Job Description:

SMA Investment Manager

The Department

Strategic Advisers, LLC is a registered investment advisor and wholly owned subsidiary of FMR LLC that provides investment management services to clients through Fidelity’s retail, workplace, and institutional distribution channels. For more than 30 years Strategic Advisers has specialized in the design, construction, and management of asset allocation solutions, as well as the methodologies for many of Fidelity’s investment planning tools, to help investors reach their financial goals. With over $1 trillion in assets under management in a blend of Fidelity and third-party investment vehicles, the Strategic Advisers team of investment professionals’ constructs and manages asset allocation portfolios for more than 4 million customer accounts.

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

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

Portfolio Construction

Manage individual client portfolios utilizing complex portfolio construction techniques that involve optimization across different tax registration types
Be able to decipher and clearly understand the impacts on investment risk and return characteristics
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
Contribute to the broader investment philosophy and process for the strategy

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

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

Skills and Knowledge

Professional & Interpersonal

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
Excellent oral and written communication skills
Extraordinary attention to detail, as well as great analytical skills that allow for independent judgement and conclusive reasoning while dealing with significant time constraints
Ability to work effectively on a collaborative team with a strong spirit of innovation, maintaining comfort in undefined environments

Quantitative & Technical

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

Category:

Investment Professionals