Common Risk Platform Product Lead

Job Description:

The Group

Quantitative Research and Investing (QRI) is an investments and research division within Asset Management at Fidelity. We are responsible for the management and development of quantitative and hybrid quant/fundamental investment strategies and solutions while providing high quality quantitative, data-driven support to Fidelity’s investment professionals, ensuring they have access to the most relevant data and advanced quantitative analysis.

The Role

We are seeking a Common Risk Platform Product Lead to join the QRI team. In this role, you will be responsible for the technical design and development of Fidelity’s next generation Multi-Asset Class Risk Platform. This platform supports ex-ante risk, VaR, attribution, stress testing and scenario analysis across all asset classes, and is used by investment professionals across Fidelity for risk management, portfolio construction, and alpha research.

The ideal candidate will both have the technology expertise to optimize run-time performance, scalability, and robustness of the platform and also have the strong leadership and people management skills to effectively manage a small team of senior developers.

In addition to being responsible for the technical design and the management of the end-to-end systems development lifecycle of the platform, a key component of this role is communicating with portfolio and risk managers across the firm to ensure the platform can be optimally used as part of the investment decision making process. The successful evolution of the platform will require balancing long term strategic enhancements with tactical improvements required by the business.

The Value You Deliver

• System Development & Architecture: Lead the architecture and development of robust, scalable systems for investment risk and portfolio analytics, with a focus on multi-asset class risk modeling, performance attribution, and optimization.

• Team Management & Mentorship: Lead, mentor, and build a team of talented quant developers, fostering a collaborative, high-performance environment. Provide technical leadership and guidance in all stages of the software development lifecycle.

• Technical Leadership: Provide technical leadership in building scalable, high-performance systems that handle large volumes of data, ensuring the systems can support complex risk models at scale.

• Collaboration & Stakeholder Engagement: Work closely with senior leaders in Asset Management Technology (AMT) and business stakeholders to design and implement sophisticated quantitative risk and portfolio analytics systems that support decision-making processes in asset management. Translate business requirements into scalable, high-performance technical solutions.

• Technology and Innovation: Lead the adoption of modern software engineering practices, including CI/CD, containerization (Docker), serverless architectures, and cloud technologies to enhance development and operational efficiency.

• Quantitative Risk & Performance Systems: Work with business partners to design and implement sophisticated quantitative risk and portfolio analytics systems that support decision-making processes in asset management.

The Expertise and Skills You Bring

• Industry Experience: 10+ years of experience in software development, quantitative development, or financial technology, with a strong focus on investment risk systems in buy-side asset management firms.

• Quantitative Risk Models: Strong knowledge of risk modeling, including factor-based risk models, scenario analysis, stress testing, and factor attribution.

• Programming & Data Handling:

  • Proficiency in Python (especially libraries like Pandas, NumPy, Dash) for building data-driven applications.

  • Familiarity with C++ for performance-critical systems.

  • Experience with containerization (Docker), serverless computing, and API management.

  • Familiarity with front-end technologies like HTML5, JavaScript, CSS3, and Angular.

  • Experience with CI/CD pipelines, infrastructure-as-code, and test-driven development.

  • Proficiency with data pipeline engineering, ETL processes, and working with big data technologies for processing large datasets efficiently.

  • Strong experience with performance at scale, parallel computing, and high-performance computing.

  • Proficient in system architecture and design.

• Leadership & Mentorship: Proven ability to lead and mentor teams of quantitative developers, fostering an environment of collaboration, innovation, and continuous improvement in risk and software development practices.

• Educational Background: Bachelor’s or higher degree in Computer Science, Applied Mathematics, Financial Engineering, or a related quantitative field.

What We Offer

• A dynamic, high-impact environment that offers opportunities to work on complex and innovative risk management systems.

• Leadership opportunities to shape the future of Fidelity’s Multi-Asset Class Risk Platform and influence key decisions at the intersection of technology and asset management.

• A collaborative work environment focused on professional growth, technical excellence, and cross-functional teamwork.

• Competitive compensation, including performance-based incentives, and a comprehensive benefits package.

The base salary range for this position is $120,000 - $200,000 per year.  

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.

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 every other week (all business days, M-F) in a Fidelity office.

Certifications:

Category:

Investment Professionals