Research Analyst - 2061555

Company: Fidelity Investments
Location: Boston, MA
Posted on: September 7, 2022

Job Description:

Position Description:

Conducts investment research, using treasury, swap curve-based analytics across government, credit, high-yield, inflation-linked, MBS, ABS, CLOs, CMBS and CMOs security types, and derivatives -- futures, interest-rate swaps, CDX, FX forwards, and cross currency basis swaps. Conducts quantitative analysis of Portfolio Managers performance, risk, and holdings using quantitative analytical tools -- Bloomberg, MPI Stylus, MSCI Barra, Morningstar Direct, POINT, and ICE Mercury. Conducts sub-advised and SMA due diligence, mandate creation, and ongoing monitoring. Identifies new analytical techniques and process enhancements and leads research efforts associated with new product development and launches.

Primary Responsibilities:

Evaluates, selects, and monitors a peer group of internal and external funds, strategies, ETFs, and SMAs.

Contributes to the peer group, investment style, and performs asset class research support throughout the portfolio management process.

Performs and mentors junior team members in all aspects of critical analysis to identify investment opportunities, conduct rigorous study and research, identify key performance drivers, and make appropriate fund and investment style recommendations to Portfolio and Index Managers (PM and IM).

Identifies investment strategies within a U.S. Fixed Income universe across treasury and structured product markets and corporate credit, and recommends the best PMs to execute selected themes and disciplines

Leads meetings with external PMs to discuss investment processes and strategy objectives.

Meeting regularly with external managers and key individuals at the firm for performing due diligence and forming performance expectations of strategies by performing qualitative assessments of the philosophy, process, and resources being leveraged to drive performance.

Proactively communicates investment recommendations to PMs and asset allocators through written research reports, group presentations, and 1:1 meetings.

Develops portfolio management tools for efficient portfolio construction and exposure analysis factor-based risk and attribution models, and holdings-based tools.

Performs portfolio construction processes, using optimizing techniques to maximize risk-adjusted returns, create well-diversified exposures, and minimize unintended bets relative to the benchmark.

Monitors market environments and the impact of risk exposures in holdings to ensure tracking error remains within acceptable levels.

Performs data-driven asset allocation research by examining technical, fundamentals, valuation, and cross-correlation effects to produce actionable recommendations for portfolios.

Provides market intelligence on fixed income markets by following the market cycle forecasting the impact of financial conditions, economic conditions, and monetary and fiscal policy on the fixed income capital market and portfolios.

Education and Experience:

Bachelors degree (or foreign education equivalent) in Economics, Business Administration, Finance, Mathematics, Information Technology, or a closely related field and five (5) years of experience in the job offered or five (5) years of experience analyzing fixed income securities and performing fund research -- manager selection -- within a fixed income investment universe and asset class environment.

Or, alternatively, Masters degree in Economics, Business Administration, Finance, Mathematics, Information Technology, or a closely related field and three (3) years of in the job offered or three (3) years of experience analyzing fixed income securities and performing fund research -- manager selection -- within a fixed income investment universe and asset class environment.

Skills and Knowledge:

Candidate must also possess:

Demonstrated Expertise (DE) analyzing fixed income mutual funds, ETFs, SMAs and sub-advised strategies -- interviewing fund managers, evaluating portfolio strategies, investment teams, philosophies, and thesis, and executing strategic objectives -- to assess their investment processes.

DE performing independent and detailed quantitative analysis of fixed income strategies across sub-asset classes -- treasury, credit, inflation-linked (TIPS), and structured products -- and non agency and agency RMBS, CMOs, CMBS, ABS, and CLOs -- using Bloomberg, MPI Stylus, MSCI Barra, Morningstar Direct, POINT, and ICE Mercury.

DE building tools for analyzing portfolio-level exposures, holdings level analytics, what-if scenarios, performance attribution, and risk management techniques to support portfolio construction using complex financial instruments -- funding market instruments, interest rate derivatives, swaptions, credit derivatives, and securitized credit.

DE delivering asset class research by incorporating advanced analytics (option-adjusted spread, yield, duration measures, and custom fixed income indices) while performing in-depth analysis of esoteric subjects (cross-currency basis, FX hedging, reverse repo, federal balance sheets, and market liquidity) to generate forward-looking actionable portfolio recommendations.

For full job details and to apply, please visit https://jobs.fidelity.com/ and search for job number: 2061555

Keywords: Fidelity Investments, Providence , Research Analyst - 2061555, Finance , Boston, MA, Rhode Island