With over $460 billion in assets under management, Fidelity's Global Asset Allocation division (GAA) is a leading provider of asset allocation solutions for retail and institutional clients. The range of investment solutions includes target date funds, target allocation funds, income and real return strategies, world allocation funds, managed volatility strategies, and custom institutional solutions.
Asset Allocation Research
The Asset Allocation Research Team (AART) consists of 12 research analysts in Boston, Massachusetts reporting to the Director of Research. AART applies leading-edge thinking from the financial, economic and decision sciences to address asset allocation research challenges. Our aim is to drive innovation in asset allocation and support Fidelity's multi-asset class investment solutions on both a strategic and dynamic time horizon. This process is a critical input to Fidelity multi-asset class investment performance.
Reporting to the AART team leader, you will be a key member of the Asset Allocation Research Team (AART) research effort to build systematic analytical processes that begin at the micro level but aggregate into unique insights into asset allocation. You will have a diverse set of duties and will work across the team as well as reciprocally across Fidelity's asset management organization. Your skills will be applied to better understand our customers, financial markets and their links with the macro economy.
Primary responsibilities include spearheading efforts to convert Fidelity's extensive demographic and financial data about market participants into relevant and significant insights into participant attributes and needs, financial and economic implications, and strategic portfolio design. This position requires an ability to deal with, organize and combine large, diverse and unstructured datasets, as well as familiarity with the use and development of software tools utilized in the analysis of such datasets.
Fields of inquiry most useful for this role include economics, mathematics and statistics, computer science, demography, psychology, sociology, public policy, and finance. In addition to this broad skill set, the ideal candidate would be a self-starter able to bring multiple perspectives to bear on problems and capable of managing a wide variety of responsibilities and tasks. This position requires excellent project management skills and a validated ability to work collaboratively to get results.
Developing extreme facility with Fidelity's extensive demographic and financial datasets and harnessing those for further improvement of client outcomes.
Building state-of-the-art models to develop unique insights on how client demographics in combination with macro policies and financial system structures impact micro and macro realities.
Using behavioural science insights to help develop unique, custom asset allocation solutions.
Working with the portfolio construction team to evolve and refine the ongoing strategic portfolio design efforts. Includes regular interaction with portfolio management and product teams.
Communicating regularly within Fidelity's Strategic Advisers (SAI) and Global Asset Allocation (GAA) on insights and recommendations.
Working collaboratively across multiple investment teams to assure outcomes across GAA, SAI and asset management generally.
Background in economics/finance with a focus on quantitative methods and data analytics.
Proficiency with cross-sectional and panel data econometrics and machine learning methods for economics/finance.
Proven ability to combine broad ranging skills into coherent insights (Ph.D. or equivalent applied experience).
Strong project management skills and record of success across projects of varying size/complexity required.
Proficiency with econometric software (Stata/SAS), database manipulation (SQL), and coding (Python/R/Matlab).
Teammate with excellent interpersonal skills
Excellent written and verbal communication skills
Strong intellectual curiosity and strong personal and professional integrity
Dedication to building a career at Fidelity and within the Global Asset Allocation division
At Fidelity, we are focused on making our financial expertise broadly accessible and effective in helping people live the lives they want from the 23 million people investing their life savings, to the 20,000 businesses managing their employee benefits programs, to the 10,000 advisors and institutions needing innovative technology solutions to invest their clients' money. To do this well, as a privately held company, we place a high degree of value in nurturing a work environment that attracts the best talent and reflects our commitment to being an employer of choice. For more information about Fidelity Investments, visit www.fidelity.com.
Fidelity Investments is an equal opportunity employer.