Note: Fidelity will not provide immigration sponsorship for this position.
The Role
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.
Certifications:Category:Investment ProfessionalsSkills Required
- 7+ years of experience in quantitative equity research
- Experience building multifactor quantitative models using linear and nonlinear algorithms, including machine learning or generative AI
- Deep understanding of equity risk models, including model construction, factor and covariance definitions, factor calculations, and interpretation of output statistics
- Expertise with portfolio construction and optimization techniques
- Working knowledge of applying large language models to extract insights from unstructured data
- Proficiency in Python, R, SQL, and statistical software
- Knowledge of financial and economic databases such as Compustat, Worldscope, and IBES
- Experience with financial packages and portfolio optimization tools such as FactSet, Bloomberg, and Barra
- Master's degree in quantitative finance, financial mathematics, business administration, computer science, engineering, or physical sciences
- Independent thinking, strong economic intuition, presentation skills, and communication skills
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.
