Senior Quantitative Risk Analyst
Job Description:
The Team
We are seeking an experienced quantitative risk analyst to join a team of quantitative specialists responsible for developing and maintaining the set of risk analytics and risk platform underpinning risk oversight and portfolio construction of multi-strategy alternative products within Fidelity’s Quantitative Research & Investing (QRI) division. The multi-strategy product suite covers cross-asset systematic trend, systematic global macro, equity and credit market neutral, arbitrage, and equity option overlay strategies.
You will partner closely with the multi-strategy portfolio and risk managers in Multi-Asset Systematic Strategies (MASS) team within QRI to onboard new strategies onto the risk platform, develop tools and dashboards to meet their functional risk management and workflow needs, and provide daily risk validation across each strategy. You will also work closely with the partner technology team to help design the risk platform to ensure it scales to meet the business’s expectations.
The Role
Responsibilities:
- Daily Risk Validation:
- Analyze and model the risk characteristics of derivatives products including forwards, futures, swaps, and options across asset classes
- Perform daily validation of risk analytics across the liquid alternatives set of portfolios.
- Monitor key risk metrics, including greeks, factor exposures, systematic and idiosyncratic risk, performance attribution, stress testing and Value at Risk (VaR).
- Conduct root cause analysis on any discrepancies in portfolio and security risk analytics, investigating potential issues related to instrument data quality, security master setup, holdings, and modeling of thinly traded securities.
- Platform Development and Onboarding:
- Play a key role in onboarding new liquid alternative strategies onto the risk platform.
- Design and implement the business logic and codebase that fills instrument templates with complete terms and conditions needed for the security pricing engine.
- Collaborate with technology teams to create and validate instrument loaders and data export pipelines.
- Contribute to the design of the internal data architecture for storing analytics and establishing robust data quality processes.
- Work with risk managers to develop new risk reports and analytics that enhance transparency and understanding of strategy risks.
Qualifications:
- Experience: 5+ years investment industry experience, preferably in a quantitative investment role or portfolio analytics function within an investment management company.
- Education: Master's degree in a quantitative field such as Financial Engineering, Computational Finance, Financial Mathematics, Statistics, or a related discipline is required.
- Certifications: CFA or FRM is strongly desired.
Skills and Experience:
- Strong understanding of risk analytics of derivatives products across multiple asset types including commodities, FX, equities, credit, and rates.
- Proven experience in a quantitative risk management or analytics role within the financial industry, leveraging statistical modeling, programming and large-scale data management.
- Proficiency in SQL and Python for data analysis and scripting. Ability to re-write and debug fundamental python libraries is a strong plus.
- Hands-on experience with risk systems such as RiskMetrics and Barra is highly desirable.
- Experience with data visualization tools like Tableau, python-dash, or python-Streamlit is a plus.
- Excellent analytical and problem-solving skills with a high level of attention to detail.
- Strong written and verbal communication skills, with the ability to explain complex quantitative concepts to a non-technical audience.
- A proactive and results-oriented mindset with the ability to manage multiple tasks and projects effectively in a fast-paced environment.
- Knowledge of bond and equity markets, alternatives, pricing and performance attribution data.
Note: Fidelity is not providing immigration sponsorship for this position
The base salary range for this position is $107,000-216,000 USD 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.
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.
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.