Job Description:

The Role:

The Senior Analyst, CLO Investment Services will work to enhance the operational and oversight model for the Ballyrock CLOs and Fidelity’s overall leveraged loan capabilities. Specifically, the Senior Analyst will be assigned to a minimum of three live CLOs and will have responsibility for the daily monitoring of CLO compliance test results, regular review/updates of security reference data, monthly Trustee Report review/approval and quarterly waterfall distribution review/approval. In addition, the Senior Analyst will be required to have in-depth understanding of the indenture language for their assigned CLOs, support reset(s), refinancing(s) and liquidation(s) of their assigned CLOs and provide other ongoing operational and administrative support. Further, the Senior Analyst will be deeply involved with testing, implementing and utilizing new technologies that will provide greater portfolio management capabilities for leverage loan portfolios.

The position requires close interaction with portfolio managers, traders, legal, compliance, investment services, third party trustees, underwriters and Fidelity’s Investment Operations teams. 

The Expertise and Skills You Bring:

• BA / BS degree required, advanced degree a plus. Major or concentration in legal, finance, business administration, or accounting preferred but not required.
• Minimum of 4 to 6 years of financial services experience, with preference towards prior experience with leveraged loan/CLO operations.
• Solid understanding of the US leveraged loan market and structured finance transactions.
• Prior experience with leveraged loan/CLO operations and trustee reporting.
• Working knowledge of Wall Street Office, familiarity with Rating Agencies (Moody’s, S&P, Fitch).
• Experience with credit agreements, term sheets, indentures and other security offering documents.
• Ability to monitor daily CLO compliance results to ensure adherence to indenture guidelines.
• Ability to unwind/review CLO compliance results to ensure accuracy.
• Interact with Trustee to communicate hypothetical trades and assess impact to compliance results.
• Work with external vendors to build, implement and test compliance modules for each new CLO.
• Oversight of Trustee reporting for the Ballyrock CLOs.
• Strong Microsoft Excel skills and excellent interpersonal skills.
• Ability to work independently while integrating seamlessly with other members of the Investment & Investment Services teams.
• Reliable, self-starter, highly detail oriented, well-organized and able to manage several priorities and deadlines.

The Team:

Fidelity’s High Income & Alternatives Division is responsible for managing the firm’s diversified high yield, leveraged loan, and emerging market debt strategies, including Collateralized Loan Obligations (CLOs).  In addition, the group manages strategies focused on the equities of leveraged companies. Assets under management exceeded $100 billion as of year-end 2022. The division is made up of a diverse team of Investment Professionals, Traders, and Operational and Administrative Support staff.

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.

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 working model blends the best of working offsite with maximizing time together in person to meet associate and business needs. Currently, most hybrid roles require associates to work onsite all business days of one assigned week per four-week period (beginning in September 2024, the requirement will be two full assigned weeks).

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.

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.