Portfolio Manager, Capital Structure/Credit Arbitrage

3 weeks ago

Boston, United States Fidelity TalentSource LLC Full time



Job Description:

The Team

With over $700 billion in assets under management, Fidelity Asset Management Solutions (FAMS) is an investment organization that provides industry-leading multi-asset solutions and liquid alternatives investment capabilities to the retail and institutional marketplace. The range of investment solutions consists of core multi-asset class capabilities, including US and Canadian target date funds, target allocations funds, income and real return strategies, managed volatility strategies and other custom institutional solutions.

The Arbitrage and Hedging Solutions team is responsible for developing and managing a range of cross-asset arbitrage strategies, including convertible arbitrage, merger arbitrage, capital structure arbitrage, and event-driven, as well as providing customized derivative hedging solutions for specific client needs.

The Role

Reporting to the Chief Investment Officer, Arbitrage and Hedging Solutions, the Capital Structure Arbitrage Portfolio Manager will be a key member of the Arbitrage and Hedging Solutions team. You will focus on finding, analyzing, and implementing investment ideas in credit arbitrage, across the capital structure. This includes long or short secured, unsecured, subordinate and convertible debt, CDS, equity options, warrants and common stock.

Primary Responsibilities

  • Responsible for day-to-day management of all portfolios engaged in capital structure arbitrage
  • Act independently within established investment policy guidelines
  • Collaborate closely with other investment and technology professionals within the division
  • Communicate with internal marketing channels and/or external clients to convey investment objectives
  • Travel in order to meet company management as well as colleagues in portfolio management and research

The Expertise and Skills You Bring

The role requires a well-rounded professional who possesses a deep understanding of investment research, portfolio management, product development and the investment process. Additionally, the position requires:

  • Bachelor s degree
  • Significant experience (10+ years) in relevant investment industry experience in the high yield or distressed credit market, including experience managing investments across the capital structure
  • Understanding and intuition of structural features of straight debt, bank debt, CDS, and convertible bonds
  • Deep experience analyzing fundamental credit aspects of corporate issuers
  • Understanding of equity options and their use in hedging credit risk

Preference will be given to candidates with the following additional qualifications:

  • MBA or other master s/advanced degree
  • CFA designation

Leadership Competencies You Are Expected Demonstrate:

  • Strategic thinking ability to enable working in and across a heavily matrixed organization
  • Credible and professional presence to interact effectively with investment professionals at all levels of experience, as well as with the external marketplace
  • Comfort using technology and a disciplined approach to analyzing market opportunities
  • Great attention to detail and strong analytical skills
  • High integrity, great work ethic, humility, strong interpersonal skills, and team-centered orientation

Values

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

  • Accountability
  • Enthusiasm
  • Integrity
  • Teamwork
  • Respect




Certifications:

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 hybrid working model blends the best of both onsite and offsite work experiences. Working onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most hybrid roles require associates to work onsite all business days of every other week in a Fidelity office.

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.

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