Principal Quant Developer
Boston, MAFull-time$107–216K/yrPosted 1w agoStill listed 2 days ago
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At a glance
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Job overview
The Principal Quantitative Developer is embedded in Fidelity’s quantitative research team, partnering with investment teams on portfolio construction, risk management, and alpha research. The role develops, runs, and supports quantitative tools in a cloud environment, contributing robust analytical software to improve investment processes. It also supports research teams in developing models and products for investment management and new product development.
Skills & qualifications
Skills
Qualifications
Benefits
Full job description
Fidelity will not provide immigration sponsorship for this position.
Job Description:
The Role A Principal Quantitative Developer is a core software engineering role in our dynamic, fast-paced quantitative development team. You will be embedded within the quantitative research team, and you will be partner with the investment teams on various projects including portfolio construction, risk management, and alpha research. You will contribute to building high quality, robust, and efficient analytical software solutions that will be used to improve investment processes. You and tour team will be responsible for developing, running, and supporting various Quantitative Tools in cloud environment and communicate the same with customers. Responsibilities will include:
- Lead/Own the implementation of a research project through the entire software development lifecycle applying a full-stack implementation.
- Intuitively apply advanced analytics and quantitative concepts to support investment needs and develop new solutions.
- Add scale, reliability, and repeatability to research through software development standard methodologies.
- Assist Research teams in developing new models and products that will provide an advantage to the organization in the marketplace.
- Thoughtfully apply sophisticated analytics and quantitative concepts to support investment needs and develop new solutions.
- Adaptive and effective team player with strong collaboration
The Expertise & Skills You Bring
- Bachelor's degree (or above) in a quantitative or computational field such as Statistics, Computer Science or Applied Mathematics
- 8 plus years of experience in complex software development and working with investment professionals
- Deep understanding and implementation of software excellence concepts (Reliability, Extendibility, Resiliency, Flexibility, Pluggability, Intuitive Problem Solving, Risk mitigation, Tech debt, Scope, Estimation, Quality, CI/CD, Unit testing, Functional testing, Load testing, Parallel Processing, Resource Synchronization, Performance, Monitoring, Alerts, Logging, Tracing, Observability, Supportability etc.)
- Advanced Experience in Analytical/Software Engineering skills including Python, Java, SQL and Linux.
- Sophisticated understanding of quantitative techniques and methods, statistics, and econometrics – including probability, linear regression, and time series data analysis
- Own the implementation of a research project through the entire software development lifecycle applying a full-stack implementation.
- Substantial Experience with AWS cloud environment development and deployment is a plus.
- Good experience in either equities, fixed income, or alternative asset classes
- Consistent track record in hands-on ‘development ownership’ of complex software solutions.
- Ability to effectively connect with multiple partners, including fundamental and quantitative researchers, divisional partners and senior management
- Thrive in working with fast-paced competing requirements and effectively delivering business needs
The Team The Advanced Strategies and Research Quant Development team (ASR Quant Dev) is part of Asset Management’s Quantitative Research and Investment Technology group that partners with various investment teams and projects. We build and ‘own’ high quality, robust, adaptive, resilient solutions that are critical to investment management, quantitative analysis, and new product development.
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 $107,000-216,000 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.
Certifications:
Category:
Information Technology
How this job compares
Set against the 41,590 open Software Engineer jobs on Olive Jobs, counted November 4, 2026.
- Pay
- This posting$107–216K/yr
- Massachusetts median$140–210K/yr983 salary ranges
- US median$135–217K/yr33,188 salary ranges
This range's midpoint, $162K, is 5% below the Massachusetts median midpoint ($170K) — in the middle half of Software Engineer salary ranges in Massachusetts.
- Openings
- Olive Jobs lists 1,154 open Software Engineer jobs in Massachusetts and 41,590 across the US. 7% of them nationwide are listed as remote or flexible.
- Hiring the most in Massachusetts
- Amazon90 open
- Oracle84 open
- RTX Corporation56 open
- Experience
- This posting asks for at least 8 years of experience — more than three in four Software Engineer postings that state a minimum ask for (median 5 years, across 33,797 postings).
- Education
- 14,295 of the 41,590 open Software Engineer jobs (34%) ask for a bachelor's degree or higher.
Counted across the open, public US postings on Olive Jobs on November 4, 2026. Pay medians are the middle values of the low ends and of the high ends of postings that list both ends of a range in the same cadence (a yearly salary or an hourly rate); a range's midpoint is halfway between its ends. Pay and experience figures resting on fewer than 20 postings are left out.
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