Manager, Quantitative Analysis– Model Assurance Testing & Controls
at Fidelity Investments
Posted 6 days ago
No clicks
- Compensation
- $97,000 – $185,000 USD
- City
- Not specified
- Country
- United States
Currency: $ (USD)
Lead the development of automated back-testing frameworks for machine learning models within Fidelity's Model Assurance, Testing & Controls team. Collaborate across functions to strengthen governance and controls while advancing quantitative methods in model risk management. Apply Python and SQL (Snowflake) skills to evaluate models, promote transparency, reproducibility, and regulatory alignment, and support continuous improvement of model assurance practices. Fidelity notes that sponsorship will not be provided for this role.
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
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
The Expertise and Skills You Bring
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.
The Team
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 TechnologyCompany overview
At Fidelity, we are passionate about making our financial expertise broadly accessible and effective in helping people live the lives they want! We are a privately held company that places a high degree of value in creating and nurturing a work environment that attracts the best talent and reflects our commitment to our associates. We are proud of our diverse and inclusive workplace where we respect and value our associates for their unique perspectives and experiences. For information about working at Fidelity, visit FidelityCareers.com. Fidelity Investments is an equal opportunity employer. Fidelity will reasonably accommodate applicants with disabilities who need adjustments to complete the application or interview process.
AI Guidelines
Learn about our guidelines for use of AI when applying for a Fidelity job
If you would like to request an accommodation, please contact us at:
Apply
About Fidelity
Join us
At Fidelity, you’ll find endless opportunities to build a meaningful career that positively impacts peoples’ lives, including yours. You can take advantage of flexible benefits that support you through every stage of your career, empowering you to thrive at work and at home. Honored with a Glassdoor Employees’ Choice Award, we have been recognized by our employees as a Best Place to Work in 2026. And you don’t need a finance background to succeed at Fidelity—we offer a range of opportunities for learning so you can build the career you’ve always imagined.
Fidelity's working model blends the best of working offsite with maximizing time together in person to meet associate and business needs. Currently, most hybrid roles require associates to work onsite all business days of one assigned week per four-week period (beginning in September 2024, the requirement will be two full assigned weeks).
We invite you to Find Your Fidelity at fidelitycareers.com.
Fidelity Investments is an equal opportunity employer. We believe that the most effective way to attract, develop and retain a diverse workforce is to build an enduring culture of inclusion and belonging.
Fidelity will reasonably accommodate applicants with disabilities who need adjustments to participate in the application or interview process. To initiate a request for an accommodation, contact the HR Accommodation Team by sending an email to accommodations@fmr.com, or by calling 800-835-5099, prompt 2, option 3.
At Fidelity, we value honesty, integrity, and the safety of our associates and customers within a heavily regulated industry. Certain roles may require candidates to go through a preliminary credit check during the screening process. Candidates who are presented with a Fidelity offer will need to go through a background investigation and may be asked to provide additional documentation as requested. This investigation includes but is not limited to a criminal, civil litigations and regulatory review, employment, education, and credit review (role dependent). These investigations will account for 7 years or more of history, depending on the role. Where permitted by federal or state law, Fidelity will also conduct a pre-employment drug screen, which will review for the following substances: Amphetamines, THC (marijuana), cocaine, opiates, phencyclidine.
Benefits that adapt to everything life sends your way
401(k) with company match
Medical, dental, vision and prescription drug coverage
16-week maternity leave & 12-week parental leave
Student loan assistance
Fidelity is invested in you
Committed to Professional Development
At Fidelity, we are constantly adapting to the changing needs of our customers, new technologies, and better ways of working. And we empower our employees to do the same, with an emphasis on developing skills and connections that will help propel you forward in your career while being able to make an impact for Fidelity’s customers around the world.
We offer a wide range of options for professional development including online, in-person, and mentor driven solutions. Special interest and networking groups are also part of our culture of empowerment, personal and professional enrichment, diversity and inclusion, and knowledge sharing.
Continuing Education & Training
- Assess, build, and align your development plan through resources like our skill-building classroom and online courses.
- Video-based training for technology, leadership, management & more.
- Ongoing skills development and coaching opportunities.
- Paid training with a facilitator who is dedicated to your onboarding and will track and evaluate your progress, giving you strategies to improve.
- A range of talent development programs to support career mobility.
Mentoring
- Utilize the skills of experienced leaders to enrich your career.
- Dedicated mentors to help you grow into new areas of Fidelity’s business as you develop new skills.
- An open atmosphere of knowledge sharing and collaboration.
- Opportunities to pay it forward, sharing the knowledge you develop and as you help others define how they want their career to take shape.
Our Commitment
Discover opportunities to build a fulfilling career within a supportive culture that celebrates individuality. We empower our associates to pursue career paths that align with their unique goals and personalities.
Giving back to our communities
Throughout Fidelity, you’ll find a genuine commitment to social responsibility – where we strive to make an impact for customers, while also making an impact on the world.
Fidelity Cares
- Provides associates with opportunities to actively volunteer and share their talents.
- Hosts numerous company-wide volunteer events (in-person and virtual).
- Partners with nonprofit organizations to support our local communities.
- More than 12,500 associates donate time annually – from interns to SVPs.
- Impact includes refurbishing schools, donating books and supplies, and teaching financial literacy.
Fidelity Charitable®
- Created to make it easy for people to support charitable organizations they care about.
- Helped deliver $14.9billion in donor-recommended grants to charity in 2024.
- Supported more than 433,000 unique charities around the world.
- Since its inception, more than $100 billion has been given to public charities.
Technology careers at Fidelity
Imagine and create the next generation of financial products and tools.
