Skip to main contentA logo with &quat;the muse&quat; in dark blue text.

Portfolio Manager, Systematic High Yield

AT Fidelity Investments
Fidelity Investments

Portfolio Manager, Systematic High Yield

Boston, MA

Job Description:

Systematic High Yield Portfolio Manager

This position will be a part of the Systematic Fixed Income Strategies, a division of Quantitative Research & Investments team (QRI) of Fidelity Management and Research Company. In this role, the candidate will be responsible for implementation of active credit systematic strategies with focus on high-quality execution and transparency. The successful candidate will work closely with research and trading to ensure systematic strategies are applied to the portfolios accurately and in line with portfolio guidelines and risk budgets. The candidate will also contribute to the design and development of active systematic strategies through alpha idea generation and research into execution methods for implementation alpha. Successful candidate will also help develop analytics, reports, tools, and framework to attribute performance, monitor risks and improve execution.

Want more jobs like this?

Get jobs delivered to your inbox every week.

Select a location
By signing up, you agree to our Terms of Service & Privacy Policy.


QRI is responsible for the management and development of new quantitative strategies and solutions while providing high quality quantitative, data-driven support to Fidelity's investment professionals, ensuring they have access to the most relevant data and advanced quantitative analysis. The investment and research team dedicated to Systematic Fixed Income is responsible for the research, design, development, and implementation of systematic active Fixed Income strategies.

Responsibilities

  • Daily management and re-balancing of portfolio investments and cash flows in a risk-controlled manner.
  • Help design and enhance active credit systematic investment strategies by identifying new investment insights and research low-cost implementation methods.
  • Design and develop analysis and monitoring tools to achieve best practices in all aspects of the investment process. (Portfolio Construction/Risk Management/Attribution/Transaction Cost Analysis).
  • Working closely with Fidelity Trading team to ensure optimal execution and be a leader towards building the future state of trading workflow.
  • Ensure that all portfolios are managed to the highest fiduciary standards
  • Perform cash management processes and derivative life-cycle events
  • Effectively collaborate with researchers and portfolio managers across the rest of Fidelity.

Qualifications

  • Advanced degree in Engineering, Physics, Mathematics, Economics, Finance, Computer Science, or other quantitative discipline.
  • At least 5-10 years of working experience in building and managing portfolios, portfolio optimization, construction tools, investment processes etc.
  • Portfolio Management or Trading experience with one or more Credit Instruments (Corporates/CDS/CDX/Bank Loans; HY/EM)
  • Strong knowledge of fixed income markets, instruments, and analytics.
  • Experience with financial packages and portfolio management tools (e.g., Bloomberg and electronic trading platforms)
  • Aptitude with programming languages (e.g., Python, MATLAB, SQL, VBA) and relational databases. Coding experience preferred, especially in Python
  • Very strong interpersonal and verbal communication skills and eagerness to work in a team environment

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 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 all business days of every other week in a Fidelity office.

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.

Client-provided location(s): Boston, MA, USA; San Francisco, CA, USA; Jersey City, NJ, USA
Job ID: Fidelity-2095413
Employment Type: Other

Perks and Benefits

  • Health and Wellness

    • Health Insurance
    • Dental Insurance
    • Vision Insurance
    • Life Insurance
    • Short-Term Disability
    • Long-Term Disability
    • FSA
    • HSA
    • HSA With Employer Contribution
    • Fitness Subsidies
    • On-Site Gym
    • Pet Insurance
    • Mental Health Benefits
    • Virtual Fitness Classes
  • Parental Benefits

    • Birth Parent or Maternity Leave
    • Non-Birth Parent or Paternity Leave
    • Fertility Benefits
    • Adoption Assistance Program
    • Family Support Resources
    • Adoption Leave
  • Work Flexibility

    • Flexible Work Hours
    • Remote Work Opportunities
    • Hybrid Work Opportunities
  • Office Life and Perks

    • Commuter Benefits Program
    • Casual Dress
    • Snacks
    • Company Outings
    • On-Site Cafeteria
    • Holiday Events
  • Vacation and Time Off

    • Paid Vacation
    • Paid Holidays
    • Personal/Sick Days
    • Leave of Absence
  • Financial and Retirement

    • 401(K)
    • 401(K) With Company Matching
    • Company Equity
    • Performance Bonus
    • Relocation Assistance
    • Financial Counseling
    • Profit Sharing
  • Professional Development

    • Tuition Reimbursement
    • Promote From Within
    • Mentor Program
    • Shadowing Opportunities
    • Access to Online Courses
    • Lunch and Learns
    • Internship Program
    • Work Visa Sponsorship
    • Leadership Training Program
    • Associate or Rotational Training Program

Company Videos

Hear directly from employees about what it is like to work at Fidelity Investments.