Job Description:
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
The Expertise and Skills You Bring
BA or BS degree required.
2-5 years experience with the following: sales trading, quantitative trading, and/or trading technologies
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)
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 client’s investment process
A collaborate 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.
Note: Fidelity will not provide immigration sponsorship for this position.
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 Fidelity’s own businesses. The Equity High Touch Trading desk provides equity trading services in blocks, programs, and rebalances for a wide array of Fidelity’s customers. For more information visit www.fidelitycapitalmarkets.com.
The base salary range for this position is $80,000 - $120,000 per year.Placement in the range will vary based on job responsibilities and scope, geographic location, candidate’s 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.
We offer a wide range of benefits to meet your evolving needs and help you live your best life at work and at home. These benefits include comprehensive health care coverage and emotional well-being support, market-leading retirement, generous paid time off and parental leave, charitable giving employee match program, and educational assistance including student loan repayment, tuition reimbursement, and learning resources to develop your career. Note, the application window closes when the position is filled or unposted.
Fidelity’s hybrid working model blends the best of both onsite and offsite work experiences. Working onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most hybrid roles require associates to work onsite every other week (all business days, M-F) in a Fidelity office.
Please be advised that Fidelity’s 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.