Senior Portfolio Engineer

Job Description:

With more than $850 billion in assets under management as of August 30th, 2024, Fidelity’s Strategic Advisers, LLC is a leading provider of asset allocation solutions for retail, institutional, and high net worth clients. The range of investment solutions include managed accounts, financial planning frameworks and custom solutions.

As a Fidelity Investments Company and a registered investment advisor - Strategic Advisers serves as the investment manager to all Fidelity managed accounts offered by Fidelity’s Portfolio Advisory Services and through Fidelity’s Wealth Management Advisory Services.  We construct and manage asset allocation portfolios for more than 3 million client accounts.

The Team

Systematic Portfolio Engineering is responsible for portfolio construction and trading of Fidelity’s retail and workplace managed accounts.  We employ investment expertise, quantitative techniques, and technology to scale our investment processes across both taxable and tax qualified portfolios with a mix of single and multi-asset class strategies, investing in a range of securities, including stocks, bonds, ETFs, mutual funds, and separately managed accounts.

Role & Responsibilities

Strategic Advisers is hiring a Portfolio Engineer to join the Systematic Portfolio Engineering team. The role will be located at our Dublin, Ireland office, working collaboratively with team colleagues in the US (Boston and Denver). You will be part of a dynamic group, tasked with developing innovative ways to manage client portfolios at scale. Team members will work across multiple focus areas, including:

• Investment management of client managed account products at scale (monitoring portfolio characteristics & risk exposures, evaluating portfolio quality and approving trades, configuring platform to implement targeted trades)
• Quantitative analysis and oversight of portfolio holdings & risk exposures across millions of client accounts
• Investment automation & platform architecture (working with our technology group to innovate on our platform, providing prototypes, requirements and business context)
• Research & Development to continually improve our scaled investment management methodologies

Experience

• 10+ years’ experience of working in the asset management industry (e.g., fund management, investment risk management, quant research,  trade implementation / portfolio construction, research analyst)
• Experience of owning investment decisions in single or multi asset class investment strategies
• Experience of quantitative approaches to investing would be beneficial
• Proven ability to work effectively in a highly collaborative, team-oriented environment

Education

• Undergraduate degree in Finance, Economics, Math, Physics, Computer Science, Engineering or related field
• Postgraduate qualification in Quantitative Finance or similar area preferred
• CFA / CAIA designation preferred

Skills and Knowledge

• Solid understanding of capital markets and asset management industry
• Knowledge of modern portfolio theory and quantitative portfolio construction methods
• Experience of working with databases (SQL)
• Ability to quantitatively analyse financial datasets (in tools like R, Python, Matlab or similar)

Other skills and knowledge that could set candidates apart:

• Knowledge of portfolio optimization software (e.g. Axioma, Northfield, Barra)
• Knowledge of tax-sensitive investment methodologies
• Ability to work with object-oriented programming languages (e.g. Java)
• Ability to carry out quantitative research on investment strategies
• Data visualization experience
• Strong communication skills (ability to convey quant analysis / research to a broad non-specialist audience)

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