Quantitative Analyst - Private Assets
About the position The Department Strategic Advisers, LLC (SAI) is a registered investment advisor and wholly owned subsidiary of FMR LLC that provides investment management services to clients through Fidelity's retail and institutional distribution channels. For more than 35 years, SAI has specialized in the design, construction and management of asset allocation solutions, as well as the methodologies for many of Fidelity's investment planning tools, to help investors reach their financial goals. With over to $1 trillion in assets under management in a blend of Fidelity and third-party investment vehicles, the SAI team of investment professionals constructs and manages asset allocation portfolios for more than 3.5 million customer accounts. The Role We're seeking a Quantitative Analyst to join our Private Markets Investment Team. In this role, you will support our expanding private market offerings by developing quantitative models and data-driven analyses that inform the management of private asset funds. You'll collaborate within the investment organization to support our growing private market strategies. Projects will focus on liquidity management, portfolio construction, and risk modeling, employing large-scale datasets and statistical techniques to enhance decision-making. Ideal candidates are intellectually curious, collaborative, and skilled in quantitative modeling, programming, and financial analytics. You should be able to translate investment needs into clear, actionable projects and communicate ideas effectively to diverse audiences. This is a dynamic opportunity within a rapidly expanding business, suited for someone with an entrepreneurial attitude.
Responsibilities
- Build and maintain cash flow forecasting models at fund and security levels across private asset classes.
- Design liquidity management frameworks to optimize capital calls, distributions, deal flow, and credit line usage.
- Create rebalancing strategies that account for liquidity constraints, fund schedules, and client fairness.
- Provide rebalancing guidance under varying market conditions, including DIY investor support.
- Enhance and integrate private asset risk models into enterprise systems; validate against third-party models.
- Conduct custom risk analyses (e.g., stress tests, scenario analysis) to inform investment decisions.
- Contribute to the design of a private asset risk framework and its impact on portfolio construction.
Requirements
- 5+ years of experience in quantitative investment research (e.g. portfolio optimization, portfolio construction, and risk modeling) roles, specifically for a multi asset class investment processes.
- Demonstrated ability to conduct independent empirical research and a willingness to identify and present new research ideas.
- Graduate degree in a related field (Finance, Engineering, Statistics, Mathematics, etc.) preferred
Nice-to-haves
- Quantitative research experience in private markets is a plus.
- CFA or CAIA is a plus.
Benefits
- 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.
- 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.
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