Quantitative Risk Analyst
At a glance
Mid-level Risk & Financial Compliance role at Fidelity. Boston · full-time · $67,000–$127,000 base.
financeroles summary, based on the employer's posting.
What you'll do
- Check firm-wide models by reviewing their inputs, calculation methods, results and underlying assumptions
- Measure counterparty, interest-rate and foreign-exchange exposure, then assess portfolio risk and complex-security pricing
- Analyze strategic allocations and present findings, concerns and proposed improvements to business leaders
- Work with business leaders to resolve identified issues, build client relationships and support Associate colleagues' development
What you bring
- A master's degree in finance, mathematical finance or a related discipline
- Two to four years of relevant professional experience
- Strong quantitative reasoning and analytical problem-solving skills
- Fluency with Bloomberg, Excel and statistical software such as R, Python, MATLAB or SQL
Who this fits
This mid-level analyst role suits someone who can communicate quantitative findings and handle competing priorities. The position is based in Boston, and Fidelity will not sponsor immigration. Onsite expectations are being phased in and may vary by role and location.
From the employer
Fidelity will not provide immigration sponsorship for this position.
Job Description:
The Role
As an Analyst within Fidelity Risk Group’s Quantitative Risk Analysis team, you will be working in a team-based, fast-paced environment. This role will expose you to the various facets of the financial services industry with a concentration in quantitative model validation and financial modeling, and develop your brand as a leader, mentor, and strategic thinker across Fidelity.
Key responsibilities:
- Perform model validation across firm-wide business groups, including an assessment of model inputs, calculation methodology, outputs, and key assumptions
- Assess exposure to financial risks, including counterparty, interest rate, and foreign exchange risks
- Perform quantitative and qualitative analysis to evaluate portfolio risks, price complex securities, and analyze strategic allocations
- Prepare presentations and written assessments to communicate observations and proposed improvements for business leaders and executives
- Provide viable solutions to identified issues and collaborate with business leaders to implement them
- Build deep working relationships with clients throughout Fidelity
- Mentor and develop skills of Associate colleagues
The Expertise and Skills You Bring
- MS in Finance, Mathematical Finance, or related field of study
- 2-4 years of relevant work experience
- Strong problem solving, quantitative, and analytical abilities
- Demonstrated leadership abilities and idea generation
- Ability to prioritize multiple tasks and manage workload
- Strong proficiency with Bloomberg, Excel, and/or statistical software (e.g., R, Python, MATLAB, SQL)
- Progress towards CFA or similar industry certification preferred
- Strong written and verbal communication skills
The Team
The Quantitative Risk Analyst will work on a cross-functional team responsible for evaluating market, financial, and operational risks; validating quantitative models; assessing private and complex asset valuations; evaluating the effectiveness of risk management models and tools; communicating issues and findings to management; and devising solutions for continual business improvements. Key areas of focus include quantitative modeling, valuation and pricing, trade cost analysis, investment products, financial market events, and credit risk.
Fidelity’s Onsite Working Model
Fidelity 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.
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.
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.