Fixed Income Quantitative Analyst

Job Description

Note Fidelity will not provide immigration sponsorship for this position.

The Group

QRI is an investments and research division within Asset Management at Fidelity. QRI is responsible for managing and developing quantitative and hybrid quantfundamental investment strategies and solutions while also providing high quality quantitative data-driven research to Fidelitys investment professionals ensuring they have access to the most relevant data and advanced quantitative analysis.

The Role

Fidelity is seeking to hire a Quantitative Analyst to join its Quantitative Research and Investments QRI division. This position will be in Fidelitys office in Merrimack New Hampshire. The analyst will work with members of a 25-person QRI team embedded with Fidelitys Fixed Income division as well as investment professionals across the division to develop quantitative techniques models and tools that support and strengthen trading and investment processes for Fidelitys fixed income mutual funds and client accounts.

This role will focus on Rates and Securitized Markets with primary responsibility for building and improving arbitrage-free interest rate models. The analyst will also build and enhance valuation models for inflation-protected securities interest rate derivatives and will develop relative value strategies for Rates products including options. The analyst will partner closely with Rates Traders and Securitized Traders to build processes and tools that expose model outputs used in daily decision-making including outputs from interest-rate prepayment and valuation models used by the Securitized desk.

This is a rare opportunity to work with high-caliber investment professionals in one of the premier fixed income investment management divisions in the world which manages over 2 trillion in assets. As an ideal candidate you will have demonstrated consistent success in your academic and work experience. You will have very strong analytical and communication skills and exhibit the highest level of personal and professional integrity. You will be able to think creatively work independently and make decisions quickly often with limited information. Your ability to consistently develop clearly articulate and effectively communicate investment recommendations supported by a comprehensive and thoughtful research process is critical to success in investment management at Fidelity.

The Value You Deliver

Build maintain and improve arbitrage-free interest rate modeling infrastructure for Securitized and other investment teams

Develop and enhance valuation models for inflation-linked securities and rate derivatives including Treasury futures non-USD bond futures and swaptions

Design and implement relative value strategies for Rates products using curve-fitting mean-reversion and regression techniques

Partner closely with Rates and Securitized traders to create evaluate and improve pre-trade at-trade and post-trade analytics

Build robust interactive tools and processes that expose outputs from interest-rate prepayment and securitized valuation models to trading teams

Collaborate with investment and technology professionals to put models into production and improve research-to-trading workflows

Explain complex quantitative concepts and model behavior clearly to non-technical stakeholders

Take initiative and demonstrate leadership in advancing the investment process

The Expertise and Skills You Bring

These attributes are indispensable

3 years of industry experience as a quantitative analyst in Fixed Income domain

Strong programming experience in Python preferred or another quantitative modeling language

Deep comfort with applied mathematics statistics and numerical methods

Demonstrated expertise in technical and financial problem solving

Experience with complex SQL programming and data modeling for large-scale market and analytics datasets

Strong interpersonal and verbal communication skills with an eagerness to work in a collaborative team environment

These attributes are strongly preferred

Experience building arbitrage-free term-structure models e.g. one-factortwo-factor short-rate or related frameworks

Experience with securitized products analytics including prepayment modeling concepts

Familiarity with inflation-linked products and cross-market Rates relative value analysis

Advanced degree in a STEM discipline

Interest and passion for investing and global fixed income markets

Familiarity with fixed income trading workflows market microstructure and pricing

Experience working with fixed income trading platforms such as Tradeweb MarketAxess ICE Bloomberg etc.

Fidelitys 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.

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Investment Professionals

Please be advised that Fidelitys 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 andor associating with individuals with certain Criminal Histories.

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Company overview

Company overview

At Fidelity we are passionate about making our financial expertise broadly accessible and effective in helping people live the lives they want. We are a privately held company that places a high degree of value in creating and nurturing a work environment that attracts the best talent and reflects our commitment to our associates. We are proud of our diverse and inclusive workplace where we respect and value our associates for their unique perspectives and experience.

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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 accommodationsfmr.com or by calling 800-835-5099 prompt 2 option 3.

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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.

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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 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.

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