Manager, Equity Trading
Boston, MA - USA
Job Summary
NOTE: Fidelity will not provide sponsorship for this position.
The Role
We are seeking an equity trader to join the US Cash Equity Trading team within Fidelity Capital Markets. The team performs block trades portfolio trades and corporate buybacks. This person will have the opportunity to help manage order flow with our existing roster of clients as well as help uncover new opportunities to increase revenue. This will include providing the best execution to our clients by effectively managing equity order flow and providing outstanding client service and market expertise. The role will also help to implement new capabilities workflow tools and consistent trade implementation strategies to drive competitive positioning execution quality client happiness and operational excellence.
- Knowledge of equity execution to help support both external and internal clients.
- Executing block orders in accordance with regulatory standards and client best execution
- Projecting confidence when speaking with clients as you are the product expert
- Representing Fidelity with utmost integrity toward clients and street facing counterparties
- BA or BS degree required.
- 1-5 years experience in financial services with some emphasis on the one of the following: execution trading/sales-trading trading technologies technology support/operations.
- Strong relationship management skills and the ability to develop new business for the desk.
- FINRA security licenses: series 7 63 57 (or equivalent compliance alternatives required to trade) or ability to retain within 3 months.
- Basic understanding of trading strategies algorithms and market structure.
- Apply analytical discipline in algo selection execution and risk management by using your understanding of our clients investment process
- Coding proficiency in SQL and/or Python preferred
- A collaborative team approach and willingness to improve operational efficiency by serving on ad-hoc projects.
- Demonstrate attention to detail and ability to escalate and explain issues quickly and clearly.
- Familiarity with Bloomberg Newport (or other trading systems) pre- and post-trade analytics.
The Team
Fidelity Capital Markets (FCM) is the institutional trading arm of Fidelity Investments providing Equity Options Fixed Income Forex Municipal and CD Underwriting Prime Brokerage and Securities Lending products and services to a wide array of clients including buy-side institutions and hedge funds as well as to Fidelitys own businesses. The Equity High Touch Trading desk provides equity trading services in blocks programs and rebalances for a wide array of Fidelitys customers. For more information visit .
Fidelitys Onsite Working Model
Fidelity is transitioning to a full-time onsite working model through a phased rollout across regions and roles. Currently some roles and locations require 100% onsite presence while others require less. Onsite expectations are likely to evolve as the rollout continues. This transition does not apply to fully remote roles.
Placement in the range will vary based on job responsibilities and scope geographic location candidates relevant experience and other factors.
Base salary is only part of the total compensation package. Depending on the position and eligibility requirements the offer package may also include bonus or other variable compensation.
Please be advised that Fidelitys business is governed by the provisions of the Securities Exchange Act of 1934 the Investment Advisers Act of 1940 the Investment Company Act of 1940 ERISA numerous state laws governing securities investment and retirement-related financial activities and the rules and regulations of numerous self-regulatory organizations including FINRA among others. Those laws and regulations may restrict Fidelity from hiring and/or associating with individuals with certain Criminal Histories.
Required Experience:
Manager
About Company
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