Fixed Income Quantitative Analyst

Fidelity Investments • Merrimack, NH

1d • Onsite

About The Position

Fidelity 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.

Requirements

• 3+ years of industry experience as a quantitative analyst in Fixed Income domain
• Strong programming experience in Python (preferred) or another quantitative modeling language
• Deep comfort with applied mathematics, statistics, and numerical methods
• Demonstrated expertise in technical and financial problem solving
• Experience with complex SQL programming and data modeling for large-scale market and analytics datasets
• Strong interpersonal and verbal communication skills with an eagerness to work in a collaborative team environment

Nice To Haves

• 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 concepts
• Familiarity with inflation-linked products and cross-market Rates relative value analysis
• Advanced degree in a STEM discipline
• Interest and passion for investing and global fixed income markets
• Familiarity with fixed income trading workflows, market microstructure, and pricing
• Experience working with fixed income trading platforms such as Tradeweb, MarketAxess, ICE, Bloomberg, etc.

Responsibilities

• Build, maintain, and improve arbitrage-free interest rate modeling infrastructure for Securitized and other investment teams
• Develop and enhance valuation models for inflation-linked securities and rate derivatives, including Treasury futures, non-USD bond futures, and swaptions
• Design and implement relative value strategies for Rates products using curve-fitting, mean-reversion, and regression techniques
• Partner closely with Rates and Securitized traders to create, evaluate, and improve pre-trade, at-trade, and post-trade analytics
• Build robust interactive tools and processes that expose outputs from interest-rate, prepayment, and securitized valuation models to trading teams
• Collaborate with investment and technology professionals to put models into production and improve research-to-trading workflows
• Explain complex quantitative concepts and model behavior clearly to non-technical stakeholders
• Take initiative and demonstrate leadership in advancing the investment process

What This Job Offers

• Job Type: Full-time
• Career Level: Senior