Quantitative Analyst, Asset Allocation and Risk Management

Fidelity Investments - Boston, MA 02108 APPLY TO THIS JOB

The Department

Strategic Advisers, LLC is a registered investment advisor and wholly owned subsidiary of FMR LLC that provides investment management services to clients through Fidelity’s retail and institutional distribution channels. For more than 25 years Strategic Advisers has specialized in the design, construction and management of asset allocation solutions, as well as the methodologies for many of Fidelity’s investment planning tools, to help investors reach their financial goals. With close to $350 billion in assets under management in a blend of Fidelity and third party investment vehicles, the Strategic Advisers team of investment professionals constructs and manages asset allocation portfolios for close to 1,200,000 customer accounts.

Quantitative Research

Strategic Advisers Quantitative Research team partners with the broader SAI investment teams to produce strong risk‐adjusted performance for the wide range of Multi Asset Class investment solutions for our managed accounts clients.

The Position

You will work closely with the asset allocation portfolio managers and the risk management team. You will contribute to the investment teams’ successes through thorough analysis and investment recommendations that are based on quantitative analysis.

Your primary objectives include expanding existing investment methodologies across multiple account types and tax registrations (taxable, tax deferred and tax-free) to develop a unified investment framework. A significant focus of your work will be on asset allocation, asset location, and risk management. You will work closely with the asset allocation portfolio managers and the risk management team to improve investment solution for our managed account clients.

You should enjoy working within a team environment and are expected to offer strong communication, programming, and analytical skills. You should be able to translate portfolio management requirements into quantitative projects and present the results in an investment oriented and intuitive way.

Given SAI’s rapidly growing business, this role will evolve dynamically and requires an ambitious spirit. You will work at Fidelity’s headquarters in Boston, Massachusetts and will report to the team lead.


Partner with the asset allocation portfolio managers and risk management team to deliver solutions for key strategic and tactical initiatives. Examples of such initiatives may include:

Explore the differences for pre and after tax asset allocation and asset location. Consider risk tolerance, tax rates, and multiple client goals when researching different investment trade-offs.
Backtest active asset allocation strategies over different economic and market cycles
Research the role of different hedge fund strategies for multi asset class investment solutions across varying risk profiles.
Evaluate asset/factor allocation and rebalancing strategies to improve risk and return profiles under different market and economic conditions
Collaborate with the broader research and investment groups.
Be able to clearly communicate and rationalize specific recommendations


Strong knowledge of asset/factor allocation modeling, portfolio construction, risk management and quantitative disciplines
Knowledge of performance and risk attribution for multi-asset class portfolios and the challenges across and within the individual asset classes
Very Solid programming and database skills, e.g., R, Python, Matlab, SQL
Strong communication and presentation skills, in particular in regards to translating complex quantitative analysis into meaningful and applicable investment solutions
Knowledge of capital markets dynamics
Proficient in the use of financial tools like Bloomberg, Barra, and/or other portfolio analysis and asset allocation tools


3-5 years of experience in quantitative investment research and portfolio construction particularly for asset class and factor allocation
MS in a related field (Finance, Engineering, Mathematics, etc.)
CFA a plus


The following values are considered to be fundamental to the way in which our company operates:

Intellectual curiosity

Fidelity Investments is an equal opportunity employer.

At Fidelity, we are focused on making our financial expertise broadly accessible and effective in helping people live the lives they want— from the 23 million people investing their life savings, to the 20,000 businesses managing their employee benefits programs, to the 10,000 advisors and institutions needing innovative technology solutions to invest their clients’ money. To do this well, as a privately held company, we place a high degree of value in nurturing a work environment that attracts the best talent and reflects our commitment to being an employer of choice. For more information about Fidelity Investments, visit www.fidelity.com.

Job: Research

Primary Location: US-MA-Boston

Schedule: Full-time

Job Level: Individual Contributor

Education Level: Master's Degree (±18 years)

Job Type: Standard

Overtime Status: Exempt

Travel: No

Boston, Massachusetts
Boston, MA


Fidelity Investments

Boston, Massachusetts 02108

1/11/2019 7:58:24 AM