Senior Quantitative Developer

Posted Yesterday
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Westlake, TX
Mid level
Fintech
The Role
The Senior Quantitative Developer is responsible for enhancing portfolio management through programming and statistical analysis. Duties include developing analytical solutions, supporting investment teams, and monitoring trends using quantitative techniques. The role requires collaboration with analysts to enhance performance and risk measurement applications.
Summary Generated by Built In

Job Description:

Position Description: 

 

Improves portfolio management by using programming tools -- Fame, Perl, Python, Unix/Linux to gather, process, and analyze data. Applies mathematical and statistical skills and programming languages to craft and develop solutions and products. Utilizes programming languages including R, Java, SQL and Linux, as well as full-stack development knowledge to support the hands-on development of analytical solutions. Designs applications and subsystems on major projects and for/in multiple platforms utilizing Python, C, C++, C#, and Java. Investigates large structured as well as novel data sources to generate alpha using MATLAB and R. Develops core analytical capabilities or model libraries, performing advanced statistical, quantitative, or econometric techniques using SAS. 

 

Primary Responsibilities: 

 

  • Quantifies investment decisions through sophisticated calculations; using models such as Brinson Factor model, to decompose returns into asset allocation, interaction, and security selection. 

  • Uses quantitative techniques and methods, statistics, and econometrics, including probability, linear regression, and time series data analysis to monitor marketplace trends and create accurate projections. 

  • Develops or applies mathematical or statistical theory and methods to collect, organize, interpret, and summarizes numerical data to provide usable information. 

  • Analyzes and interprets statistical data to identify significant differences in relationships among sources of information. 

  • Analyzes sequences of data points collected over time using time series data analysis. 

  • Collaborates with business and quantitative analysts to maintain and extend complex calculation engines to measure investment portfolio performance, risk, and attribution. 

  • Partners with investment teams on various projects including portfolio construction, risk management, and alpha research. 

  • Designs optimal solutions for computing equity and fixed income security level analytics. 

  • Formulating attribution models and analytics to meet the needs of investment management teams. 

  • Develops quantitative techniques to inform securities investing, equities investing, pricing, or valuation of financial instruments. 

  • Creates mathematical or statistical models for risk management, asset optimization, pricing, or relative value analysis. 

  • Uses quantitative skills/technical skills to provide performance attribution for customers. 

  • Provides suggestions to improve portfolio management. 

  • Supports issues with production reports, identify causes of report inaccuracies. 

 

Education and Experience: 

 

Bachelor’s degree (or foreign education equivalent) in Computer Science, Engineering, Information Technology, Information Systems, Mathematics, Physics, Computational Finance, or a closely related field and three (3) years of experience as a Senior Quantitative Developer (or closely related occupation) developing performance, attribution characteristics, and risk measurement applications using Perl, Python, FAME, Linux, Oracle, and SQL in a financial services environment.  

 

Or, alternatively, Master’s degree (or foreign education equivalent) in Computer Science, Engineering, Information Technology, Information Systems, Mathematics, Physics, Computational Finance, or a closely related field and one (1) year of experience as a Senior Quantitative Developer (or closely related occupation) developing performance, attribution characteristics, and risk measurement applications using Perl, Python, FAME, Linux, Oracle, and SQL in a financial services environment. 

 

Skills and Knowledge: 

 

Candidate must also possess: 

 

  • Demonstrated Expertise (“DE”) developing with Performance Attribution analysis calculation models -- Brinson Hood Beehover, Brinson Fachler, and Multi Asset Class and implementing the quantitative analysis into programs by using complex datasets with programming languages and tools -- Perl, Python, and FAME. 

  • DE developing end-to-end application systems -- building front end graphical user interface to write the backend business and math logic that generates the core logic using programming languages -- Python, Perl, Fame, SQL, JavaScript, HTML, and Linux. 

  • DE developing investment analysis prototypes and modeling that explain the performance of the investment products compared to their benchmarks using Perl, Python, and FAME. 

#PE1M2 


Certifications:

Category:Information Technology

Fidelity’s hybrid working model 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 every other week (all business days, M-F) in a Fidelity office.

Top Skills

C
C#
C++
Java
Matlab
Perl
Python
R
SAS
SQL
The Company
HQ: Boston, MA
58,848 Employees
On-site Workplace
Year Founded: 1946

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.

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