linear regression, and time series data analysis. Designs and develops new quantitative models and products for equities, fixed income, and alternative asset classes. Ensures repeatability on projects through software development standard methodologies. Collaborates with multiple partners, including fundamental and quantitative researchers, technology partners and senior management.

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Primary Responsibilities:

  • Develops original and creative technical solutions to support on-going development efforts.


  • Designs applications or subsystems on major projects involving multiple platforms and supporting a range of divisional initiatives.


  • Supports and performs all phases of testing leading to implementation.


  • Establishes project plans for projects of moderate scope.


  • Performs independent and complex technical and functional analysis for multiple simultaneous projects.


  • Analyzes information to determine, recommend, and plans computer software specifications on major projects and proposes modifications and improvements based on user need.


  • Develops software system testing and validation procedures, programming, and documentation.


  • Learns all the software's and platforms used by the quantitative development team, understands and then contributes codes up to the enterprise standard to the firm's technology ecosystem.


  • Coordinates with advanced analytics and central risk pod to set project plans and share knowledge/codes.


  • Communicates often with manager, team and other stakeholders on progress, bottlenecks and deliverables.

Education and Experience:

Bachelor's degree (or foreign education equivalent) in Quantitative and Computational Finance, Financial Mathematics, Computer Science, Mathematics, Engineering, Statistics, or a closely related field and three (3) years of experience as a Senior Quantitative Developer (or closely related occupation) developing software solutions (risk management, portfolio construction, performance analysis, or alpha research) using Python, Python data libraries, or Relevel concepts in a financial services environment.

Or, alternatively, Master's degree (or foreign education equivalent) in Quantitative and Computational Finance, Financial Mathematics, Computer Science, Mathematics, Engineering, Statistics, or a closely related field and one (1) year of experience as a Senior Quantitative Developer (or closely related occupation) developing software solutions (risk management, portfolio construction, performance analysis, or alpha research) using Python, Python data libraries, or Relevel concepts in a financial services environment.

Skills and Knowledge:

Candidate must also possess:

  • Demonstrated Expertise ("DE") supporting portfolio managers, trading desks, performance and risk analysts by developing quantitative software using Python, Pandas, NumPy, Git, or SQL.


  • DE utilizing data from financial data vendors (Bloomberg, Axioma, FactSet, and Barra) in financial calculations, and accessing database tables using SQL queries.


  • DE applying financial concepts (risk attribution, risk decomposition, or risk aggregation) when developing applications, subsystems, services, or scripts to support and enhance portfolio risk analytics.


  • DE utilizing quantitative concepts applicable to several distinct financial instruments (bonds, stocks, swaps, or options) in supporting quantitative software.

Salary: $152,000.00 - $162,000.00 /year.

#PE1M2

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. Having the majority of our associates work onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most roles listed as Hybrid will require associates to work onsite all business days of every other week in a Fidelity office. This does not apply to roles listed as Remote or Onsite.

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.

Client-provided location(s): Jersey City, NJ, USA
Job ID: Fidelity-2103265
Employment Type: Other

Perks and Benefits

  • Health and Wellness

    • Health Insurance
    • Dental Insurance
    • Vision Insurance
    • Life Insurance
    • Short-Term Disability
    • Long-Term Disability
    • FSA
    • HSA
    • HSA With Employer Contribution
    • Fitness Subsidies
    • On-Site Gym
    • Pet Insurance
    • Mental Health Benefits
    • Virtual Fitness Classes
  • Parental Benefits

    • Birth Parent or Maternity Leave
    • Non-Birth Parent or Paternity Leave
    • Fertility Benefits
    • Adoption Assistance Program
    • Family Support Resources
    • Adoption Leave
  • Work Flexibility

    • Flexible Work Hours
    • Remote Work Opportunities
    • Hybrid Work Opportunities
  • Office Life and Perks

    • Commuter Benefits Program
    • Casual Dress
    • Snacks
    • Company Outings
    • On-Site Cafeteria
    • Holiday Events
  • Vacation and Time Off

    • Paid Vacation
    • Paid Holidays
    • Personal/Sick Days
    • Leave of Absence
  • Financial and Retirement

    • 401(K)
    • 401(K) With Company Matching
    • Company Equity
    • Performance Bonus
    • Relocation Assistance
    • Financial Counseling
    • Profit Sharing
  • Professional Development

    • Tuition Reimbursement
    • Promote From Within
    • Mentor Program
    • Shadowing Opportunities
    • Access to Online Courses
    • Lunch and Learns
    • Internship Program
    • Work Visa Sponsorship
    • Leadership Training Program
    • Associate or Rotational Training Program

Company Videos

Hear directly from employees about what it is like to work at Fidelity Investments.