Job: Financial Engineer

Financial Engineer

Capital Markets / Boston MA

Job # 0703805

Fidelity Investments is one of the world's largest providers of financial services, with custodied assets of $3.0 trillion, including managed assets of $1.4 trillion as of February 28, 2007. Fidelity offers investment management, retirement planning, brokerage, and human resources and benefits outsourcing services to more than 23 million individuals and institutions as well as through 5,500 financial intermediary firms. The firm is the largest mutual fund company in the United States, the No. 1 provider of workplace retirement savings plans, the largest mutual fund supermarket and a leading online brokerage firm.

Fidelity Capital Markets was founded in 1989.  Our core strength in equity execution, including block trading of listed securities, program trading, and rapidly growing NASDAQ agency capabilities, combined with a variety of fixed-income, foreign exchange, and syndicate products, allows us to offer our clients comprehensive solutions, backed by superior service. 

Position Description:

We are seeking an experienced professional to join our financial engineering team.  In this role, the Financial Engineer will:

• Research, design, back-test, deploy, evaluate, monitor, and tune high-frequency equity trading systems including:
• Algorithmic trading strategy servers (all prevalent strategies)
• Automated market making for both Nasdaq and Specialist operations
• Program trading (agency and risk)
• Institutional-order-size automated market making
• Pairs, baskets, and other statistical arbitrage strategies

• Price and define optimal program trading strategies (including blind-bid)
• Structure portfolios
• Provide market microstructure research to enhance client value and improve trading performance
• Create and support analytical systems used for comprehensive performance measurement and attribution (both proprietary and customer-facing)
• Create adaptive equity price prediction models
• Improve target price models
• Work with clients to improve their trading performance and thereby sell our trading services

Qualifications:

We put clients first and we work in full partnership with our traders.  The successful

candidate will need to treat both with genuine respect.  A big part of what we do is to educate others. The successful candidate will have strong communication skills and will be able to thrive in a team environment, as well as produce high-quality work independently.  In addition, the successful candidate should have:

• At least five years of experience at first-tier brokerage or an intra-day focused hedge fund.
• A Ph.D. or M.S. degree in Computational Finance, Electrical Engineering, Applied Mathematics or other relevant quantitative discipline is required.
• Fluency in a strong package of quantitative skills including:
• Managing and modeling tic-by-tic data
• Regression analysis, panel analysis, time series techniques especially GARCH and co-integration models, factor analysis, cluster and principal components analysis, nonparametric statistical techniques, pattern recognition, machine learning, data mining, signal processing
• Dynamic programming and general numerical optimization methods
• Statistical packages (SAS, Matlab, Splus)
• Traditional database programs (SQL Server, Oracle)
• Strong hands on programming background

Qualified candidates can apply online at http://www.fidelitycareers.com referencing Job # 0703805