Quantitative Equity Research Analyst

Job Description:

Position Description

Investigates large structured and novel data sources to generate alpha using: Python, R, MATLAB, SQL, VBA and Tableau. Integrates quant research, technology and trading using FactSet, Bloomberg, Axioma, Barra. Develops core analytical capabilities or model libraries, performing advanced statistical, quantitative, or econometric techniques using IBM SPSS Statistics, StataCorp Stata and SAS. Researches or develops analytical tools to address issues such as portfolio construction or optimization, performance measurement, attribution, profit and loss measurement, or pricing models using Oracle Java and Perl.

Primary Responsibilities:

• Develops and maintains quantitative stock selection models globally.
• Participates in the team s research agenda and takes responsibility for the full life cycle of each project from idea generation, research design, back-testing and portfolio simulations, to implementation.
• Enhances the investment process by investigating techniques to improve portfolio construction and optimization.
• Implements quantitatively based equity models, transaction cost modeling, and risk mitigation.
• Evaluates and develops new risk models.
• Drives improvements to quant infrastructure and technology platform.
• Collaborates in the development or testing of new analytical software to ensure compliance with user requirements, specifications, or scope.
• Prepares requirements documentation for use by software developers.

Education and Experience

Bachelor s degree (or foreign education equivalent) in Engineering, Physics, Accounting, Economics, Finance, Statistics, Mathematics, or a closely related field and five (5) years of experience as a Quantitative Equity Research Analyst (or a closely related field) investigating large structured and novel data sources to generate alpha using Python, R, MATLAB or SQL in a Linux environment.

Or, alternatively, Master s degree (or foreign education equivalent) in Engineering, Physics, Accounting, Economics, Finance, Statistics, Mathematics, or a closely related field and three (3) years of experience as a Quantitative Equity Research Analyst (or a closely related field) investigating large structured and novel data sources to generate alpha using Python, R, MATLAB or SQL in a Linux environment.

Or, alternatively, PhD (or foreign equivalent) in Quantitative and Computational Finance, Physics, Financial Mathematics, Computer Science, Mathematics, Accounting, Engineering, Statistics, or a closely related field and no experience.

Skills and Knowledge

Candidate must also possess:

• Demonstrated Expertise (\u201CDE\u201D) designing, creating, analyzing, and validating quantitative equity investment strategies (alpha and risk models), using macro and micro economic reasoning, econometrics analysis, advanced mathematical, statistical and machine learning techniques using TensorFlow or PyTorch.
• DE conducting and streamlining quantitative research processes on signals and factors which predict future stock returns, using data science techniques, big data extraction, transformation and load (ETL), and web scraping using HTCondor or Slurm.
• DE developing medium to high frequency equity and FX market-predictive signals with shorter investment horizons; and processing high frequency market data using tick level time series analytic platforms -- OneTick.
• DE utilizing economics, linear algebra, numerical analysis, and other mathematical optimization techniques to improve existing portfolio construction methodology, incorporating multi-period optimization techniques combining fast and slow predictive signals with different investment horizons, and setting up and solving portfolio optimization problems using Mosek or Gurobi.

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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

, 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\u2014we offer a range of opportunities for learning so you can build the career you ve always imagined.

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 all business days of every other week in a Fidelity office.

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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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