Note: Fidelity will not provide immigration sponsorship for this position.
Position Description:
Designs and develops mainframe applications using Common Business-Oriented Language (COBOL) and implements changes in the production environment. Reads and analyzes code and logs for defect and incident triaging and root cause analysis. Provides business solutions by developing multiple complex software applications that streamline processes, improve system reliability, and support critical business functions. Ensures code reviews, unit testing, and integration testing are completed efficiently and effectively. Uses business knowledge to translate divisional initiatives into technical solutions by developing complex applications and conducting studies of alternatives. Analyzes and recommends changes to project development policies, procedures, standards, and strategies for development experts and management.
Primary Responsibilities:
- Participates in architecture design teams.
- Defines and implements application-level architecture.
- Develops applications on complex projects, components, and subsystems for the division.
- Recommends development testing tools and methodologies and reviews and validates test plans.
- Responsible for QA readiness of software deliverables.
- Develops comprehensive documentation for multiple applications or subsystems.
- Establishes full project life cycle plans for complex projects across multiple platforms.
- Responsible for meeting project goals on-time and on-budget.
- Advises on risk assessment and risk management strategies for projects.
- Plans and coordinates complex project schedules and assignments for multiple projects.
- Acts as a primary liaison for business units to resolve various project/technology issues.
- Provides technology solutions to daily issues and technical evaluation estimates on technology initiatives.
- Advises senior management on technical strategy.
- Mentors junior team members.
- Performs independent and complex technical and functional analysis for multiple projects supporting several divisional initiatives.
- Develops original and creative technical solutions to on-going development efforts.
Education and Experience:
Bachelor’s degree in Computer Science, Engineering, Information Technology, Information Systems, or a closely related field (or foreign education equivalent) and five (5) years of experience as a Principal Software Engineer/Developer (or closely related occupation) designing, developing, and testing robust batch and online applications in a financial services environment aimed at improving quality and robustness.
Or, alternatively, Master’s degree in Computer Science, Engineering, Information Technology, Information Systems, or a closely related field (or foreign education equivalent) and three (3) years of experience as a Principal Software Engineer/Developer (or closely related occupation) designing, developing, and testing robust batch and online applications in a financial services environment aimed at improving quality and robustness.
Skills and Knowledge:
Candidate must also possess:
- Demonstrated Expertise (“DE”) developing batch applications on mainframe systems using COBOL, Job Control Language (JCL), and IBM DB2 or Virtual Storage Access Method (VSAM); and executing unattended jobs that process large volumes of data utilizing IBM utilities Data Facility Sort (DFSORT), Integrated Data Cluster Access Method Services (IDCAMS), and IMB Error Facility Branch to Register 14 (IEFBR14).
- DE developing DB2 databases and VSAM files real-time connectivity to web-based online brokerage transaction processing systems through Customer Information Control System (CICS) Transaction Gateway, using COBOL-CICS programming modules.
- DE developing and maintaining highly reliable, secure, and high-performance enterprise mainframe applications using IBM tools -- ENDEVOR, DFSORT, DB2 Stored Procedures, FILE-AID for DB2, and Multiple Virtual Storage (MVS) -- to ensure robust system reliability, data integrity, and security.
- DE processing batch jobs and large-scale data using JCL, COBOL, DB2, and mainframe tools (Control-M) for scheduling, Time Sharing Option (TSO) for multi-user access, Interactive System Productivity Facility (ISPF) for dataset and job management, and SQL for querying, to ensure efficient, reliable, and secure execution of enterprise workloads.
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Fidelity’s 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.
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.
Skills Required
- Bachelor's degree in Computer Science, Engineering, Information Technology, Information Systems, or a closely related field, or equivalent foreign education
- Five years of experience as a Principal Software Engineer/Developer or in a closely related occupation with a bachelor's degree
- Alternatively, a master's degree in Computer Science, Engineering, Information Technology, Information Systems, or a closely related field, or equivalent foreign education
- Three years of experience as a Principal Software Engineer/Developer or in a closely related occupation with a master's degree
- Experience designing, developing, and testing robust batch and online applications in a financial services environment
- Expertise developing mainframe batch applications using COBOL, JCL, and IBM DB2 or VSAM
- Experience using DFSORT, IDCAMS, and IEFBR14 for unattended large-volume data processing
- Experience developing DB2 databases and VSAM files with CICS Transaction Gateway and COBOL-CICS programming modules
- Experience using ENDEVOR, DFSORT, DB2 Stored Procedures, FILE-AID for DB2, and MVS
- Experience using Control-M, TSO, ISPF, and SQL for mainframe batch processing, scheduling, access, dataset management, and querying
Fidelity Investments Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Fidelity Investments and has not been reviewed or approved by Fidelity Investments.
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Strong & Reliable Incentives — Bonuses, commissions, and profit-sharing are presented as generous and meaningful components of total compensation, with certain roles achieving high total earnings through multiple pay streams. Variable pay is consistently framed as a positive contributor beyond base salary.
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Retirement Support — A 401(k) match up to 7% alongside additional profit-sharing up to 10% materially enhances long-term compensation. These retirement features are highlighted as standout strengths of the overall package.
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Parental & Family Support — Generous paid parental leave (16 weeks maternity, 12 weeks parental), backup dependent care, and adoption assistance provide robust family support. Hybrid work and caregiving resources further ease family responsibilities.
Fidelity Investments Insights
What We Do
At Fidelity, our goal is to make financial expertise broadly accessible and effective in helping people live the lives they want. We do this by focusing on a diverse set of customers: - from 23 million people investing their life savings, to 20,000 businesses managing their employee benefits to 10,000 advisors needing innovative technology to invest their clients’ money. We offer investment management, retirement planning, portfolio guidance, brokerage, and many other financial products. Privately held for nearly 70 years, we’ve always believed by providing investors with access to the information and expertise, we can help them achieve better results. That’s been our approach- innovative yet personal, compassionate yet responsible, grounded by a tireless work ethic—it is the heart of the Fidelity way.
