Fixed Income Quantitative Analyst

Job Description:

Note:

Fidelity will not provide immigration sponsorship for this position.

The GroupQRI is an investments and research division within Asset Management  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.

The Role Fidelity is seeking to hire a Quantitative Analyst to join its Quantitative Research and Investments (QRI) division. This position will be in Fidelity’s office in Merrimack, New Hampshire. The analyst will work with members of a 25-person QRI team embedded with Fidelity’s Fixed Income division, as well as investment professionals across the division, to develop quantitative techniques, models, and tools that support and strengthen trading and investment processes for Fidelity’s fixed income mutual funds and client accounts.

This role will focus on Rates and Securitized Markets, with primary responsibility for building and improving arbitrage-free interest rate models. The analyst will also build and enhance valuation models for inflation-protected securities, interest rate derivatives, and will develop relative value strategies for Rates products, including options. The analyst will partner closely with Rates Traders and Securitized Traders to build processes and tools that expose model outputs used in daily decision-making, including outputs from interest-rate, prepayment, and valuation models used by the Securitized desk.

This is a rare opportunity to work with high-caliber investment professionals in one of the premier fixed income investment management divisions in the world, which manages over $2 trillion in assets. As an ideal candidate, you will have demonstrated consistent success in your academic and work experience. You will have very strong analytical and communication skills and exhibit the highest level of personal and professional integrity.

You will be able to think creatively, work independently, and make decisions quickly, often with limited information. Your ability to consistently develop, clearly articulate, and effectively communicate investment recommendations supported by a comprehensive and thoughtful research process is critical to success in investment management  Value You Deliver Build, maintain, and improve arbitrage-free interest rate modeling infrastructure for Securitized and other investment teams

Develop and enhance valuation models for inflation-linked securities and rate derivatives, including Treasury futures, non-USD bond futures, and swaptions

Design and implement relative value strategies for Rates products using curve-fitting, mean-reversion, and regression techniques

Partner closely with Rates and Securitized traders to create, evaluate, and improve pre-trade, at-trade, and post-trade analytics

Build robust interactive tools and processes that expose outputs from interest-rate, prepayment, and securitized valuation models to trading teams

Collaborate with investment and technology professionals to put models into production and improve research-to-trading workflows

Explain complex quantitative concepts and model behavior clearly to non-technical stakeholders

Take initiative and demonstrate leadership in advancing the investment process

The Expertise and Skills You Bring These attributes are indispensable:3+ years of industry experience as a quantitative analyst in Fixed Income domain

Strong programming experience in Python (preferred) or another quantitative modeling language

Deep comfort with applied mathematics, statistics, and numerical methods

Demonstrated…