Quantitative Analyst - 2068525

Company: Fidelity Investments
Location: Merrimack, NH
Posted on: January 4, 2023

Job Description:

Position Description:

Builds robust quantitative tools to aid all aspects of portfolio analysis, construction, and evaluation. Designs, develops, and tests rules-based fixed income portfolios which match predefined characteristics. Develops and enhances algorithms for portfolio construction and order generation using complex optimization routines such as large scale linear and mixed integer programs. Performs quantitative analysis and programming using Python, Excel, R, and SQL. Maintains and improves infrastructure related to the investment process. Collaborates closely with other investment and technology professionals within the division. Measures, attributes, and monitors portfolio risks and returns and conducts quantitative analyses of information affecting investment programs of public or private institutions.

Primary Responsibilities:

Develops and enhances optimization models for systematic construction and management of fixed income portfolios.

Performs research on domestic and international debt issuers, using macroeconomic and quantitative analysis methods to support investment decisions aimed at maximizing risk-adjusted total return for clients.

Develops quantitative techniques, models, and tools to support and enhance the investment process used to manage client accounts for investment teams.

Maintains and improves infrastructure related to the investment process.

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

Collaborates closely with other investment and technology professionals within the division.

Monitors, measures, and attributes portfolio risks and returns.

Refines tools for alpha generation ideas.

Responds in real time to Portfolio Manager, Trader, and Senior Management requests for ad-hoc analyses, tool updating, idea evaluation, and risk metrics.

Explains complex quantitative concepts to nontechnical personnel.

Prepares plans of action for investment using financial analyses.

Interprets data on price, yield, stability, future investment-risk trends, economic influences, and other factors affecting investment programs.

Education and Experience:

Masters degree (or foreign education equivalent) in Engineering, Accounting, Economics, Finance, Statistics, Mathematics, or a closely related field and three (3) years of experience in the job offered or three (3) years of experience building mathematical models and algorithms to solve Operations Research problems in logistics, economics, or finance applications.

Or, alternatively, PhD (or foreign equivalent) in Engineering, Accounting, Economics, Finance, Statistics, Mathematics, or a closely related field and no experience.

Skills and Knowledge:

Candidate must also possess:

Demonstrated Expertise (DE) performing data and statistical analysis using Excel, Python, or R; and performing data extraction to build analytical models for optimization, using SQL queries against relational databases.

DE building combinatorial optimization and knapsack models using linear programming, mixed integer programming, stochastic optimization, and nonlinear programming concepts.

DE writing programs and routines for algorithm and heuristics design (genetic algorithm, simulated annealing, ant-colony optimization, neighborhood search, Lagrangian relaxation, and column generation), in Python, MATLAB, or VBA.

DE implementing large-scale optimization models on commercial solvers (Gurobi or CPLEX), using vector algebra and matrix manipulation techniques.

[Expertise may be gained during doctoral program].

For full job details and to apply, please visit http://jobs.fidelity.com and search for job number: 2068525.

Keywords: Fidelity Investments, Manchester , Quantitative Analyst - 2068525, Finance , Merrimack, NH, New Hampshire