Trader (Institutional Municipal Bonds) jobs in New Hampshire

Job Description:

The Department

Located primarily in Merrimack, New Hampshire, Fidelity’s Fixed Income Division is one of the country’s leading fixed income managers with well over $1.7 trillion in fixed income assets managed by a staff of roughly 200 investment professionals.  At Fidelity, we combine fundamental research on domestic and international debt issuers with macroeconomic and quantitative analysis to develop investment decisions.  Our goal is to use our financial expertise to help people live the lives they want.

The Position

Fidelity is looking to hire a Municipal bond trader to join its Fixed Income Division. The trader will join our retail separately managed account (SMAs) investment team with a focus on municipal bonds.  The position requires knowledge of fixed income investing and trading, significant quantitative and technical skills, an entrepreneurial approach to solving problems, a commitment to collaboration, and effective communication skills. This is an exciting opportunity to be part of a growth business and to apply your market, technical and investment skills to evolve our trading practices and ensure efficient implementation of investment decisions.

Primary Responsibilities

• Negotiate and execute trades on behalf of our portfolios, achieving best execution for clients
• Collect, organize, and disseminate market and trading information to the investment team
• Work closely with the SMA investment team (portfolio managers, analysts, and traders) to manage and execute municipal bond order flow
• Leverage technology skills to find ways to scale the investment process and execution capabilities in the pursuit of contributing to alpha generation
• Keep pace with the evolving market structure to refine our electronic trading approach, strategy, and tactics
• Actively work alongside traders, quants, and developers in advancing our SMA systematic trading strategies and mechanics
• Liaise with Technology, Compliance, Legal, Operations and other internal Fidelity partners to mitigate operational risk and drive process efficiency
• Help define the business requirements for enterprise technology applications to be used by the trading team

Qualifications

• Bachelor’s degree required, preferably in Engineering, Computer Science, Mathematics, Finance, or other relevant quantitative subject area (Postgraduate degree a plus)
• 5 years of experience in fixed income investing/trading or proficiency implementing systematic trading strategies (municipal bond focus a plus)
• Technical proficiency with Python, R, and SQL, a plus

• Entrepreneurial spirit and enthusiasm for solving complex problems
• Ability to work in team environment and be an adaptable self-starter
• Strong written and verbal communication skills

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—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.

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, or by calling 800-835-5099, prompt 2, option 3.