Job Description:
The Group
Strategic Advisers (SAI) 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 30 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 over $1.2 trillion in assets under management in a blend of Fidelity and third- party investment vehicles, the Strategic Advisers team of investment professionals construct and manage asset allocation portfolios for over three million customer accounts.
The Team
SAI’s quantitative research analysts work either directly on an asset class or product investment teams, the central quantitative research group, or on the risk team. The team consists of ~20 analysts located in Boston, Dublin and Denver and partners with the broader SAI investment teams to deliver superior risk-adjusted performance for the wide range of investment offerings managed by SAI. The team’s work includes risk modeling, portfolio construction analysis, the creation of smart beta libraries/alpha models, investment strategy methodology development, and implementation support.
The Role
The Quantitative Taxable team within Quantitative Research group is responsible for research and development of the investment methodologies that enable SAI to manage personalized client portfolios at scale. We develop methodology for asset location, multi-account optimization, tax-loss harvesting, and many other tax management and goal-based wealth management strategies. Our projects typically lie at the intersection of investment management, portfolio engineering, product design, and personalized financial planning. As a member of this team, your primary objective will include researching and designing solutions to deliver superior outcomes for the managed account clients. A significant focus of your work will also be on model/portfolio construction and optimization to deliver optimal after-tax benefits for clients. This position requires strong collaboration across product development, fundamental research, portfolio engineering, investment management, and technology teams.
The Value You Deliver
Research, design, and develop quantitative investment techniques and methodologies to support multi-asset class model and portfolio construction.
Develop the next generation of tax-smart techniques to manage portfolios for taxable clients, taking into consideration asset allocation and asset location in a multi-asset and multi-account framework.
Collaborate with portfolio management, research, and portfolio engineering teams to enhance the existing portfolio construction processes for both single and multi-account solutions, as well as innovative approaches for unified managed households.
Design and back-test strategies, run simulations and perform risk and after-tax analyses.
Articulate the rationale for specific recommendations and clearly communicate them.
Understand, maintain, and improve infrastructure supporting investment research and processes.
Skills and Knowledge
Experience with quantitative portfolio construction methods and portfolio optimization, investment management, and portfolio analysis.
Experience with quantitative portfolio tools such as Barra, Axioma and Factset.
Solid programming and database skills, e.g., Python, R, SQL, and BI Tools.
Experience with operations research and agentic artificial intelligence preferred.
Effective communication and presentation skills, particularly in translating complex quantitative analysis into meaningful and applicable investment solutions.
Ability to work across the organization in various disciplines to drive consensus/closure; strong collaboration and influence skills.
Education and Experience
Graduate degree in a related field (Finance, Engineering, Mathematics, Operations Research, Decision Science, and Computer Science).
5+ years of experience in quantitative investment research (e.g., portfolio optimization, asset allocation) and portfolio construction roles, specifically for a multi-asset class investment process.
Proven ability and track-record of conducting rigorous independent empirical research and a willingness to identify and present new research ideas.
CFA is a plus.
Placement in the range will vary based on job responsibilities and scope, geographic location, candidate’s relevant experience, and other factors.
Base salary is only part of the total compensation package. Depending on the position and eligibility requirements, the offer package may also include bonus or other variable compensation.
We offer a wide range of benefits to meet your evolving needs and help you live your best life at work and at home. These benefits include comprehensive health care coverage and emotional well-being support, market-leading retirement, generous paid time off and parental leave, charitable giving employee match program, and educational assistance including student loan repayment, tuition reimbursement, and learning resources to develop your career. Note, the application window closes when the position is filled or unposted.
Most roles at Fidelity are Hybrid, requiring associates to work onsite every other week (all business days, M-F) in a Fidelity office. This does not apply to Remote or fully Onsite roles. Some roles may have unique onsite requirements. Please consult with your recruiter for the specific expectations for this position.
Please 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.
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Benefits that balance life and work
From our fully paid parent leave to our on-site health and wellness centers, our benefits support the belief that more balance you have, the better you can achieve your goals.
Company overview
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 experience.
Reasonable accommodations
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, or by calling 800-835-5099, prompt 2, option 3.
Equal opportunity employer
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.
Hybrid work schedule
Fidelity’s hybrid working model blends the best of both onsite and offsite work experiences. Working onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most hybrid roles require associates to work onsite all business days of every other week in a Fidelity office.
Applicant screening
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 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.