Systematic Trader, Global Equity Trading

Job Description:

The Position

The Systematic Trading team sits at the intersection of the investment process, quantitative analysis, data science, and technology to provide leading-edge execution services on the Fidelity Management and Research (FMRCo) Equity Trading Desk. The systematic trader will be involved in all aspects of the systematic trading effort including: oversight and management of trading activities utilizing the desk’s suite of systematic and electronic execution tools, managing portfolio rebalances and transitions, development and analysis of electronic trading tools/channels used on the desk, and the continued development of the systematic trading strategies employed by the team.

The position is based in Boston and will report to the Head Trader, Global Systematic Trading.

Responsibilities

  • Contribute to managing the execution of the order flow handled by the systematic trading desk. Expand and use knowledge of the markets and market structure, the available trading tools, understanding of trading costs and risk, and the underlying objectives of the portfolio managers to achieve efficient and effective trade implementation. Utilize FMR’s proprietary systematic trading system and the desk’s electronic trading toolkit. Exercise effective communication across the trading desk, including sector traders and international desks, as well as portfolio managers and analysts to achieve the highest quality execution results.
  • Work with portfolio managers and CIOs, senior management, and the trading desk regarding large/complex transitions and portfolio rebalances. Perform pre, intra, and post-trade analysis to inform, guide, and evaluate trading approach and results.
  • Engage with the broker-dealer community to further develop and refine the electronic trading suite using data and proprietary suite of analytics.
  • Work closely with a team of traders, quants, data scientists, and developers to help with the evolution of the automated trading system and systematic strategies used by the Equity Trading Desk.
  • Liaise with Technology, Compliance, Legal, Operations, investment personnel and other internal Fidelity partners to provide the highest quality service and execution capabilities for shareholders.

Qualifications

Candidates should have demonstrated consistent success in their academic and work experience. They will have very strong analytical and interpersonal skills and exhibit the highest level of personal and professional integrity. In addition, the ideal candidate will have:

  • 3 years of experience with 1.5 years of trading experience, or in support of a trading desk, preferred
  • Experience with systematic/automated trading preferred
  • Ability to multi-task in a fast-paced environment with a constant eye toward accuracy
  • Quantitative aptitude and sharp analytical skills demonstrated through academic or work experience
  • Ability to think creatively and independently while working in a collaborative environment
  • Self-starter, capable of developing new tools and capabilities to solve novel problems facing the trading desk
  • Track record of intellectual curiosity and a passion for problem solving
  • Team-first attitude with flexibility, willingness to pitch-in where needed, familiarity with front-to-back office operations, proficiency with technology, and skill towards mitigating risk
  • Familiarity in trading operations, terminology, market mechanics, and has demonstrated a strong interest in the market

Values

The following values are considered to be fundamental to the way in which our company operates:

  • Accountability
  • Enthusiasm
  • Integrity
  • Teamwork
  • Respect

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 Best Place to Work in 2022. 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.

Many of our associates are continuing to work remotely temporarily due to COVID-19. When Fidelity employees eventually return to the office, 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.”

We invite you to Find Your Fidelityat 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.