What are the responsibilities and job description for the Manager, Quantitative Analysis– Model Assurance Testing & Controls position at Fidelity Investments?
Job Description
Note: Fidelity will not provide sponsorship for this role.
The Role
As a Manager of Quantitative Analysis within the Model Assurance, Testing & Controls team, you will play a critical role in safeguarding the firm and its clients by ensuring the integrity, reliability, and effectiveness of models used to detect and prevent financial crime. You will be leading technical initiatives that enable and streamline Model Risk Management (MRM) reviews and supporting development that upholds principles of transparency, reproducibility, and sound model design. Work with us to uphold strong standards in financial crime prevention.
Key Responsibilities
Your Python skills, combined with your experience with Snowflake and other database platforms, make you a significant contributor. You have a firm grasp of statistical modeling and machine learning ideas along with a familiarity of MRM principles and regulatory requirements. You’re looking to apply your cryptocurrency and blockchain technology experience to risk controls, ensuring transactions remain safe, compliant, and customer focused. You’re eager to learn and apply large language models (LLMs) along with traditional development approaches to boost productivity. Your capacity to handle several projects effectively and your strong analytical and problem-solving skills are essential for this position.
Our Financial Crimes Models & Analytics team within Fidelity’s Enterprise Compliance group is dedicated to protecting our clients and company from financial crimes. We build, develop, and improve detection models, employing machine learning and advanced technologies. By partnering with colleagues across Fidelity, we compose data solutions that support our Financial Crimes Compliance programs. Our dedication to accuracy, regulatory requirements, and robustness ensures our models are world-class, reliable, and effective. Join us in our relentless pursuit of excellence and innovation!
The base salary range for this position is $97,000-185,000 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.
Most roles at Fidelity are Hybrid, requiring associates to work onsite every other week (all business days, M-F) in a Fidelity office. This does not apply to Remote or fully Onsite roles.
Certifications
Category:
Information Technology
Note: Fidelity will not provide sponsorship for this role.
The Role
As a Manager of Quantitative Analysis within the Model Assurance, Testing & Controls team, you will play a critical role in safeguarding the firm and its clients by ensuring the integrity, reliability, and effectiveness of models used to detect and prevent financial crime. You will be leading technical initiatives that enable and streamline Model Risk Management (MRM) reviews and supporting development that upholds principles of transparency, reproducibility, and sound model design. Work with us to uphold strong standards in financial crime prevention.
Key Responsibilities
- Crafting automated back-testing frameworks to evaluate machine learning models
- Collaborating with cross-functional teams to strengthen governance and controls
- Providing domain expertise in quantitative methods and help advance continuous improvement of model assurance practices
Your Python skills, combined with your experience with Snowflake and other database platforms, make you a significant contributor. You have a firm grasp of statistical modeling and machine learning ideas along with a familiarity of MRM principles and regulatory requirements. You’re looking to apply your cryptocurrency and blockchain technology experience to risk controls, ensuring transactions remain safe, compliant, and customer focused. You’re eager to learn and apply large language models (LLMs) along with traditional development approaches to boost productivity. Your capacity to handle several projects effectively and your strong analytical and problem-solving skills are essential for this position.
- BS/BA or MS/MA degree in quantitative finance, Statistics, Mathematics, Computer Science, or related field, or equivalent experience.
- Skilled in writing and understanding SQL across multiple database types, with an emphasis on Snowflake. Familiarity with SnowSQL and Snowpark for data handling and replication is a plus.
- Experience with Python for data analysis, automation, and testing frameworks.
- Knowledge of principles related to managing model risk and regulatory guidelines is a plus.
- Excellent analytical, problem-solving, and communication skills.
Our Financial Crimes Models & Analytics team within Fidelity’s Enterprise Compliance group is dedicated to protecting our clients and company from financial crimes. We build, develop, and improve detection models, employing machine learning and advanced technologies. By partnering with colleagues across Fidelity, we compose data solutions that support our Financial Crimes Compliance programs. Our dedication to accuracy, regulatory requirements, and robustness ensures our models are world-class, reliable, and effective. Join us in our relentless pursuit of excellence and innovation!
The base salary range for this position is $97,000-185,000 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.
Most roles at Fidelity are Hybrid, requiring associates to work onsite every other week (all business days, M-F) in a Fidelity office. This does not apply to Remote or fully Onsite roles.
Certifications
Category:
Information Technology
Salary : $97,000 - $185,000