Job Description:
The Department
Fidelity's Fixed Income Division is one of the world's leading fixed income managers with over $1.8 trillion in fixed income assets managed by a staff of more than 200 investment professionals. At Fidelity, we combine fundamental research on debt issuers with macroeconomic and quantitative analysis to develop investment decisions that aim to maximize risk-adjusted total return for our clients. The Fixed Income Division is headquartered in Merrimack, New Hampshire, and has a team of more than 20 associates located in Fidelity's London office.
The Role
The successful candidate will join the Municipal Research Group as an analyst, covering one or more municipal credit sectors with a primary emphasis on revenue-backed credits. The successful candidate's coverage assignment will include a significant focus on credits rated 'bbb' and below, as well as core investment-grade credits. At Fidelity, analysts interact daily with the municipal portfolio managers and traders and play a vital role in determining the investment performance of the municipal funds. Analysts are highly valued, core members of the research and investment teams (which also include portfolio managers and traders) and actively participate in making investment decisions. The Fidelity municipal team manages approximately $86 billion of assets across bond funds, money market funds, and separately managed accounts.
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The Expertise and Skills You Bring
The ideal candidate will have demonstrated experience and interest in municipal credit analysis. Applicants should be prepared to demonstrate an ability to identify and analyze relevant credit factors affecting municipal issuers, to form cohesive credit opinions and to communicate investment recommendations effectively to a broader investment team. At least 5 years of prior relevant municipal credit experience is preferred. The analyst will be responsible for managing a high volume of work flow, documenting investment recommendations and monitoring securities that may be held by Fidelity funds as well as opportunities in the broader market.
Additionally, the ideal candidate will have the following qualifications and attributes:
- Bachelor's degree
- Advanced degree (e.g. MBA or MPA) is relevant but not required
- At least 5 years of relevant experience as a municipal credit analyst
- Well-developed relative value ability
- Demonstrated success making fixed income investment recommendations
- Ability to work collaboratively on a team of investment professionals
- Strong analytical and critical thinking skills
- Excellent oral and written communication skills
- Good time management ability
- Flexibility and skill in handling the demands of a broad and diverse coverage load
- Ability to think creatively, work collaboratively and make decisions quickly, often with limited information
- An ability to engage with quantitative and portfolio analysis
- The ability to develop and present investment ideas and investment information in a clear and effective way
- A high level of enthusiasm for discovering and responding to new investment opportunities
- The confidence and the maturity to lead meetings internally and externally
- Exhibit the highest level of personal and professional integrity
Certifications:
Company Overview
Fidelity Investments is a privately held company with a mission to strengthen the financial well-being of our clients. We help people invest and plan for their future. We assist companies and non-profit organizations in delivering benefits to their employees. And we provide institutions and independent advisors with investment and technology solutions to help invest their own clients' money.
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 top 10 Best Place to Work in 2024. 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).
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, detailed in this document, 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.
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.