Fixed Income Research Analyst, Structured Products

Fidelity; Merrimack (NH); On-site; USD 180,000 - 260,000; Full time

Job summary

Fidelity's Fixed Income group in Merrimack, NH is seeking a Senior Research Analyst to cover CLOs and related ABS sectors within the Investment Grade Structured Products team. This role requires in-depth research coverage, strong relative value skills, and collaboration with global Fidelity investment professionals.

The ideal candidate has 5+ years as a fixed income analyst, with demonstrated success in making investment recommendations, excellent analytical abilities, and the capacity to mentor

Qualifications

• Five years or more experience as a fixed income analyst covering CLOs, with current or prior experience covering ABS strongly preferred.
• Demonstrated success making fixed income investment recommendations.
• Strong analytical and technology skills.
• Critical thinking.
• Excellent oral and written communication.
• Good time management.
• Flexibility and skill in handling a broad and diverse coverage load.
• Ability to think creatively, work collaboratively and make decisions quickly, often with limited information.
• Engage proactively with portfolio managers, traders and quantitative analysts.
• Develop and present investment ideas clearly and effectively.

Responsibilities

• Provide thorough fundamental analysis and research coverage of assigned sectors.
• Communicate credit opinions and relative value views through published research and meetings.
• Generate investment ideas across coverage and respond to opportunities in the market.
• Participate in regular discussions on investment strategy and contribute to the investment process.
• Collaborate with Fidelity teams across fixed income and asset management globally.
• Maintain relationships with issuers, rating agencies, and analysts; travel regularly.
• Mentor junior team members and support the research process.

Skills

Fixed income analysis

CLOs coverage

Relative value skills

Communication skills

Education

CFA or MBA (in progress)

Job description

Fixed Income Research Analyst, Structured Products

Fidelity is transitioning to a full-time onsite working model in phases by region and role. See job description for more information.

Location

• Merrimack, NH

Team

• Investment Management

Experience Level

Senior Vice President

Job Description:

Note: Fidelity will not provide immigration sponsorship for this position.

The Role

We are seeking a Research Analyst for our Investment Grade Structured Products Research Team, primarily covering CLOs, and over time select ABS sectors. We are looking for an individual who will combine in-depth research coverage with well-developed relative value skills to deliver value across a range of strategies in our taxable bond funds.

The Value You Deliver

• Provide thorough fundamental analysis and research coverage of assigned sectors
• Communicate credit opinions and relative value views through published research as well as in-person meetings
• Generate investment ideas across your coverage in a timely and well-communicated manner, as well as respond to investment opportunities in the market
• Participate in regular discussions on investment strategy and contribute to the ongoing development of the investment process
• Become an integral part of the investment team serving a range of fixed income investment mandates with attention to holdings across the Fixed Income bond funds and sensitivity to the differences in mandates
• Work with investment professionals across Fidelity globally, including members of the equity, high income and alternatives and asset allocation teams
• Collaborate in a heavily team-based investment process
• Maintain strong relationships with issuers, rating agencies, and analysts while also traveling regularly
• Provide strong mentorship of, and close collaboration with, junior members of the research team in support of the research team and investment process

At Fidelity, Research Analysts make recommendations that have significant impact on the funds. You will become a highly valued core member of the research and investment teams (which include portfolio managers, traders and quantitative analysts), actively participating with portfolio managers and traders in strategy sessions that address credit trends and asset allocation. The analytical work requires regular issuer contact, travel, and working together with and mentoring Sector Specialists who provide analytical and data support. You will report to the Managing Director of Research for Financials and Structured Products.

The Expertise and Skills You Bring

The ideal candidate will have the following qualifications and attributes:

• Five years or more experience as a fixed income analyst covering CLOs, with current or prior experience covering ABS strongly preferred
• Demonstrated success making fixed income investment recommendations
• Strong analytical and technology skills
• Critical thinking
• Excellent oral and written communication
• Good time management
• Flexibility and skill in handling the demands of a broad and diverse coverage load
• Ability to think creatively, work collaboratively and make decisions quickly, often with limited information
• An ability to engage proactively with portfolio managers, traders and quantitative analysts
• The ability to develop and present investment ideas and investment information in a clear and effective way
• A high level of enthusiasm for discovering and responding to new investment opportunities
• Progress towards a CFA or an MBA is preferred
• The confidence and the maturity to lead meetings internally and externally
• Exhibit the highest level of personal and professional integrity

The Group

Fidelity’s Fixed Income division is one of the leading managers of bond and money market instruments with over $2 trillion in fixed income assets. The Fixed Income team combines fundamental research on domestic and international debt issuers with macroeconomic and quantitative analysis to develop investment decisions that stay true to each portfolio’s defined investment mandate, while aiming to maximize risk-adjusted total return for our clients. Our goal is to use our financial expertise to help people achieve their financial goals and live the lives they want. The Fixed Income division is headquartered / located primarily in Merrimack, New Hampshire, one hour north of Boston.

Fidelity’s Onsite Working Model
Fidelity is transitioning to a full-time onsite working model through a phased rollout across regions and roles. Currently, some roles and locations require 100% onsite presence, while others require less. Onsite expectations are likely to evolve as the rollout continues. This transition does not apply to fully remote roles.

Certifications:

Category:

Investment Professionals

Reasonable accommodations

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 [e-mail], or by calling 800-835-5099, prompt 2, option 3.

Equal opportunity employer

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.

Applicant screening

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 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.

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Benefits that balance life and work

From our fully paid parent leave to our on-site health and wellness centers, our benefits support the belief that more balance you have, the better you can achieve your goals.

Company overview

Company overview

At Fidelity, we are passionate about making our financial expertise broadly accessible and effective in helping people live the lives they want. We are a privately held company that places a high degree of value in creating and nurturing a work environment that attracts the best talent and reflects our commitment to our associates. We are proud of our diverse and inclusive workplace where we respect and value our associates for their unique perspectives and experience.