Money Market Quantitative Research AnalystTitle: Money Market Quantitative Research Analyst
Location: NH-Merrimack
The Department
Fidelity's Fixed Income Department is one of the country's leading fixed income managers, with over $700 billion in fixed-income assets managed by a staff of more than 120 investment professionals. The Money Market Group, a major subdivision within the Fixed Income Department, is responsible for managing all of Fidelity's money market funds. The Money Market Group conducts fundamental research on domestic and international debt issuers, and it augments this research with macroeconomic and quantitative analysis to construct portfolios that protect shareholder principal, provide ample liquidity, and produce returns consistent with short-term market rates. The Money Market Group is headquartered in Merrimack, New Hampshire and has members in Fidelity's London office.
The Position
Fidelity is seeking to hire a Quantitative Research Analyst to join its Money Market Group. This position will be located in Fidelity's office in Merrimack, New Hampshire. This individual will develop quantitative methods, models, and tools to enhance the investment process used by the Money Market Group in managing its mutual funds and client accounts.
Responsibilities
* Develop and refine core quantitative investment tools
* Develop approaches for measuring, analyzing, managing, and reporting fund risks
* Create new techniques for analyzing performance relative to competitors
* Provide practical guidance on enterprise development of quantitative tools
* Support and enhance the money market investment process
* Communicate vision, concepts, and methods effectively
* Contribute to strategic investment and business discussions
* Serve as a liaison between investment professionals and technology teams
* Facilitate compliance with regulatory requirements
* Create portfolio metrics to aid in managing against 2a-7 constraints
* Develop effective stress tests and summary reports for 2a-7 funds
* Determine eligible floating-rate indices and associated maturity guidelines
* Respond to short-horizon requests for quantitative investment and market analysis
* Formulate and solve relevant portfolio optimization problems
* Construct and analyze model portfolios to meet new product needs
* Create valuation models for instruments relevant to the money market
* Expertise in technical problem solving and a strong background in practical mathematical modeling is required, supported by deep theoretical foundations in linear algebra, numerical methods, optimization theory, stochastic processes, and statistical analysis
* Work experience in the fixed income area, including a good working knowledge of securities, markets, valuation methods, and portfolio concepts, is required
* Experience in the money market area, including familiarity with Rule 2a-7, money market mutual funds, and current regulatory dynamics, is preferred
* Strong interpersonal skills and an ability to work in a team environment are required
* Highly developed oral presentation and technical writing skills are strongly preferred
* Programming experience and a facility with relational databases (with specific working knowledge of Excel/VBA, MATLAB, and SQL) are preferred.
This is a unique opportunity to work with high caliber investment professionals in one of the premier fixed income investment management divisions in the world. Ideal candidates will have demonstrated consistent success in their academic and work experiences. They will have very strong analytical and communication skills and exhibit the highest level of personal and professional integrity. They will be able to think creatively, work independently, solve problems practically, and make decisions rationally, often with limited information.
Company Overview
Fidelity Investments is one of the world's largest providers of financial services. Founded in 1946, the firm is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing and many other financial products and services to more than 20 million individuals and institutions, as well as through 5,000 financial intermediary firms. For more information about Fidelity Investments, .
Fidelity Investments is an equal opportunity employer.
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