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Closed on August 14, 2026.
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Principal Quant Developer
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Job Description
The Principal Quant Developer will join Fidelity Investments QRIT team to design, build, enhance, and support a portfolio optimization and backtesting ecosystem, working hands-on alongside software engineers and quantitative developers.
Location
Smithfield, RI (onsite)
Salary
USD 107,000 - 216,000 per yearly
Experience and Education
Minimum of 7 years of professional experience in financial services, with asset management experience preferred.
Education: Bachelor’s degree; Master’s degree preferred.
Responsibilities
- Collaborate with quantitative research and investments teams to design, build, enhance, and support a comprehensive portfolio optimization and backtesting ecosystem.
- Engage in hands-on development in partnership with a team of software engineers and quantitative developers.
Requirements
- Minimum 7 years of professional experience in financial services, with asset management experience preferred.
- Experience leveraging industry-scale optimization libraries such as Matlab Linear, Gurobi, Cplex, Axioma, and SciPy.
- Proficiency in Python and microservices / RESTful APIs.
- Proven ability to design highly scalable and low latency systems.
- Experience with AWS cloud environment and working knowledge of CI/CD and DevOps.
- Strong expertise in system architecture, design patterns, and software engineering fundamentals including OOP, functional programming, and data modeling.
- Advanced understanding of data structures.
- Portfolio construction and/or portfolio optimization experience is a plus.
- Proven ability to capture requirements and formulate plans by partnering with stakeholders across the organization.
- Strong communication, interpersonal, and relationship-building skills to influence decisions across Fidelity at all levels.
- Bachelor’s degree in a computational field such as Computer Science; Master’s degree is preferred.
Technologies
- Python
- Matlab Linear
- Gurobi
- Cplex
- Axioma
- SciPy
- RESTful APIs
- Micro-services
- AWS
- CI/CD
- DevOps
Benefits
- Comprehensive health care coverage and emotional well-being support
- Market-leading retirement
- Generous paid time off and parental leave
- Charitable giving employee match program
- Educational assistance including student loan repayment, tuition reimbursement, and learning resources to develop your career
Category
Information Technology
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