Job: SENIOR QUANTITATIVE ANALYST

SENIOR QUANTITATIVE ANALYST

Fidelity Investments

STRATEGIC ADVISERS, INC.,

Boston, MA

Job # 0711029

Business Overview:

Fidelity Investments currently has a Quantitative Analyst opening within Strategic Advisers, Inc. (SAI).  Strategic Advisers, Inc. (SAI) is a registered investment adviser and wholly owned subsidiary of FMR Corp., providing discretionary and non-discretionary investment management services through Fidelity’s retail and institutional distribution channels. SAI is a team of investment professionals that actively research and analyze over 2,300 Fidelity and non-Fidelity funds. The team also engineers and manages asset allocation portfolios for more than 157,000 accounts. SAI manages over $55.6 billion in discretionary client assets.

In addition to investment management, SAI specializes in investment risk management, portfolio analytics, asset/liability modeling, and investment planning tools for individual investors.

Position Description:

The quantitative research process is involved in the following: portfolio construction, development of alpha models, and applying quantitative methods to compliment SAI’s fundamental research. It is a close-knit, highly team-oriented group working closely together to achieve excellent risk-controlled performance for clients.

Primary Responsibilities:

• The Quantitative Analyst will work with Research Analysts, Portfolio Strategists, Investment Managers, Programmers, and other Quantitative Analysts within Strategic Advisers.

• SAI uses quantitative methods to research & develop:

• Optimization techniques for portfolio construction

• Determine appropriate portfolio constraints

• Evaluate mutual funds as candidates for portfolios, including alpha models

• Develop quantitative methods to work in conjunction with fundamental research methods

• Develop, test, and deploy methods for evaluating performance of funds and portfolios

• Research, develop, backtest, and deploy tactical asset allocation methods

• Apply Modern Portfolio Theory to the portfolio construction process

• Tools to assist in the automation of portfolio management activities, including optimal turnover and trading algorithms

Education and Experience:

• The successful candidate will have earned an advanced degree in engineering, applied mathematics, statistics, science, operations research, econometrics, or computer science. 

• A Finance MBA with significant experience using quantitative methods would also be considered.

• CFA is a strong plus.

Skills and Knowledge:

• The ideal candidate will have strong skills in statistical methods and programming.  Experience working with investment data is a strong plus.

• Tools likely to be used in the job include SAS, Unix, Oracle, Sybase.  A solid knowledge of these tools or similar ones is required.

• Other critical skills in this role include excellent written and oral communication skills, the ability to think critically in a demanding environment, the ability to provide thought leadership, and the ability to work independently on multiple projects without detailed direction.

• The candidate must be able to work effectively in a team environment.  A can-do attitude and optimistic spirit is very important.

Company Overview:

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.

Qualified candidates should submit their resumes to www.fidelitycareers.com, job # 0711029