Graduate Fixed Income Programme London 2022

Whether it’s the management of Investments, Funds or Portfolios. They’re all generic terms for what we do but we usually refer to our front-office business as Asset Management, as it’s where our investment decisions are made.

When those decisions relate to credit (bonds, gilts and similar), it’s our Fixed Income Investment team making them. This graduate programme will teach you how we do it. The team comprises expertise in portfolio management, trading, credit and quantitative research, investment directing and investment services.

You’ll get exposure to all aspects of the Fixed Income process and learn how we manage money for investors across the globe. Working on live projects with junior and senior team members, you’ll see how we use collaborative working and deep insights into risk to get a complete understanding of an investment.

About the role

We don’t expect you to come straight in and know everything about what we do. As a graduate, and whatever you’ve studied, we’ll help make sure you get the most out of being a full-time employee.

You’ll experience our credit risk, trading and investment directing departments and work on projects that will introduce you to the basics of preparing financial analysis and investment reports.

You’ll go to portfolio strategy meetings and learn directly from senior managers whilst developing your knowledge of financial modelling, research, risk exposure and the commercial aspects of fixed income products.

About your responsibilities

Credit Research

Credit Research Associates typically work with two credit analysts, mostly in a support function. The Associate is an important part of the team and can expect a certain degree of hands-on involvement from the start.

• Preparing financial analysis and reports and providing other support work for analysts as they formulate investment ideas for the Funds.
• To develop strong financial modelling skills.
• Be aware of the current Anti-Money Laundering requirements as they affect the business.
• To be familiar with and adhere to the requirements of Fidelity’s code of ethics.

Trading

Learn, understand and execute trade support functions and procedures; learn and understand how to facilitate trade related information and interpret desk policies as they relate to operational compliance and best practice requirements; generate suggestions for improvements within the group; manage all activities with absolute care and attention.

Operations

• Work with team members and support groups to resolve trade problems, allocations or settlement issues in accordance with Fidelity’s policies and procedures.
• Use all available trading and market information systems to efficiently provide quick information for resolution of trade problems and settlement issues.
• Proactively identify, research and correct pre and post trade problems resulting from daily trading activity of any international trades.
• Learn how to utilise Bloomberg and Point of Trade (POT).

Desk Compliance

• Learn internal compliance requirements and procedures as they relate to desk activity.
• Learn to understand and interpret daily compliance reporting.
• Review a number of trading reports.

Broker Relationship

• Support traders by facilitating communication between brokers and traders in relaying messages and answering phone calls.

Portfolio Management

• Support traders in effectively communicating with Portfolio Managers.
• Resolve Portfolio Manager queries with regards to holdings, pricing, valuations, cash etc.

Team Performance

• Work as a member of the trading team.
• Provide assistance to all members of the trading team and prioritise and manage expectations where there are conflicting requirements or demands on your time.

Trade Execution

• Support traders in accurate receipt, entry and checking of Portfolio Manager orders in the trading system.
• Support traders in booking trade executions/inter funds.
• Learn how to source, understand and apply relevant information from internal and external sources to resolve trade queries.

General

• Assist traders in determining proposed trades in response to Portfolio Manager order instructions.
• Provide general daily support to fixed income traders.
• Work with and suggest improvements to current trading and operational procedures.

Investment Directing

This function includes the strategic design and maintenance of our range of product offerings, regular representation of the existing funds and their portfolio managers in both written and oral form, and development of tactical marketing strategies that help our sales teams position our funds appropriately.

• Learn about how to develop the commercial aspects of the fixed income product range by:
• Offering comprehensive and outstanding reporting on fixed income funds.
• By promoting and creating new products to meet investors’ demands.
• Generating marketing material to support sales activity.
• It will increase your knowledge of the market structure

Training and development

You’ll start the graduate programme with a comprehensive induction, during which we’ll introduce you to investment management and how it fits into the City, as well as to financial markets. After that, there are many more ways to develop your skills through the duration of the program.

The programme is 2 years in length and as a graduate you can expect to rotate between Credit Research, Trading and Investment Directing departments to develop a detailed, end to end understanding of the FI investment process. Rotations vary in length allowing us to tailor the programme to the needs of the business and strengths of the graduate, but you will spend a minimum of 6 months with each team.

We will prepare you to sit in Chartered Financial Analyst (CFA) Level 1 exam during your graduate programme.

Social and networking events will help you get to know our people and culture. All the while you’ll be learning on the job, working to clear goals and understanding your own potential.

About you

You’ll be self-motivated, curious and enthusiastic about joining us at Fidelity. The work you’ll be doing requires creative thinking, attention to detail and the ability to multi-task.

You’ll be able to make decisions based on your numerical and analytical skills as well as being able to communicate your findings.

We welcome applications from students from all degree backgrounds. If you’re inquisitive and ambitious, a career at Fidelity could be a great opportunity for you.

As a minimum requirement you’ll need to:

• Have graduated in 2021 or be graduating in 2022 (Bachelor’s or Master’s degree)
• Have right to work in the UK at point of application. If you are currently on a Tier 4 / Student Visa, this means you have the right to work in the UK

Our clients come from all walks of life and so do we. We are proud of our inclusive culture and encourage applications from the widest mix of talent, whatever your age, gender, ethnicity, sexual orientation, gender identity, social background and more.

As a flexible employer, we trust our people to perform their role in the way that works best for them, our clients and our business. We are a disability-friendly company and would welcome a conversation with you if you feel you might benefit from any reasonable adjustments to perform to the best of your ability during the recruitment process and beyond.

How to apply

Please submit your application, including CV by Friday 12 November 2021 at 5pm.

We’ve worked hard to ensure our new process is fast and efficient. That means our application deadline is not about just ‘getting your foot’ in the door by the deadline, you need to apply, pass two online strengths-based assessments by then too.

All assessment centres will take place December / January.