What are the responsibilities and job description for the Equity Algorithmic Execution Specialist position at Fidelity Investments?
Job Description
The Group
Strategic Advisers, LLC is a registered investment advisor and Fidelity Investments Company that provides investment management services to clients through Fidelity’s retail and institutional distribution channels. For more than 30 years, Strategic Advisers, LLC has specialized in the investment management of managed accounts and other custom solutions to help investors reach their financial goals. With more than $1.1 trillion in assets under management in a blend of Fidelity and third-party investment vehicles, Fidelity’s Strategic Advisers, LLC is a leading provider of managed solutions for retail, workplace, institutional clients.
The Role
Are you looking to make an impact on a leading trading desk? This is an exciting opportunity to become a key stakeholder in the execution of systematic, model-driven equity flow! You will be responsible for designing and overseeing our algo trading by evaluating execution venue results and working directly with counterparties on their execution results. In this role your primary responsibility will be for algo trading, but you will also play a critical role as the backup for our high touch traders.
The Expertise And Skills You Bring
Your strong analytical capabilities and deep familiarity with transaction cost analysis (TCA) methodologies will be crucial for success. This role requires a comprehensive understanding of equity market structure and hands-on experience with Execution Management Systems (EMS) workflows. You should be comfortable using data to make decisions and are adept at owning execution outcomes at scale. We prefer candidates with at least 5 years of experience in equity electronic trading that have worked directly with systematic order flow. While you will operate independently, you will also be a strong collaborator and team player and bring unique insights to our team. Being detail-oriented nature with a strong sense of accountability are key attributes for this position.
The Core Work Of This Role Involves
The base salary range for this position is $100,000 - $200,000 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.
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.
Certifications
Category:
Investment Professionals
The Group
Strategic Advisers, LLC is a registered investment advisor and Fidelity Investments Company that provides investment management services to clients through Fidelity’s retail and institutional distribution channels. For more than 30 years, Strategic Advisers, LLC has specialized in the investment management of managed accounts and other custom solutions to help investors reach their financial goals. With more than $1.1 trillion in assets under management in a blend of Fidelity and third-party investment vehicles, Fidelity’s Strategic Advisers, LLC is a leading provider of managed solutions for retail, workplace, institutional clients.
The Role
Are you looking to make an impact on a leading trading desk? This is an exciting opportunity to become a key stakeholder in the execution of systematic, model-driven equity flow! You will be responsible for designing and overseeing our algo trading by evaluating execution venue results and working directly with counterparties on their execution results. In this role your primary responsibility will be for algo trading, but you will also play a critical role as the backup for our high touch traders.
The Expertise And Skills You Bring
Your strong analytical capabilities and deep familiarity with transaction cost analysis (TCA) methodologies will be crucial for success. This role requires a comprehensive understanding of equity market structure and hands-on experience with Execution Management Systems (EMS) workflows. You should be comfortable using data to make decisions and are adept at owning execution outcomes at scale. We prefer candidates with at least 5 years of experience in equity electronic trading that have worked directly with systematic order flow. While you will operate independently, you will also be a strong collaborator and team player and bring unique insights to our team. Being detail-oriented nature with a strong sense of accountability are key attributes for this position.
The Core Work Of This Role Involves
- Overseeing the auto-routing and execution for all algorithmic trading.
- Building and maintaining frameworks for dynamic venue weighting and rotation.
- Analyzing the performance of venues, focusing on fill rates, information leakage, and post-trade price reversion.
- Leading periodic reviews to determine when liquidity sources should be adjusted.
The base salary range for this position is $100,000 - $200,000 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.
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.
Certifications
Category:
Investment Professionals
Salary : $100,000 - $200,000