What are the responsibilities and job description for the Senior High Yield Research Analyst position at Fidelity Investments?
Job Description
The Group
Fidelity’s High Income & Alternatives division offers investments that span the capital structure, including high-yield bonds, leveraged loans, convertible bonds, alternative credit, structured credit, and equities. These solutions leverage Fidelity's research platform, investment process, and risk management systems in order to meet the evolving needs and expectations of our customers and institutional clients. The division boasts a fully integrated, highly skilled team that can identify anomalies, provide insight into market trading dynamics, and minimize transaction costs.
The Role
Join our dynamic High Income & Alternatives team as a key thought leader driving investment decisions up-and-down the capital structure in the high-yield, leveraged loan, and distressed debt markets. We are seeking an experienced and intellectually curious Research Analyst to generate impactful, fundamentally driven investment ideas. This is a highly visible role where your analysis and recommendations will directly influence portfolio construction and performance.
Located in our Boston office, you will report to the Managing Director of Research for High Income & Alternatives and collaborate closely with a dedicated team of portfolio managers and research analysts.
The Value You Deliver
We are seeking a candidate with a proven track record of delivering high-quality credit analysis and a passion for the markets.
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
Fidelity’s High Income & Alternatives division offers investments that span the capital structure, including high-yield bonds, leveraged loans, convertible bonds, alternative credit, structured credit, and equities. These solutions leverage Fidelity's research platform, investment process, and risk management systems in order to meet the evolving needs and expectations of our customers and institutional clients. The division boasts a fully integrated, highly skilled team that can identify anomalies, provide insight into market trading dynamics, and minimize transaction costs.
The Role
Join our dynamic High Income & Alternatives team as a key thought leader driving investment decisions up-and-down the capital structure in the high-yield, leveraged loan, and distressed debt markets. We are seeking an experienced and intellectually curious Research Analyst to generate impactful, fundamentally driven investment ideas. This is a highly visible role where your analysis and recommendations will directly influence portfolio construction and performance.
Located in our Boston office, you will report to the Managing Director of Research for High Income & Alternatives and collaborate closely with a dedicated team of portfolio managers and research analysts.
The Value You Deliver
- Originate, underwrite, and actively monitor investment opportunities across the full capital structure within the high-yield and leveraged loan landscape, including high-yield bonds, leveraged loans, convertible bonds, and equities.
- Conduct deep-dive fundamental analysis of corporate credit, including assessing complex capital structures, covenant packages, and potential recovery scenarios.
- Develop and maintain detailed financial models, including projections, valuation analysis, and restructuring waterfall models to formulate and support investment theses.
- Publish insightful, quality research reports and present compelling investment recommendations to the portfolio management team.
- Act as a subject matter expert for credits under coverage, providing real-time analysis and commentary on earnings, and market-moving events.
- Proactively identify and analyze macroeconomic and industry trends, catalysts, and dislocations to generate new investment ideas.
- Mentor and develop junior analysts, fostering a collaborative and high-performing team culture.
We are seeking a candidate with a proven track record of delivering high-quality credit analysis and a passion for the markets.
- Experience: A minimum of 7 years of relevant buy-side or sell-side experience in high-yield, leveraged finance, or distressed debt research. Direct experience analyzing companies through in- and out-of-court restructurings is highly desired.
- Education: A strong academic background is required. A Master’s degree (MBA) and/or a Chartered Financial Analyst (CFA) designation is strongly preferred.
- Technical Skills: Expert-level proficiency in financial modeling, valuation, and credit analysis is essential. Must have the ability to assess legal documentation (credit agreements, indentures) and understand the drivers of both credit and equity-related instruments.
- Communication: Exceptional written and verbal communication skills, with a proven ability to articulate and defend complex investment ideas concisely and persuasively.
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