Summary

The Team

The Separately Managed Account (SMA) Team is responsible for SMA model management, portfolio construction, management and trading of existing Fidelity’s retail managed accounts in addition to developing, researching and launching new products and initiatives. We employ investment expertise, quantitative techniques and technical skills to further enhance the team’s roles and responsibilities across single asset class portfolios for high-net-worth and mass affluent individuals and trusts.

The Role

The SMA Investment Manager will support senior Investors across the SMA Team whose focus is on the discretionary management of international and US based equity portfolios, offered in standalone and sleeve forms. The Investment Manager will have a high degree of investment expertise to review and trade the tax-aware and non-taxable SMAs. In addition, this role will also provide tax-aware transition strategies and hypothetical account reviews for clients. You will play a significant role in SAI's next generation of sophisticated investment solutions which include custom multi-account investment management and asset location strategies.

Primary Responsibilities

Trade Execution

1. Execute daily equity trading activities across individual client portfolios for standalone
2. Ensure model alignment and liaise with operation teams on pre-market checks
3. Monitor and maintain portfolio performance, execution and risk metrics
4. Develop and maintain relationships with internal trading partners
5. Monitor current events and gauge market reactions

Portfolio Construction

1. Manage individual client portfolios utilizing complex portfolio construction techniques that involve optimization across different tax registration types
2. Be able to decipher and clearly understand the impacts on investment risk and return characteristics
3. Develop a deep understanding of internal analyst and portfolio manager research on portfolio construction, and business cycle positioning to connect how we achieve superior pre- and after-tax returns consistent with the investment philosophy
4. Contribute to the broader investment philosophy and process for the strategy
5. Collaborate with other parts of SAI and Fidelity, including Business Oversight, Portfolio Management, Research, Technology, and Operations to continually improve our model management process and implementation

Qualifications

Experience/Education

1. Bachelor's Degree required. Degree or emphasis in finance/accounting/economics subjects strongly preferred.
2. Existing or progress toward a professional designation or certification including, but not limited to CPA, CFP, CQF etc. a plus.
3. 5+ years of meaningful investment experience in research, portfolio management, or trading

Skills and Knowledge

Professional & Interpersonal

1. Ability to operate in a demanding environment with an adaptable skill set, creative problem-solving skills, and the ability to multi-task and work across many projects
2. Excellent oral and written communication skills
3. Extraordinary attention to detail, as well as great analytical skills that allow for independent judgement and conclusive reasoning while dealing with significant time constraints
4. Ability to work effectively on a collaborative team with a strong spirit of innovation, maintaining comfort in undefined environments

Quantitative & Technical

1. Awareness of portfolio optimization tools and techniques like Axioma and risk models like Barra
2. Strong quantitative analysis skills around oversight of portfolio holdings & risk exposures
3. Skilled using AI tools and techniques, preferred
4. Experience using either FactSet, Bloomberg
5. Skilled in advanced programming languages like R, Python and SQL strongly preferred
6. Comfortable working with large datasets, using database tools and platforms as well as report and visualization platforms like Tableau

Skills

• Communications Skills
• Development
• Python
• Software Engineering
• SQL
• Team Collaboration