Municipal Bond Trader

Fidelity Investments; Merrimack (NH); On-site; USD 120,000 - 180,000; Full time

Job summary

Fidelity Investments is seeking a Municipal Bond Trader to join the Fixed Income Division in Merrimack, New Hampshire. You will apply your knowledge of fixed income investing and trading to support the team across multiple vehicles and strategies, and collaborate closely with portfolio managers and analysts.

The role emphasizes entrepreneurial problem solving, strong communication, and the ability to execute trades with best execution for clients while advancing systematic trading initiatives

Qualifications

• Bachelor’s degree required; advanced degree a plus.
• Demonstrated experience in fixed income investing/trading.
• Entrepreneurial spirit and enthusiasm for solving complex problems.
• Ability to work in a team environment and be an adaptable self-starter.
• Strong written and verbal communication skills.

Responsibilities

• Collect, organize, and disseminate market and trading information to the investment team.
• Work closely with portfolio managers, analysts, and fellow traders to construct relative value trade ideas.
• Maintain strong dealer relationships (sales, trading, and syndicate). Negotiate and execute trades on behalf of our portfolios, achieving best execution for clients.
• Leverage technical skills to scale the investment process and execution capabilities to contribute to alpha generation.
• Keep pace with evolving market structure to refine our electronic trading approach, strategy, and tactics.
• Actively work alongside fellow traders, quantitative analysts, and developers in advancing our systematic trading strategies and mechanics.
• Liaise with Technology, Compliance, Legal, Operations and other Fidelity partners to mitigate operational risk and drive process efficiency.
• Help define the business requirements for enterprise technology applications to be used by the trading team.

Skills

Fixed income trading

Entrepreneurial spirit

Team player

Communication skills

Education

Bachelor’s degree

Advanced degree a plus

Job description

Job Description

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

The Role

Fidelity is looking to hire a Municipal Bond Trader to join its Fixed Income Division. The trader will join our municipal bond trading team. The position requires knowledge of fixed income investing and trading, analytical skills, an entrepreneurial approach to solving problems, a commitment to collaboration, and effective communication skills. This is an exciting opportunity to be part of a municipal bond trading team that touches multiple vehicles and strategies (Mutual Funds, ETFs, SMAs, Systematic) The role will require you to apply your market, technical and investment skills to evolve our trading practices and ensure efficient implementation of investment decisions.

The Value You Deliver

• Collect, organize, and disseminate market and trading information to the investment team
• Work closely with portfolio managers, analysts, and fellow traders construct relative value trade ideas
• Maintain strong dealer relationships (sales, trading, and syndicate). Negotiate and execute trades on behalf of our portfolios, achieving best execution for clients
• Leverage technical skills to find ways to scale the investment process and execution capabilities in the pursuit of contributing to alpha generation
• Keep pace with the evolving market structure to refine our electronic trading approach, strategy, and tactics
• Actively work alongside fellow traders, quantitative analysts, and developers in advancing our systematic trading strategies and mechanics
• Liaise with Technology, Compliance, Legal, Operations and other internal Fidelity partners to mitigate operational risk and drive process efficiency
• Help define the business requirements for enterprise technology applications to be used by the trading team

The Experience And Skills You Bring

• Bachelor’s degree required, advanced degree a plus
• Demonstrated experience in fixed income investing/trading
• Entrepreneurial spirit and enthusiasm for solving complex problems
• Ability to work in team environment and be an adaptable self-starter
• Strong written and verbal communication skills

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

Please be advised that Fidelity’s business is governed by the provisions of the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, the Investment Company Act of 1940, ERISA, numerous state laws governing securities, investment and retirement-related financial activities and the rules and regulations of numerous self-regulatory organizations, including FINRA, among others. Those laws and regulations may restrict Fidelity from hiring and/or associating with individuals with certain Criminal Histories.