Senior High Yield Bond Trader

Job Description:

The Group

Headquartered in Boston, the High Income & Alternatives group has more than $100B in assets under management (AUM). The group’s AUM are invested “across the capital structure,” including in emerging markets debt, high yield bonds, leveraged loans, convertible bonds, alternative credit, and equities. Fundamental research is the foundation of the group’s investment process.

The Role

The High Yield trader will be an integral member of the High Income & Alternatives investment team. The HI&A team consists of portfolio managers (PMs), research analysts and traders that work together to make informed investment decisions that benefit our shareholders. This role will directly support our High Yield market strategies across different investment teams. Candidates for the position will possess exceptional corporate trading acumen, market knowledge, thought leadership, and communication skills.

The Value You Deliver

• Source investment opportunities and access liquidity in the marketplace. Negotiate and execute trades on behalf of our portfolios, including derivatives.

• Provide market insights, color, and recommendations to the team of analysts and portfolio managers, including investment ideas

• Maintain strong dealer and sponsor relationships (sales, trading, and syndicate).

• Forward thinking around market structure, electronic execution / alternative trading venues, and transaction cost analysis.

• Proficiency in capital structure analysis, distressed situations, and new issue process.

• Understanding of the credit alternatives landscape.

• Partner with technology, compliance, legal, operations, and other internal groups to provide best-in-class service and execution capabilities to the portfolios.

• Represent the trading desk in periodic team meetings, client engagements and other ad hoc forums.

The Expertise and Skills You Bring

• 10 years sell-side or buy-side experience trading high yield bonds and credit derivatives.

• Bachelor’s degree required, preferably in Engineering, Computer Science, Mathematics, Finance, or other relevant quantitative subject area.

• Strong analytical ability along with excellent communication skills.

• Aptitude for using new technologies to enhance our workflow, trading systems, and advance a quantitative approach where applicable.

• Must be team oriented. Committed to transparent collaboration with PMs, fundamental and quantitative analysts as well as fellow traders.

• Familiar with front-to-back-office operations, and highly proficient with trading technology.

• Ability to multi-task in a fast-paced environment with a consistent focus on accuracy.

• Ability to think creatively and independently while working in a collaborative environment.

Values

We consider the following values to be fundamental to the way in which our company operates:

• Accountability

• Enthusiasm

• Integrity

• Teamwork

• Respect

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.