Job Description:
The Group
Headquartered in Boston, the High Income & Alternatives group has more than $100B in assets under management (AUM). The group's AUM are invested "across the capital structure," including in high yield bonds, leveraged loans, convertible bonds, alternative credit, and equities. Fundamental research is the foundation of the group's investment process.
The Role
We are seeking an experienced Senior Bank Loan Trader for the High Income and Alternatives Trading Team. The ideal candidate will be responsible for trading bank loans, providing insights on markets, strategizing on liquidity and execution, and have a deep understanding of collateralized loan obligations (CLOs). This role requires expertise of loan market dynamics, strong analytical skills, and the ability to build and maintain relationships with portfolio managers, analysts, counterparties, and other stakeholders.
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The Value You Deliver
- Execution capabilities within bank loans, with the main focus on the secondary market, but expertise in primary is also required.
- Develop and implement trading strategies to maximize portfolio performance, including sophisticated portfolio trading, market structure, and electronic execution.
- Have a deep understanding of credit analysis, capital structure, LME, and relative value.
- Be a key team member in the CLO issuance effort, providing strategy and insights.
- Monitor market trends, economic indicators, and industry developments, communicating insights to the investment teams.
- Maintain and enhance relationships with institutional clients, brokers, and other market participants.
- Collaborate with the research, risk management, and compliance teams to ensure adherence to regulatory requirements and internal policies.
- Work closely with the operations team to ensure timely and efficient settlement.
The Experience and Skills You Bring
- Bachelor's degree in Finance, Economics, Business, or a related field; MBA or CFA preferred.
- Minimum of 7 years of experience in bank loan trading or a related role.
- Strong understanding of loan market structures, pricing, and risk management.
- Proven track record of successful trading and portfolio management.
- Excellent analytical, quantitative, and problem-solving skills.
- Strong communication and interpersonal skills.
- Ability to work in a fast-paced, high-pressure environment.
- Proficiency in trading platforms and financial software.
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.