Quantitative Equity Research Analyst

Role Summary

Note: Fidelity will not provide immigration sponsorship for this position.

Fidelity Investments is looking for a Quantitative Equity Research Analyst to join the Equity Quantitative team - a part of the Quantitative Research & Investments (QRI) division. In this role, the analyst will partner with fundamental Equity portfolio managers to provide quantitative analytics for alpha generation, risk management, and portfolio construction. The analyst will conduct research on new alpha sources to enhance existing models, deliver actionable advice on fund positioning and risk drivers, and assist with portfolio construction using optimizations and other systematic approaches.

The Value You Deliver

• Building quantitative factors and models through idea generation and empirical analysis to enhance the investment process of fundamental portfolio managers
• Evaluating large structured and alternative datasets to deliver differentiated sources of alpha
• Providing customized and proactive recommendations to portfolio managers by analyzing portfolio risk exposures, investigating portfolio construction and optimization techniques, and conducting performance attribution
• Assisting portfolio managers with new product development, fund pitches, and client communications
• Actively contributing to the team's research agenda and taking responsibility for research projects, as well as publishing and distributing research internally

The Expertise and Skills You Bring

• 7+ years of experience in quantitative equity research
• Relevant experience building multi-factor quantitative models employing both linear and non-linear (e.g., machine learning based or GenAI) algorithms
• Deep understanding of equity risk models, including model construction, factor and covariance definitions, factor calculations, and translating output statistics into meaningful information for fundamental investors
• Proven expertise with portfolio construction and optimization techniques
• Working knowledge of applying large language models to extract insights from unstructured data
• Proficiency with programming languages and statistical software (e.g., Python, R, SQL)
• Deep knowledge of various financial and economic databases, such as Compustat, Worldscope, IBES etc. Experience with financial packages and portfolio optimization tools (e.g., FactSet, Bloomberg, Barra)
• Master's degree in quantitative finance, financial mathematics, business administration, computer science, engineering, or the physical sciences
• Ability to think independently with good economic intuition as well as strong presentation and communication skills

The Group

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

Category

Investment Professionals

About the Company

While every Fidelity location has distinctive regional characteristics, each one embodies the core values that have been instrumental in building our proud past. Putting the customer first, respect, integrity, honesty, innovation and improvement as well as competitiveness are values shared across the organization. These simple but powerful values set us apart from our competition.

Engage with customers, via inbound calls, responding to their inquires which may include providing product and service level guidance, processing transactions to include options, equities, mutual funds and fixed income trades and other specialized monetary requests

Deliver efficient and responsive resolution for various client situations. Own the management of the case, research the issue and communicate the solution to the client

Uncover opportunities and identify products and services that will enhance the client’s financial success and partner with the Financial Consultant to further discuss with the client

Collaborate with internal business partners to research and resolve complex client requests

Conduct pro-active outbound calls to communicate resolution to the client or secure additional information to close out the request

The base salary range for this position is $44,000-80,000 USD per year.

Placement in the range will vary based on job responsibilities and scope, geographic location, candidate’s relevant experience, and other factors.