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Senior Investment Manager role at Fidelity in Boston, managing equity and long/short strategies for SMA clients.
Lead portfolio construction, trading, and analytics for high‑net‑worth and institutional accounts with a focus on tax‑aware solutions.
Note: Fidelity will not provide immigration sponsorship for this position.
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.
The Group
Strategic Advisers, LLC (SAI) is a registered investment advisor and Fidelity Investments Company that provides investment management services to clients through Fidelity’s retail and institutional distribution channels. For more than 30 years, SAI has specialized in the investment management of managed accounts and other custom solutions to help investors reach their financial goals. With more than $1.4 trillion in assets under management in a blend of Fidelity and third‑party investment vehicles, Fidelity’s SAI is a leading provider of managed solutions for retail, workplace, and institutional clients.
The Team
The Separately Managed Account (SMA) Team is responsible for SMA model management, portfolio construction, management and trading of existing Fidelity’s retail managed accounts in addition to developing, researching and launching new products and initiatives. We employ investment expertise, quantitative techniques and technical skills to further enhance the team’s roles and responsibilities across single asset class portfolios for high‑net‑worth and mass affluent individuals and trusts.
The Role
The Senior Investment Manager will focus on reviewing discretionary client portfolios primarily invested in US and international equity portfolios, which are offered in standalone and sleeve forms as well as newer strategies like long/short offerings. The Senior Investment Manager will have a high degree of investment expertise to review and trade the tax‑aware and non‑taxable SMAs. In addition, this role will also provide tax‑aware transition strategies and hypothetical account reviews for clients. You will play a significant role in SAI's next generation of sophisticated investment solutions which include custom multi‑account investment management and asset location strategies.
Primary Responsibilities
Trade Execution
- Long/Short equity account reviews and analysis
- Enhance long/short equity strategies and improve upon processes
- Execute daily equity trading activities across individual client portfolios for standalone
- Ensure model alignment and liaise with operation teams
- Monitor and maintain portfolio performance, execution and risk metrics
- Develop and maintain relationships with internal trading partners
- Monitor current events and gauge market reactions
Portfolio Construction
- Manage individual client portfolios utilizing complex portfolio construction techniques that involve optimization across different tax registration types
- Be able to decipher and clearly understand the impacts on investment risk and return characteristics
- Develop a deep understanding of internal analyst and portfolio manager research on portfolio construction, and business cycle positioning to achieve superior pre‑ and after‑tax returns consistent with the investment philosophy
- Contribute to the broader investment philosophy and process for the strategy
- Collaborate with other parts of SAI and Fidelity, including Business Oversight, Portfolio Management, Research, Technology, and Operations to continually improve our model management process and implementation
Qualifications
Experience/Education
- Deep understanding of long/short equity investing, short selling and securities finance
- Extensive experience trading, articulating, or creating long/short equity strategies
- Bachelor's Degree required and emphasis in finance/accounting/economics subjects strongly preferred
- Existing or progress toward a professional designation or certification including, but not limited to CPA, CFP, CQF etc. a plus
- 5+ years of meaningful investment experience in research, portfolio management, or trading
Skills and Knowledge
Professional & Interpersonal
- Ability to operate in a demanding environment with an adaptable skill set, creative problem‑solving skills, and the ability to multi‑task and work across many projects
- Excellent oral and written communication skills
- Extraordinary attention to detail, as well as great analytical skills that allow for independent judgement and conclusive reasoning while dealing with significant time constraints
- Ability to work effectively on a collaborative team with a strong spirit of innovation, maintaining comfort in undefined environments
Quantitative & Technical
- Awareness of portfolio optimization tools and techniques like Axioma and risk models like Barra
- Strong quantitative analysis skills around oversight of portfolio holdings & risk exposures
- Skilled using AI tools and techniques preferred
- Experience using FactSet or Bloomberg
- Skilled in advanced programming languages like R, Python and SQL strongly preferred
- Comfort working with large datasets, using database tools and platforms as well as report and visualization platforms like Tableau
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.
Base salary range for this position is $150,000 - $250,000 per year. Placement in the range will vary based on job responsibilities and scope, geographic location, candidate’s relevant experience, and other factors.
Base salary is only part of the total compensation package. Depending on the position and eligibility requirements, the offer package may also include bonus or other variable compensation.
We offer a wide range of benefits to meet your evolving needs and help you live your best life at work and at home. These benefits include comprehensive health care coverage and emotional well‑being support, market‑leading retirement, generous paid time off and parental leave, charitable giving employee match program, and educational assistance including student loan repayment, tuition reimbursement, and learning resources to develop your career. Note, the application window closes when the position is filled or unposted.
Certifications:
Category:
Investment Professionals