Institutional Portfolio Manager

Job Description:

The Department

Strategic Advisers, LLC (SAI) is a registered investment advisor and wholly owned subsidiary of FMR LLC 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 design, construction and management of asset allocation solutions, as well as the methodologies for many of Fidelity’s investment planning tools, to help investors reach their financial goals. With more than $750 billion in assets under management in a blend of Fidelity and third-party investment vehicles, the SAI team of investment professionals constructs and manages asset allocation portfolios for over 2,800,000 client accounts.

The Position

As an institutional Portfolio Manager (IPM) you will serve as an integrated member of the investment team, with a focus on partnerships with the Fidelity Workplace Investing (WI) group, our institutional distribution business. You will be responsible for communicating investment philosophies, processes, and ongoing activities for managed account investment solutions provided by Strategic Advisers to WI and its institutional investment marketplace. From this lens you will act as the principal conduit to provide perspective and understanding regarding managed account solutions and investment education tools to a broad range of constituencies, including current and prospective corporate plan sponsors, consultants, internal associates, and other marketplace participants.  Additionally, you will focus on delivering strategic marketplace insight into the investment management organization, including ongoing competitor perspectives and industry trends, as well as providing leadership on investment management content to Fidelity's distribution and product management organizations.

Overall, you will have an influential role in reinforcing the identity of Strategic Advisers in the marketplace and contributing to investment priorities and practices. 

Responsibilities

IPM Organizational Structure

As a member of the investment team, you will be fully embedded within the portfolio management team.  This level of integration is essential for providing:

• Refined visibility and understanding of the investment process and strategies
• An effective environment for investment solution discussion and decision-making
• Marketplace credibility to most effectively represent asset allocation and other investment decisions
• Ongoing delivery of marketplace perspective, developments and trends into the asset allocation investment organization

Investment Knowledge

You will maintain a comprehensive understanding of your investment strategies, including:

• Deep knowledge of Strategic Advisers, underlying investment disciplines and investment strategy parameters
• Ongoing deep understanding of Strategic Advisers current outlook and portfolio positioning
• Understanding of characteristics and developments across all relevant financial markets

Fidelity Distribution Partnerships

Acting as the principal conduit for Strategic Advisers in support of Fidelity's institutional distribution business, you will:

• Build, maintain and grow partnerships across the institutional distribution business to broaden investment understanding and overall awareness of competitive strengths
• Serve as primary investment contact for clients, with a focus on providing visibility with respect to investment philosophy, process, strategy and performance
• Engage appropriate consulting and gatekeeper communities to provide investment transparency and to build organizational awareness
• Oversee quality and integrity of client and market-facing investment communication material
• Support focus on investment and product education, as well as thought leadership initiatives

Fidelity Product Management Partnership

As a principal conduit for Strategic Advisers and its strategies to support the product management group within the asset management organization, you will:

• Provide leadership and insights regarding the marketplace and competitors, with emphasis on Differentiating competitor investment process and investment performance
• Provide insight and counsel for investment solution improvement and development initiatives

Qualifications

Experience and Education

• Minimum 10 years investment management experience
• Bachelor’s degree required
• Successful track record of direct representation of investment management strategies to broad spectrum of  constituencies

Skills and Knowledge

• Highly effective and consistent written and verbal communication capabilities
• Ability to successfully articulate detailed mechanics of investment process
• Successful track record of investment presentation creation and delivery to broad spectrum of constituencies 
• Real passion for financial markets, investment process and provision of effective investment solutions
• Ability to work in a highly collaborative environment, with a frequent focus on gaining consensus across a broad spectrum of investment management, distribution, product management and senior management constituents
• Capability to balance resolve and temperament in response to pursuing opportunity through organizational structure

Personal Values and Character

The following values are considered to be fundamental to the way in which our company operates:

• Accountability
• Engaging                              
• Enthusiasm
• Integrity
• Teamwork                            
• Respect
• Dedication to excellence in all aspects of work

Location

Boston, MA

Please see below for the salary range for work locations in Colorado only:

Please see below for the salary range for work locations in New York City, Westchester County, NY and Jersey City, NJ only:

Please see below for the salary range for work locations in California only:

Please see below for the salary range for work locations in Washington only:

Certifications:

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.

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 Best Place to Work in 2023. 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.

At Fidelity, our goal is for most people to work flexibly in a way that balances both personal and business needs with time onsite and offsite through what we’re calling “Dynamic Working”. Most associates will have a hybrid schedule with a requirement to work onsite at a Fidelity work location for at least one week, 5 consecutive days, every four weeks. These requirements are subject to change.

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, or by calling 800-835-5099, prompt 2, option 3.

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.