Manager, Equity Trading at Fidelity Investments | Boston, MA, US | Rezi

Manager, Equity Trading at Fidelity Investments

Manager, Equity Trading

Fidelity Investments · Boston, MA, US

2 weeks ago

Manager, Equity Trading

Fidelity Investments · Boston, MA, US

18 days ago
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About the Role

We are seeking an equity trader to join the US Cash Equity Trading team within Fidelity Capital Markets. The team performs block trades, portfolio trades, and corporate buybacks. This person will manage order flow, increase revenue, and provide best execution to clients by effectively managing equity order flow and providing outstanding client service and market expertise. The role will also help implement new capabilities, workflow tools, and trade implementation strategies to drive competitive positioning, execution quality, client happiness, and operational excellence.

Responsibilities

  • Knowledge of equity execution to help support both external and internal clients.
  • Executing block orders in accordance with regulatory standards and client best execution.
  • Projecting confidence when speaking with clients as you are the product expert.
  • Representing Fidelity with utmost integrity toward clients and street facing counterparties.
  • Apply analytical discipline in algo selection, execution, and risk management by using your understanding of our client’s investment process.
  • A collaborative team approach and willingness to improve operational efficiency by serving on ad-hoc projects.
  • Demonstrate attention to detail and ability to escalate and explain issues quickly and clearly.

Requirements

  • BA or BS degree required.
  • 1-5 years experience in financial services with some emphasis on execution trading/sales-trading, trading technologies, or technology support/operations.
  • Strong relationship management skills and the ability to develop new business for the desk.
  • Ability to retain FINRA security licenses (series 7, 63, 57) within 3 months.
  • Basic understanding of trading strategies, algorithms and market structure.
  • Familiarity with Bloomberg, Newport (or other trading systems), pre- and post-trade analytics.

Skills

  • Coding proficiency in SQL and/or Python preferred.

Location

  • Onsite

Work Type

  • Full-time

Experience Level

  • 1-5 years

Education Level

  • BA or BS degree

Salary/Compensations

  • $80,000-120,000 USD per year

Benefits

  • Comprehensive health care coverage
  • Emotional well-being support
  • Market-leading retirement
  • Generous paid time off
  • Parental leave
  • Charitable giving employee match program
  • Educational assistance including student loan repayment, tuition reimbursement, and learning resources

About the Company

  • Fidelity Capital Markets (FCM) is the institutional trading arm of Fidelity Investments, providing Equity, Options, Fixed Income, Forex, Municipal and CD Underwriting, Prime Brokerage, and Securities Lending products and services to a wide array of clients, including buy-side institutions and hedge funds, as well as to Fidelity’s own businesses.
  • The Equity High Touch Trading desk provides equity trading services in blocks, programs, and rebalances for a wide array of Fidelity’s customers.
  • Fidelity is transitioning to a full-time onsite working model through a phased rollout across regions and roles.
  • 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.

Equal Opportunity

  • Fidelity will not provide sponsorship for this position.