Job Description:
Business Division
Fidelity Investments has more than $ 2.2 trillion in equity assets under management and, with its roots dating back to the 1940s, has long been a leader in managing equity portfolios. Fidelity relies on its proprietary research, disciplined portfolio management and sophisticated trading process to deliver superior long-term results for its shareholders and clients. Over the years, its capabilities have grown substantially, with investment strategies designed across style, capitalization, sector, and geography. While its platform has expanded, its principles have remained the same: to offer those strategies in which Fidelity can add value and to offer products that help meet client needs. The Portfolio Services Group (PSG) is part of the Global Equity Trading team and acts as a liaison between fund managers, trade operations teams, and internal partners.
The Position
Based in Boston, we are seeking a candidate to join the Portfolio Services Group (PSG) to support and partner with various teams within the organization. The Portfolio Services Team sits at the intersection of Portfolio Management, Compliance, Operations and Equity Trading and is responsible for delivering a consistent high level of service to the investment professionals across the globe.
Position & Responsibilities
- Create trades lists to assist PMs with cash management and shareholder activity.
- Work with trading desk to provide PMs with liquidity and cost analysis for portfolio rebalances.
- Partner with CIOs to manage the sector focused sleeves portfolios within domestic, international and emerging markets equity teams.
- Manage and optimize portfolio holdings across active ETF products.
- Partner with Global Product Solutions (GPS), Client Services, and external transition managers on client cash and in-kind securities transitions.
- Monitor multi-currency balances and oversee active foreign currency balance management program.
- Work closely with teams from Product and Investment Management on new fund launches and fund restructurings.
- Partner with internal partners (GAA and SAI) to implement monthly glide path and model changes for the equity funds.
- Collaborate with Compliance teams across the globe to support all equity funds from an aggregate and fund level monitoring perspective.
- Liaison between trading desk and trading operations team to resolve issues requiring immediate action and projects to enhance operational procedures.
- Provide best-in-class service and execution capabilities to the investment teams globally.
Experience and Qualifications
The ideal candidate will have very strong analytical and communication skills and exhibit the highest level of personal and professional integrity.
- Bachelor's degree or higher.
- Minimum 7+ years of experience in industry. Proficient in trading operations, market structure and transition management will be considered an asset.
- Ability to prioritize workload and responsibilities in fast-paced environment. Comfortable working on tight timelines.
- Contributes positively and is committed to improving the work environment and enhancing Fidelity's culture.
- Strong verbal and written communication skills with the ability to effectively engage with global investment professionals.
- A team-oriented approach, working with peers in a collaborative environment to achieve the best outcome for shareholders.
- Proficient in Microsoft Excel and comfortable working with large data sets.
- Extreme attention to detail required.
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.