Collateralized Loan Obligation

Job Description:

The Group

Fidelity s Fixed Income Division is one of the world s leading fixed income managers with over $1.8 trillion in fixed income assets managed by a staff of more than 200 investment professionals. At Fidelity, we combine fundamental research on debt issuers with macroeconomic and quantitative analysis to develop investment decisions that aim to maximize risk-adjusted total return for our clients. The Fixed Income Division is headquartered in Merrimack, New Hampshire.

The Role

The CLO Trader will be a member of the Fixed Income trading group and will work very closely with our investment grade and high-income investment teams. The CLO Trader will be responsible for deal management, trading, and market reconnaissance in the space. The individual will also partner with portfolio managers, analysts, and traders to generate investment ideas and help drive positive returns in the sector. The CLO Trader will be primarily based in Merrimack, NH, but it is expected that they spend a regular portion of their time with their investor counterparts in Boston, MA.

The Value You Deliver

• Source investment ideas by understanding our strategy, positioning, and identifying attractive relative value opportunities in both primary and secondary markets.

• Engage & source new deals, negotiate levels, structure, allocations, and help manage ongoing document negotiations.

• Collect, organize, and disseminate relevant market and trading information to investment teams across investment grade, high-income and alternatives investment teams.

• Build and maintain strong dealer relationships (sales, trading, and syndicate).

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

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

The Expertise and Skills You Bring

• 7-10+ years of CLO trading experience.

• Trade and manage liabilities across the full capital structure from AAAs to equity.

• Build relationships and understanding of CLO managers alongside research analysts by attending conferences, participating in due diligence calls, and routine follow-ups.

• Advise and collaborate with growing BALLYROCK team, $7bln+ AUM.

• Act as main point of contact with CLO syndicate.

• Improve analytic tools and use of data to build market/portfolio surveillance improvements.

• Help manage existing portfolio across several fund groups and mandates.

• Monitor and stay informed on new parts of the market and other forms of leverage finance private credit.

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

• Accountability

• Enthusiasm

• Integrity

• Teamwork

• Respect

Company Overview

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.

Join Us

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 top 10 Best Place to Work in 2024. And you don t need a finance background to succeed at Fidelity\u2014we offer a range of opportunities for learning so you can build the career you ve always imagined.

Fidelity's working model blends the best of working offsite with maximizing time together in person to meet associate and business needs. Currently, most hybrid roles require associates to work onsite all business days of one assigned week per four-week period (beginning in September 2024, the requirement will be two full assigned weeks).

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, detailed in this document, 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.

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.