Job Description:

Description

With over one Trillion of dollars in assets under management in a blend of Fidelity and third-party investment vehicles, Fidelity's Strategic Advisers, LLC is a leading provider of asset allocation solutions for retail, institutional, and high net worth clients. The range of investment solutions include managed accounts, financial planning frameworks and custom solutions.

Strategic Advisers is a registered investment adviser and Fidelity Investments Company and serves as the investment manager to all Fidelity managed accounts offered by Fidelity's Portfolio Advisory Services and through Fidelity's Wealth Management Advisory Services. We construct and manage asset allocation portfolios for over 3.5 million customer accounts.

Strategic Advisers is looking for an Investment Manager to join the Client Investment Risk Management (CIRM) team in our Boston office. The CIRM team monitors unintended investment risks in millions of customer accounts to ensure client outcomes match intentions and no portfolio left behind. This team is responsible for the impact analysis and remediation whenever issues arise that could affect SAI's client accounts.

Primary Responsibilities

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, optimized participant level portfolios, and unified managed household assets in retail and workplace accounts. You will collaborate with many business partners to enhance our independent bottom-up risk framework for all managed account products. You will combine investment expertise with a high degree of technical proficiency to provide tax-sensitive, customized management of multi-asset class portfolios to our clients. You will also develop tax-aware transition strategies for high-net-worth clients.

Client Investment Risk Management

Work within the Portfolio Engineering group to prototype and provide technical design requirements for innovative approaches to analyze and monitor client portfolio investment risk and characteristics.

Collaborate with other parts of SAI and Fidelity, including Business Oversight, Portfolio Management, Research, Technology, and Operations to improve our process of managing client investment risk.

Partner with SAI's embedded Data Scientist team to develop next generation of risk prediction and management programs via AI and Machine Learning.

Lead the end-to-end issues remediation process and collaborate with compliance, legal, business risk, operation, and investment teams to handle complex service recoveries.

Communicate CIRM's vision and process to business partners across the organization.

Portfolio Management

Manage individual client portfolios consistent with Strategic Advisers' investment philosophy and the unique personalization of each client portfolio. Implement investment strategies based on market movements, tax management opportunities, changes in model portfolio or investment choices.

Apply analytical and problem-solving skills to efficiently implement sophisticated portfolio construction across multiple account registration types while being able to decipher and clearly understand the impacts on investment risk and return characteristics.

Create and manage hypothetical first trade analysis for individual client portfolios consistent with Strategic Advisers' investment philosophy and unique client portfolio characteristics.

Develop a deep understanding of internal analyst and portfolio manager research on individual securities, ETFs, mutual funds, portfolio construction, and business cycle positioning to achieve superior pre- and after-tax returns consistent with the SAI's investment philosophy.

Present detailed investment processes, philosophies, and capital market dynamics to internal colleagues and potentially external clients.

Craft customized communication incorporating analysis on performance attribution, portfolio positioning and market review for specific client portfolios.

Monitor and carry out fiduciary responsibilities with a high-level of integrity.

Experience and Education

Degree in Finance, Economics, Accounting, Computer Science, Data Science, or Engineering. Graduate degree preferred.

Five to ten years investment experience in research, portfolio management, trading, risk management or technology development in these fields

Experience with AI/Machine Learning algorithms and implementation is a plus.

Skills and Knowledge

Strong skills in SQL and data visualization via Tableau or Power BI. Python or R programming skill is a plus.

Understanding of portfolio theory and quantitative portfolio construction techniques in a taxable environment.

Ability to operate in a fast-paced environment with excellent attention to detail, strong analytical skills, a creative approach to problem solving, and the ability to multi-task.

Proven ability to communicate and work effectively in a highly team-oriented environment.

Location

Boston, MA

Fidelity Investments is an equal opportunity employer.

Company Overview

At Fidelity, we are passionate about making our financial expertise broadly accessible and effective in helping people live the lives they want! We are a privately held company that places a high degree of value in creating and nurturing a work environment that attracts the best talent and reflects our commitment to our associates. We are proud of our diverse and inclusive workplace where we respect and value our associate for their unique perspectives and experiences. For information about working at Fidelity, visit FidelityCareers.com. Fidelity Investments is an equal opportunity employer.

Accommodation Language

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 please contact the following:

For roles based in the US: Contact the HR Leave of Absence/Accommodation Team by sending an email to accommodations@fmr.com, or by calling 800-835-5099, prompt 2, option 2

For roles based in Germany: Contact accomodationsgermany@fmr.com

For roles based in Ireland: Contact accomodationsireland@fmr.com

Fidelity Privacy policy

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.

Fidelity's hybrid working model blends the best of both onsite and offsite work experiences. Having the majority of our associates work onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most roles listed as Hybrid will require associates to work onsite all business days of every other week in a Fidelity office. This does not apply to roles listed as Remote or Onsite.

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.