Technology
Vice President, Quant Development
- Boston, MA
Salary depends on a variety of factors including location and experience. Your recruiter will discuss with you.
Salary: listed in the job description
or discussed with your recruiter
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.
Company overview
At Fidelity, we are passionate about making our financial expertise broadly accessible and effective in helping people live the lives they want! We are a privately held company that places a high degree of value in creating and nurturing a work environment that attracts the best talent and reflects our commitment to our associates. We are proud of our diverse and inclusive workplace where we respect and value our associates for their unique perspectives and experiences. For information about working at Fidelity, visit FidelityCareers.com. Fidelity Investments is an equal opportunity employer. Fidelity will reasonably accommodate applicants with disabilities who need adjustments to complete the application or interview process.
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What tech makes you tick?
Benefits that adapt to everything life sends your way
401(k) with company match
Medical, dental, vision and prescription drug coverage
16-week maternity leave & 12-week parental leave
Student loan assistance
Fidelity is invested in you
Committed to Professional Development
At Fidelity, we are constantly adapting to the changing needs of our customers, new technologies, and better ways of working. And we empower our employees to do the same, with an emphasis on developing skills and connections that will help propel you forward in your career while being able to make an impact for Fidelity’s customers around the world.
Licenses & Certifications
- Pursue excellence in new coding languages or tech applications across a broad range of technical paths.
- Tuition reimbursement for online or in-person course work in pursuit of new certifications.
Continuing Education & Training
- Assess, build, and align your development plan through resources like our skill-building classroom and online courses.
- Video-based training for technology, leadership, management & more.
- Paid training with a facilitator who is dedicated to your onboarding and will track and evaluate your progress, giving you strategies to improve.
- A range of talent development programs to support career mobility.
Mentoring
- Utilize the skills of experienced leaders to enrich your career.
- Dedicated mentors to help you grow into new areas of Fidelity’s business as you develop new skills.
- An open atmosphere of knowledge sharing and collaboration.
- Opportunities to pay it forward, sharing the knowledge you develop and as you help others define how they want their career to take shape.
Web-Based Learning
- Online, video-based training that covers a broad range of technology, leadership, and management topics.
- Access to thousands of the latest and most relevant business books – all summarized in just a few pages.
- Train from your desk or the comfort of your home.
Our Commitment to Diversity and Inclusion
"Fidelity believes in, and is committed to, fair and equitable treatment for every associate and customer, and to creating a safe and respectful environment, in which everyone is treated with kindness, compassion and respect." Abby Johnson | Chairman and CEO Fidelity Investments
At Fidelity, we are committed to building an enduring culture of inclusion and belonging that will attract, develop and retain a diverse workforce.
Fidelity’s ten affinity groups are self-organized groups of employees with common interests in areas such as race, ethnicity, gender or sexual orientation, or who share similar interests based on similar sets of experiences.
These Employee Resource Groups and Special Interest Groups are models of inclusion for Fidelity. They’re also a powerful form of engagement and development and can provide a pathway to visible leadership roles. Our affinity groups make a large contribution on the business, helping to ensure our products and services are delivered in a welcoming and equitable environment.
- Over 22K employees participate in an affinity group.
- Over 1,400 affinity group members volunteered for Fidelity Cares in 2020.
- 74% increase in affinity group memberships over the last three years.
Giving Back to Our Communities
Throughout Fidelity, you’ll find a genuine commitment to social responsibility – where we strive to make an impact for customers, while also making an impact on the world.
Fidelity Cares
- Provides associates with opportunities to actively volunteer and share their talents.
- Hosts numerous company-wide volunteer events (in-person and virtual).
- Partners with nonprofit organizations to support our local communities.
- More than 12,000 associates donate time annually – from interns to SVPs.
- Impact includes refurbishing schools, donating books and supplies, and teaching financial literacy.
Fidelity Charitable®
- Created to make it easy for people to support charitable organizations they care about.
- Helped deliver $7.3 billion in donor-recommended grants to charity in 2019.
- Supported more than 300,000 unique charities around the world.
- Since its inception, more than $42 billion has been given to public charities.
