Fidelity Investments
Jersey City, NJ
We are seeking a Team Lead to serve as a player/coach for this high-impact, multi-functional team. In this role, you will be the operational and strategic anchor of the Portfolio Risk Platform. You will lead and mentor a lean, highly specialized group of risk professionals, helping them gain the domain expertise necessary to root-cause daily issues effectively, answer investor questions, and build automated systems for identifying analytical quality issues.
To maximize efficiency, our firm utilizes a clear division of labor: a Central Data Operations team acts as the "Hub," owning the daily validation, quality control, and day-over-day change monitoring of all platform inputs.
As the "Spoke," your team is responsible for inheriting these validated inputs to run the platform, validate the resulting risk outputs and security analytics, and resolve complex structural or modeling anomalies. Concurrently, you will act as a Product Owner, managing relationships with Fidelity’s investors and portfolio managers, while driving analytics enhancements.
The Risk Platform team within Quantitative Research and Investments (QRI) is the custodian of the accuracy, timeliness, and reliability of the portfolio risk analytics used daily for risk management and portfolio construction across Fidelity Asset Management.
Our portfolio managers, quantitative researchers, and fundamental investment professionals rely on our platform's risk metrics for both risk management and portfolio construction. As the stewards of risk analytics data for QRI, our mission is to ensure that all vendor and internal portfolio risk analytics are delivered consistently, accurately, and on a timely basis.
We sit at the center of a collaborative hub: we act as product owners who partner directly with investment teams to translate their complex analytical needs into structured platform requirements for our engineering teams, while managing the platform's development roadmap and communicating updates back to the business. Concurrently, we serve as subject matter experts (SMEs) in single security and portfolio risk analytics. In this capacity, we provide daily validation of risk outputs and security analytics while continuously evolving the system by onboarding new vendor models and expanding asset-class coverage. Ultimately, our team is responsible for the operationalization, scaling, quality control, and integrity of the entire production platform.
Portfolio Risk Validation & Specialty Analytics
Platform Integration & Coverage Evolution
Investor Relationship Management & Product Ownership
Team Leadership & Player/Coach Mentorship
Mentorship & Upskilling: Act as a player/coach, responsible for individual deliverables while actively mentoring junior team members. Foster their growth in gaining the deep domain expertise required to analyze multi-asset portfolios and run risk operations.
Resource Optimization Model: Manage your team using a structured allocation model. Divide your resources between daily operational support (focused on daily risk output validation, SME support, and client inquiries) and project sprints (focused on onboarding vendor models, UAT, and security coverage enhancements) to prevent daily operational issues from stalling platform progress.
Bachelor’s degree or higher in a quantitative discipline such as mathematics, statistics, engineering, computer science, or finance. CFA, FRM, or PRM designations are highly desirable.
5+ years of experience in quantitative support, risk analytics, or sophisticated data operations roles within the financial industry, with a track record of delivering high-quality analytics.
Proven experience with market risk models from leading vendors such as Barra, Axioma, Northfield, and Bloomberg.
Comprehensive understanding of financial data, security analytics, and pricing across equities, bonds, and derivatives.
Strong analytical capabilities with a demonstrated ability to comprehend large datasets and implement effective quality controls.
Proficiency in SQL, Python, Snowflake, and/or Oracle, with hands-on experience in data frameworks, anomaly detection methods, and automation workflows to systematically flag output errors.
Demonstrated leadership in team environments, including mentoring junior associates and driving process improvements.
Outstanding communication skills, with experience collaborating across technical, investment, and senior leadership teams to translate complex quantitative concepts into clear actions.
The Portfolio Risk Platform & Analytics team is an integral part of the Quantitative Research and Investments (QRI) division in Asset Management. QRI is responsible for the management and development of quantitative investment strategies and solutions while providing high-quality quantitative, data-driven support to Fidelity’s fundamental investment professionals, ensuring they have access to the most relevant data and advanced quantitative analysis.
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.
The base salary range for this position is $140,000-285,000 USD 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.
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.
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