About this role
Job Description:
Note: Fidelity will not provide immigration sponsorship for this position.
The Group
Strategic Advisers, LLC (SAI) is a registered investment advisor and Fidelity Investments Company that provides investment management services to clients through Fidelity's retail and institutional distribution channels. For more than 30 years, SAI has specialized in the investment management of managed accounts and other custom solutions to help investors reach their financial goals. With more than $1.4 trillion in assets under management in a blend of Fidelity and third-party investment vehicles, Fidelity's SAI is a leading provider of managed solutions for retail, workplace, and institutional clients.
The Team
The Separately Managed Account (SMA) Team is responsible for SMA model management, portfolio construction, management and trading of existing Fidelity's retail managed accounts in addition to developing, researching and launching new products and initiatives. We employ investment expertise, quantitative techniques and technical skills to further enhance the team's roles and responsibilities across single asset class portfolios for high-net-worth and mass affluent individuals and trusts.
The Role
The Senior Investment Manager will focus on reviewing discretionary client portfolios primarily invested in US and international equity portfolios, which are offered in standalone and sleeve forms as well as newer strategies like long/short offerings. The Senior Investment Manager will have a high degree of investment expertise to review and trade the tax-aware and non-taxable SMAs. In addition, this role will also provide tax-aware transition strategies and hypothetical account reviews for clients. You will play a significant role in SAI's next generation of sophisticated investment solutions which include custom multi-account investment management and asset location strategies.
Primary Responsibilities
Trade Execution
Long/Short equity account reviews and analysisEnhance long/short equity strategies and improve upon processesExecute daily equity trading activities across individual client portfolios for standaloneEnsure model alignment and liaise with operation teamsMonitor and maintain portfolio performance, execution and risk metricsDevelop and maintain relationships with internal trading partnersMonitor current events and gauge market reactions Portfolio Construction
Manage individual client portfolios utilizing complex portfolio construction techniques that involve optimization across different tax registration typesBe able to decipher and clearly understand the impacts on investment risk and return characteristicsDevelop a deep understanding of internal analyst and portfolio manager research on portfolio construction, and business cycle positioning to achieve superior pre- and after-tax returns consistent with the investment philosophyContribute to the broader investment philosophy and process for the strategyCollaborate with other parts of SAI and Fidelity, including Business Oversight, Portfolio Management, Research, Technology, and Operations to continually improve our model management process and implementation Qualifications
Experience/Education
Deep understanding of long/short equity investing, short selling and securities financeExtensive experience trading, articulating, or creating long/short equity strategiesBachelor's Degree required and emphasis in finance/accounting/economics subjects strongly preferredExisting or progress toward a professional designation or certification including, but not limited to CPA, CFP, CQF etc. a plus5+ years of meaningful investment experience in research, portfolio management, or trading Skills and Knowledge
Professional & Interpersonal
Ability to operate in a demanding environment with an adaptable skill set, creative problem-solving skills, and the ability to multi-task and work across many projectsExcellent oral and written communication skillsExtraordinary attention to detail, as well as great analytical skills that allow for independent judgement and conclusive reasoning while dealing with significant time constraintsAbility to work effectively on a collaborative team with a strong spirit of innovation, maintaining comfort in undefined environments Quantitative & Technical
Awareness of portfolio optimization tools and techniques like Axioma and risk models like BarraStrong quantitative analysis skills around oversight of portfolio holdings & risk exposuresSkilled using AI tools and techniques preferredExperience using FactSet or BloombergSkilled in advanced programming languages like R, Python and SQL strongly preferredComfort working with large datasets, using database tools and platforms as well as report and visualization platforms like Tableau Fidelity's Onsite Working Model Fidelity is transitioning to a full-time onsite working model through a phased rollout across regions and roles. Currently, some roles and locations require 100% onsite presence, while others require less. Onsite expectations are likely to evolve as the rollout continues. This transition does not apply to fully remote roles. The base salary range for this position is $150,000 - $250,000 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.
Certifications:
Category:
Investment Professionals