Fixed Income Quantitative Analyst

Job Description:Note: Fidelity will not provide immigration sponsorship for this position.The GroupQRI is an investments and research division within Asset Management at Fidelity. QRI is responsible for managing and developing quantitative and hybrid quant/fundamental investment strategies and solutions while also providing high quality quantitative, data-driven research to Fidelity’s investment professionals, ensuring they have access to the most relevant data and advanced quantitative analysis.The RoleFidelity is seeking to hire a Quantitative Analyst to join its Quantitative Research and Investments (QRI) division. This position will be in Fidelity’s office in Merrimack, New Hampshire. The analyst will work with members of a 25-person QRI team embedded with Fidelity’s Fixed Income division, as well as investment professionals across the division, to develop quantitative techniques, models, and tools that support and strengthen trading and investment processes for Fidelity’s fixed income mutual funds and client accounts.This role will focus on Rates and Securitized Markets, with primary responsibility for building and improving arbitrage-free interest rate models. The analyst will also build and enhance valuation models for inflation-protected securities, interest rate derivatives, and will develop relative value strategies for Rates products, including options. The analyst will partner closely with Rates Traders and Securitized Traders to build processes and tools that expose model outputs used in daily decision-making, including outputs from interest-rate, prepayment, and valuation models used by the Securitized desk.This is a rare opportunity to work with high-caliber investment professionals in one of the premier fixed income investment management divisions in the world, which manages over $2 trillion in assets. As an ideal candidate, you will have demonstrated consistent success in your academic and work experience. You will have very strong analytical and communication skills and exhibit the highest level of personal and professional integrity. You will be able to think creatively, work independently, and make decisions quickly, often with limited information. Your ability to consistently develop, clearly articulate, and effectively communicate investment recommendations supported by a comprehensive and thoughtful research process is critical to success in investment management at Fidelity.The Value You DeliverBuild, maintain, and improve arbitrage-free interest rate modeling infrastructure for Securitized and other investment teamsDevelop and enhance valuation models for inflation-linked securities and rate derivatives, including Treasury futures, non-USD bond futures, and swaptionsDesign and implement relative value strategies for Rates products using curve-fitting, mean-reversion, and regression techniquesPartner closely with Rates and Securitized traders to create, evaluate, and improve pre-trade, at-trade, and post-trade analyticsBuild robust interactive tools and processes that expose outputs from interest-rate, prepayment, and securitized valuation models to trading teamsCollaborate with investment and technology professionals to put models into production and improve research-to-trading workflowsExplain complex quantitative concepts and model behavior clearly to non-technical stakeholdersTake initiative and demonstrate leadership in advancing the investment processThe Expertise and Skills You BringThese attributes are indispensable:3+ years of industry experience as a quantitative analyst in Fixed Income domainStrong programming experience in Python (preferred) or another quantitative modeling languageDeep comfort with applied mathematics, statistics, and numerical methodsDemonstrated expertise in technical and financial problem solvingExperience with complex SQL programming and data modeling for large-scale market and analytics datasetsStrong interpersonal and verbal communication skills with an eagerness to work in a collaborative team environmentThese attributes are strongly preferred:Experience building arbitrage-free term-structure models (e.g., one-factor/two-factor short-rate or related frameworks)Experience with securitized products analytics, including prepayment modeling conceptsFamiliarity with inflation-linked products and cross-market Rates relative value analysisAdvanced degree in a STEM disciplineInterest and passion for investing and global fixed income marketsFamiliarity with fixed income trading workflows, market microstructure, and pricingExperience working with fixed income trading platforms such as Tradeweb, MarketAxess, ICE, Bloomberg, etc.Fidelity’s Onsite Working ModelFidelity is transitioning to a full-time onsite working model through a phased rollout across regions and roles. Currently, some roles and locations require 100% onsite presence, while others require less. Onsite expectations are likely to evolve as the rollout continues. This transition does not apply to fully remote roles.Certifications:Category:Investment ProfessionalsPlease be advised that Fidelity’s business is governed by the provisions of the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, the Investment Company Act of 1940, ERISA, numerous state laws governing securities, investment and retirement-related financial activities and the rules and regulations of numerous self-regulatory organizations, including FINRA, among others. Those laws and regulations may restrict Fidelity from hiring and/or associating with individuals with certain Criminal Histories.SummaryLocation: Merrimack, NHType: Full time