Job Description:
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 investment professionals, ensuring they have access to the most relevant data and advanced quantitative analysis.
The Role
The Portfolio Engineer will join the Systematic Equity Strategies (SES) group - a part of the QRI division. The SES team is responsible for the research, design, development, and implementation of systematic active and tax-managed equity strategies. Assets under management is approximately $20B and spans multiple equity products and customized separately managed accounts serving both intermediary and institutional investors.
The Portfolio Engineer will be part of the team responsible for designing, building and managing the QRI portfolio management platform, which will deliver asset management's intellectual property and QRI quantitative skill through investment decisions across multiple investment products.
The Value You Deliver
Onboard new portfolios to our investment platform through collaboration with Portfolio Managers and Research, setting optimization configurations and validating results for various quantitative-based ETFs, custom institutional portfolios, and tens of thousands of SMAs.
Work with CIOs, Portfolio Managers, Research, and Portfolio Engineering to setup and monitor portfolio management platform oversight.
Assist the other Portfolio Engineers with the design and development of innovative capabilities within the portfolio management platform to enable scale and flexibility.
Document processes and create procedures to enable high quality investment oversight for leadership.
The Experience and Skills You Bring
We are seeking individuals who have the following characteristics:
5+ years of meaningful experience in an investment role, preferably in Research or Portfolio Management.
Graduate degree in Finance, Engineering, Computer Science, or related field preferred.
Solid understanding of capital markets backed with experience making investment decisions.
Deep understanding of portfolio construction, portfolio theory, quantitative portfolio construction techniques, and statistics.
Experience with portfolio optimization software such as Northfield, Axioma, or Barra.
Excellent attention to detail.
Curiosity to investigate issues, creativity to develop solutions, and follow-through to see solutions to implementation.
Experience with SQL, R, Java or Python, and data visualization.
Familiarity with data science and machine learning techniques a plus.
Proven ability to work effectively in a highly collaborative, team-oriented environment.
Excellent written and interpersonal skills.
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.
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.
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.