Vice President, Quant Development

Vice President, Quant Development at Fidelity Investments summary:

The Vice President of Quantitative Development at Fidelity Investments leads technical design and development for a Multi-Asset Class Risk Platform used in asset management. This role requires expertise in software development, quantitative risk modeling, and team leadership to optimize performance and enhance decision-making processes in investment management. The position involves collaboration with senior leaders to ensure effective implementation of sophisticated quantitative risk solutions in a high-performance environment.

Job Description:

Vice President, Quantitative Development - Asset Management Technology (AMT)

The Role

Asset Management Technology (AMT) provides technology solutions and support to all the Investment Management, Research, Trading, and Investment Operations functions globally. We are seeking a Vice President, Quantitative Development to join our Quantitative Research & Investing Technology team. In this role, you will be responsible for the technical design and development of Fidelity’s next generation Multi-Asset Class Risk Platform.  This platform supports ex-ante risk, VaR, attribution, stress testing and scenario analysis across all asset classes, and is used by investment professionals across Fidelity for risk management, portfolio construction, and alpha research.  

The ideal candidate will both have the technology expertise to optimize run-time performance, scalability, and robustness of the platform as well as possess strong leadership and people management skills to effectively manage a small team of senior developers.  

In addition to being responsible for the technical design and the management of the end-to-end systems development lifecycle of the platform, a key component of this role is communicating with portfolio and risk managers across the firm to ensure the platform can be optimally used as part of the investment decision making process. The successful evolution of the platform will require balancing long term strategic enhancements with tactical improvements required by the business.

• System Development & Architecture: Lead the architecture and development of robust, scalable systems for investment risk and portfolio analytics, with a focus on multi-asset class risk modeling, performance attribution, and optimization.
• Team Management & Mentorship: Lead, mentor, and build a team of talented quant developers, fostering a collaborative, high-performance environment. Provide technical leadership and guidance in all stages of the software development lifecycle.
• Technical Leadership: Provide technical leadership in building scalable, high-performance systems that handle large volumes of data, ensuring the systems can support complex risk models at scale.
• Collaboration & Stakeholder Engagement: Work closely with senior leaders in Asset Management Technology (AMT) and business stakeholders to design and implement sophisticated quantitative risk and portfolio analytics systems that support decision-making processes in asset management.  Translate business requirements into scalable, high-performance technical solutions.
• Technology and Innovation: Lead the adoption of modern software engineering practices, including CI/CD, containerization (Docker), serverless architectures, and cloud technologies to enhance development and operational efficiency.
• Quantitative Risk & Performance Systems: Work with business partners to design and implement sophisticated quantitative risk and portfolio analytics systems that support decision-making processes in asset management.

The Expertise and Skills You Bring

• Industry Experience: 10+ years of experience in software development, quantitative development, or financial technology, with a strong focus on investment risk systems in buy-side asset management firms.
• Quantitative Risk Models: Strong knowledge of risk modeling, including factor-based risk models, scenario analysis, stress testing, and factor attribution.
• Programming & Data Handling:
  • Proficiency in Python (especially libraries like Pandas, NumPy, Dash) for building data-driven applications.
  • Familiarity with C++ for performance-critical systems.
  • Experience with containerization (Docker), serverless computing, and API management.
  • Familiarity with front-end technologies like HTML5, JavaScript, CSS3, and Angular.
  • Experience with CI/CD pipelines, infrastructure-as-code, and test-driven development.
  • Proficiency with data pipeline engineering, ETL processes, and working with big data technologies for processing large datasets efficiently.
  • Strong experience with performance at scale, parallel computing, and high-performance computing.
  • Proficient in system architecture and design
• Leadership & Mentorship: Proven ability to lead and mentor teams of quantitative developers, fostering an environment of collaboration, innovation, and continuous improvement in risk and software development practices.
• Executive Communication – Ability to communicate based on the partners from concise information to precise details based on the audience.
• Educational Background: Bachelor’s or higher degree in Computer Science, Applied Mathematics, Financial Engineering, or a related quantitative field.

The Team

Asset Management Technology (AMT) provides technology solutions and support to all the Investment Management, Research, Trading, and Investment Operations functions globally. The Quantitative Research & Investing Technology team is a dynamic, high-impact environment that offers opportunities to work on complex and innovative risk management systems and opportunities to shape the future of Fidelity’s Multi-Asset Class Risk Platform and influence key decisions at the intersection of technology and asset management.

Certifications:

Company Overview

Fidelity Investments is a privately held company with a mission to strengthen the financial well-being of our clients. We help people invest and plan for their future. We assist companies and non-profit organizations in delivering benefits to their employees. And we provide institutions and independent advisors with investment and technology solutions to help invest their own clients’ money.

Join Us

At Fidelity, you’ll find endless opportunities to build a meaningful career that positively impacts peoples’ lives, including yours. You can take advantage of flexible benefits that support you through every stage of your career, empowering you to thrive at work and at home. Honored with a Glassdoor Employees’ Choice Award, we have been recognized by our employees as a top 10 Best Place to Work in 2024. And you don’t need a finance background to succeed at Fidelity—we offer a range of opportunities for learning so you can build the career you’ve always imagined.

Fidelity’s hybrid working model blends the best of both onsite and offsite work experiences. Having the majority of our associates work onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most roles listed as Hybrid will require associates to work onsite all business days of every other week in a Fidelity office. This does not apply to roles listed as Remote or Onsite.

At Fidelity, we value honesty, integrity, and the safety of our associates and customers within a heavily regulated industry. Certain roles may require candidates to go through a preliminary credit check during the screening process. Candidates who are presented with a Fidelity offer will need to go through a background investigation, detailed in this document, and may be asked to provide additional documentation as requested. This investigation includes but is not limited to a criminal, civil litigations and regulatory review, employment, education, and credit review (role dependent). These investigations will account for 7 years or more of history, depending on the role. Where permitted by federal or state law, Fidelity will also conduct a pre-employment drug screen, which will review for the following substances: Amphetamines, THC (marijuana), cocaine, opiates, phencyclidine.

We invite you to Find Your Fidelity at fidelitycareers.com.

Fidelity Investments is an equal opportunity employer. We believe that the most effective way to attract, develop and retain a diverse workforce is to build an enduring culture of inclusion and belonging.

Fidelity will reasonably accommodate applicants with disabilities who need adjustments to participate in the application or interview process. To initiate a request for an accommodation, contact the HR Accommodation Team by sending an email to accommodations@fmr.com.

We welcome those with experience in jobs such as General, General, and General and others in the General to apply.
Keywords:

quantitative development, risk management, software engineering, investment technology, portfolio analytics, multi-asset class, Python, data pipeline, cloud technology, team leadership

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