Quantitative Risk Modeler

The second mandate focuses on research to improve Fidelity's factor models and specific risk forecasts. The factor model research will focus on both liquid alternative (e.g. arbitrage, macro, ARP, managed futures) and illiquid alternative (e.g. private credit, infrastructure, real estate, and private equity) asset classes. A second area of research will focus on collaboration with QRI's data science researchers to extract insights from alpha research to improve specific risk forecasts.

In addition to focusing on the development of core functionality and methodological improvements, a key part of the role is communicating with portfolio and risk managers across the firm to ensure the platform can be effectively leveraged as part of the investment decision making process. The successful evolution of the platform will require balancing long term strategic enhancements with tactical enhancements required by the business.

The role sits within the Platform and Analytics Group (PAG) within QRI. PAG works alongside quantitative researchers in QRI, and across Asset Management, to develop and maintain the infrastructure that enables R&D for alpha generation, risk modeling and portfolio construction. QRI is responsible for the management and development of quantitative investment strategies and solutions while providing high quality quantitative, data-driven support to Fidelity's fundamental investment professionals, ensuring they have access to the most relevant data and advanced quantitative analysis.

The Value You Deliver

• Design the specifications and code for core risk capabilities of Fidelity's risk management platform including decompositions of ex-ante risk, stress testing, attribution, and tail risk
• Work with database engineers, software and quantitative developers to deploy new risk analytics into Fidelity's production environment
• Collaborate with investment professionals across Fidelity Asset Management to ensure that risk platform enhancements satisfy end user business requirements
• Deliver complex projects with multiple stakeholders

Education and Experience

• Masters or equivalent experience in Mathematics, Economics, Statistics, Quantitative Finance, or a similarly quantitative field
• 5+ years of experience within risk management, market risk analytics or quantitative research. A demonstrated ability to partner with both quantitative and fundamental investors and technologists.
• Prior work experience in financial modeling (e.g., risk models, analytics) or data science and model deployment to production environment is strongly desired.
• Experience with data handling (ETL, data joining with SQL, cleaning, processing, summarizing, descriptive analysis), and building and back-testing statistical and econometric models

The Skills You Bring

• Programming skills in Python and database languages
• Experience implementing statistical models that apply cross-sectional and time-series econometrics, dimensionality reduction, and optimization techniques
• Demonstrated effective communication with both internal and external stakeholders

The base salary range for this position is $100,000 - $200,000 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.

Most roles at Fidelity are Hybrid, requiring associates to work onsite every other week (all business days, M-F) in a Fidelity office. This does not apply to Remote or fully Onsite roles.

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.

Certifications:

Category:

Investment Professionals

Client-provided location(s): Jersey City, NJ

Job ID: Fidelity-2120561

Employment Type: OTHER

Posted: 2025-11-12T18:46:54