The Group
Fidelity Digital Asset Management [FDAM] is building an investment platform offering digital asset products and services designed to meet the growing needs of Fidelity’s retail customers and intermediary and institutional clients. The Investment Implementation team is a collaborative group proficient in off-chain and on-chain market structure, trading, liquidity venues, reconciliation and risk management. The team will work closely with Research, Investment Operations, Data Science and Risk across topics such as portfolio construction, rebalancing, collateral management, technology infrastructure and automating processes.
The Role
The Digital Assets Quantitative Trader will be an integral member of the FDAM team as a crypto derivatives specialist to expand the team’s capabilities. The trading team is responsible for executing and maintaining the exposures necessary to express investment views, markets research, and development of quantitative trading strategies involving derivatives. This role will require an individual to assist in the day-to-day for current products while building the operating platform and research to facilitate new capabilities and structured products.
The Value You Deliver
Manage the daily execution of digital asset funds and separate accounts.
Collaborate with research and technology on development and implementation of risk-managed and market neutral strategies, including operational and risk systems to support the activity.
Understand the downstream process of the trading desk (i.e. accounting, settlement, reconciliation) and communicate with the operations teams supporting those processes clearly and effectively to resolve daily issues.
Understand the legal and compliance issues that surround our trading process and the products that we trade. Have a clear grasp on how compliance matters affect trading and understand the escalation process.
Collaborate with Research, Operations and Risk teams to build tools to be used in the trading process.
The Education & Experience You Bring
4+ years of experience in researching and trading futures/perps, volatility or options-based strategies.
Ability to code and create scripts using Python/Pandas/SQL to build data-based tools and workflows to further systematize our approach to trading and risk management.
Experience with implementation of model-based investing strategies.
Advanced degree in Engineering, Statistics, Operations Research, or a closely related field is encouraged.
Obsessive attention to detail.
High level of intellectual curiosity.
Deep understanding of the digital asset ecosystem is a plus.
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.
Fidelity’s hybrid working model blends the best of both onsite and offsite work experiences. Working onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most hybrid roles require associates to work onsite every other week (all business days, M-F) in a Fidelity office.
We welcome those with experience in jobs such as Accounting Assistant, Controller, and Senior Accountant and others in the Accounting and Finance to apply.
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At Fidelity, we're on the cutting edge of digital finance, and we're looking for a Digital Assets Quantitative Trader to join our team in Suffolk County, MA. As a pivotal part of the Fidelity Digital Asset Management (FDAM) group, you’ll get the chance to dive deep into the world of digital assets and create innovative investment products and strategies that cater to our broad spectrum of clients. In this role, you'll collaborate closely with stellar teams across research, investment operations, and technology to implement risk-managed and market-neutral strategies. You’ll bring your trading expertise to execute and maintain a variety of digital asset funds, working to optimize exposure and refine our trading processes. A strong background in futures and options trading will serve you well as you build robust data-driven tools using Python, SQL, and Pandas to enhance our trading systems. We highly value curiosity and attention to detail, and you will be surrounded by like-minded individuals who share a passion for digital assets. We're proud to offer a competitive base salary ranging from $100,000 to $165,000 annually, complemented by a best-in-class benefits package. This is not just a job; it’s an opportunity to be part of something transformative in the financial world. So, if you are ready to innovate in the digital asset landscape with Fidelity, we can’t wait to meet you!
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