Job Description:
The Group
Fidelity is a global leader in Target Date solutions with over $600 billion in current AUM in the Fidelity Freedom Funds, 529 College Savings Plans and other related strategies. Our award-winning target date investment team is based in Boston and leverages the contributions of dozens of individuals, including four dedicated portfolio managers.
The target date team resides within the broader Fidelity Asset Management Solutions (FAMS) group, a leading provider of multi-asset class solutions for retail and institutional clients. The range of investment solutions includes target date funds, target allocations funds, income and real return strategies, world allocation funds, managed-volatility strategies and other custom institutional solutions. FAMS is also developing and managing a range of cross-asset liquid alternative strategies, including, risk parity, global macro-opportunities, arbitrage products, and option-based hedging strategies.
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The Value You Deliver
We are seeking a Portfolio Manager to join in managing all investment decisions for U.S. target date funds within a team-oriented framework.
Strategic asset allocation
- Responsible for making long-term investment decisions, including determining the glide path and strategic allocations for the portfolios.
- Provides investment insight and direction to a team of multi-asset researchers focused on strategic asset allocation.
- Contributes to the ideology and philosophy related to the strategic asset allocation of the funds and FAMS more broadly.
- Understands the long-term drivers of risk, return, and diversification in global asset classes.
- Utilizes both fundamental and quantitative frameworks and decision processes.
Active asset allocation
- Responsible for active allocation decisions relative to the benchmark, emphasizing mispriced assets over shorter time horizons.
- Responsible for idea generation and implementation of alpha-generating investment decisions across the target date suite.
- Comfort with risk measurement systems and implementation of active views within a risk budget.
- Contributes to the active allocation investment process. Works closely and collaborates with the research organization to establish the research agenda supporting active asset allocation decisions.
- Applies a risk discipline consistent with managing institutional multi-asset portfolios.
Manager selection and portfolio construction
- Responsible for constructing portfolios primarily using a fund-of-funds approach, including selection of strategies and managers, supplemented by exposure to ETFs and futures.
- Collaborates with the manager research team to establish the research agenda supporting manager and mandate decisions.
- Establishes and maintains relationship with CIOs across the equity/bond organization communicating on current/future mandate needs.
The Expertise and Skills You Bring
10+ years of investment experience paired with industry relevant academic and/or professional credentials. A master's degree and/or completion of or progress towards a CFA are highly preferred. Additionally, you possess:
- Clearly defined investment process and demonstrated experience managing portfolios across and/or within global asset classes (i.e., stocks, bonds, currencies, commodities, alternatives).
- Experience making strategic investment decisions in the context of lifecycle investing or other diversified portfolios.
- Experience with security selection and derivatives implementation of active views.
- Experience with multi-asset class risk frameworks and infrastructure, utilizing returns-based and holdings-based information.
- Experience with multivariate statistics, actuarial mathematics, and data science.
- Experience representing investment products with clients, consultants, media, and other institutional audiences.
- Strong leadership skills.
- High attention to detail.
- Track record of working in high functioning teams.
- Exceptional written and verbal communication skills.
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.