The Role

The Structured Credit Research Analyst will evaluate and manage investments in structured credit products, including MBS, ABS, and CLOs. The ideal candidate will leverage their deep understanding of structured finance markets to provide actionable insights and contribute to all phases of the investment process, from sourcing, through underwriting and negotiation, to investment realization.

The Value You Deliver

• Support investment activities in public and private structured credit investments. Perform in-depth collateral and credit analysis and on-going monitoring of RMBS, ABS, and structured corporate credit securities such as CLOs and private debt rated feeders.
• Source and perform initial screening of potential investments; participate in marketing calls.
• Conduct due diligence, negotiate terms, and develop quantitative models for underwriting and stress testing investments suitable for Fidelity funds and clients.
• Communicate investment recommendations through detailed investment reports and presentations.
• Contribute to internal publications, providing market updates, marketing insights, and funds reporting.
• Identify market trends and regulatory changes impacting structured finance.

The Expertise and Skills You Bring

• Bachelor's degree in finance, economics, or a related field; advanced degree or CFA designation preferred.
• 3-5 years of direct experience in the securitized products markets.
• Proficiency in RMBS security analysis is essential, with additional experience in ABS, CLOs, and/or other structured products highly desirable. Previous experience in structuring, trading, or research at an investment bank, or in investing in securitized assets at an investment manager, is required.
• Comprehensive understanding of structured finance markets, including issuers' business models, roles of service providers, rating methodologies, and key drivers of security/asset performance.
• Solid understanding of securitization structures. Proven ability to generate collateral performance assumptions, evaluate credit risks and negotiate deal terms.
• Strong skills in fixed income mathematics; comfortable running bonds through Intex and Bloomberg. Proficiency in data analysis tools (SQL, Tableau, etc.), and advanced programming skills are a plus.
• Exceptional analytical, communication, and presentation skills, with strong attention to detail.
• Ability to collaborate effectively in a team environment, working closely with analysts, portfolio managers, and cross-functional teams. A high level of integrity is essential.

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. Having the majority of our associates work onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most roles listed as Hybrid will require associates to work onsite all business days of every other week in a Fidelity office. This does not apply to roles listed as Remote or Onsite.

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.