Managing Director of Research, Multi-Asset Systematic Strategies

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 Team

The Multi-Asset Systematic Strategies (MASS) team is responsible for developing and managing a range of multi-asset systematic and rules-based alternative strategies, including hedged equity funds, managed futures trend, alternative risk premia solutions, and multi-strategy funds.  We also provide customized and derivative hedging solutions for multiple client needs.

The Role

Reporting to the Chief Investment Officer of Multi-Asset Systematic Strategies, the Research Director will be a key member of the Multi-Asset Systematic Strategies team. You will focus on managing the research process, including idea generation, testing and implementation of systematic strategies across multiple asset classes.  The products will include Alternative Risk Premia, Systematic Global Macro and Trend/CTA strategies, investing across equities, fixed income, currencies, commodities and other asset classes. 

Primary Responsibilities

• Model Design: Lead the design, development, and refinement of proprietary investment models across asset classes and investment styles including quant global macro, managed futures, alternative risk premia and systematic multi-strategy approaches.

• Modeling & Simulation Platform: Establish a research framework that ensures model integrity, rigorous backtesting and robust validation before portfolio implementation. 

• Research Agenda: Drive the research agenda prioritizing high impact research initiatives across multiple teams.

• Cross-Functional Collaboration: Work closely with the trading team, risk team and technology teams to ensure seamless implementation of models.   

• Data Management: Oversee group-wide data management, ensuring high-quality data is sourced, integrated and maintained. Facilitate data accessibility across multiple teams.

• Team Leadership: Lead and mentor a multidisciplinary team of quantitative researchers. Foster a culture of innovation and rigorous analysis.

• Client Facing: Occasionally engage in client facing activities, such as investment due diligence meetings.

• Documentation: Implement process for code documentation according to best practices.

• Innovation: Keep pace with advancements in quantitative finance research and seek to integrate emerging techniques to refine and improve investment strategies.

The Expertise and Skills You Bring

The role requires a well-rounded professional who possesses a deep understanding of investment research, portfolio management, product development and the investment process. Additionally, the position requires:

• Bachelor’s degree

• Significant experience (15+ years) in quantitative research within an asset management firm or a hedge fund

• Deep understanding of financial instruments and markets

• Experience in design of alternative multi-asset systematic strategies

• Proven track record of developing and deploying successful investment strategies

• Trading/execution experience is a plus

• Proficiency in one or more programming languages is a plus

Preference will be given to candidates with the following additional qualifications:

• MBA or other master’s/advanced degree

• Buy-side experience in managing the research process for systematic multi-asset strategies

Leadership Competencies You Are Expected Demonstrate

• Strategic thinking ability to enable working in and across a heavily matrixed organization

• Credible and professional presence to interact effectively with investment professionals at all levels of experience, as well as with the external marketplace

• Comfort using technology and a disciplined approach to analyzing market opportunities

• Great attention to detail and strong analytical skills

• High integrity, great work ethic, humility, strong interpersonal skills, and team-centered orientation

• Commitment to coaching and developing others by providing balanced guidance and feedback

Values

The following values are considered to be fundamental to the way in which our company operates:

• Accountability

• Enthusiasm

• Integrity

• Teamwork

• Respect

Certifications:

Category:

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.