Municipal Bond Trader

Job Description:

The Department

Located primarily in Merrimack, New Hampshire, Fidelity’s Fixed Income Division is one of the country’s leading fixed income managers with well over $2.4 trillion in fixed income assets managed by a staff of roughly 200 investment professionals. At Fidelity, we combine fundamental research on domestic and international debt issuers with macroeconomic and quantitative analysis to develop investment decisions. Our goal is to use our financial expertise to help people live the lives they want.

The Position

Fidelity is looking to hire a Municipal Bond Trader to join its Fixed Income Division. The trader will join our municipal bond trading team with a focus in our separately managed account (SMA) business. The position requires knowledge of fixed income investing and trading, significant quantitative and technical 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 growth business and to apply your market, technical and investment skills to evolve our trading practices and ensure efficient implementation of investment decisions.

Primary Responsibilities

• Negotiate and execute trades on behalf of our portfolios, achieving best execution for clients

• Collect, organize, and disseminate market and trading information to the investment team

• Work closely with the SMA investment team (portfolio managers, analysts, and fellow traders) to manage and execute municipal bond order flow

• 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 traders, quants, and developers in advancing our SMA 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

Qualifications

• Bachelor’s degree required, preferably in Engineering, Computer Science, Mathematics, Finance, or other relevant quantitative subject area (Postgraduate degree a plus)

• Demonstrated experience in fixed income investing/trading or proficiency implementing systematic trading strategies (municipal bond focus a plus)

• 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

Certifications:

Category:

Investment Professionals

Most roles at Fidelity are Hybrid, requiring associates to work onsite every other week (all business days, M-F) in a Fidelity office. This does not apply to Remote or fully Onsite roles.

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.