Alternatives Trader

Fidelity Investments • Boston, MA

21h • $125,000 - $250,000 • Hybrid

About The Position

The Group Fidelity's Equity Division is responsible for managing more than 129 diversified mutual funds and over 50 industry specific funds. Assets under management total more than $950 billion. The department consists of over 200 Portfolio Managers, Research Analysts and Research Associates. The Equity Trading group is made up of 62 trading professionals across our Boston, London and Hong Kong desks, providing 24hour access to global markets. The Equity Trading group manages execution, portfolio services and quantitative analysis for equity, derivatives, convertible bonds and foreign exchange. The Role Based in Boston, this role joins the Global Alternatives Trading team—a collaborative, high‑impact group responsible for executing and monitoring multi‑asset derivatives and swap positions that support a wide range of Fidelity investment strategies. The team works closely with investment professionals, as well as partners across compliance, operations, and quantitative analytics, to deliver best‑in‑class trading outcomes. The Value You Deliver Lead the daily execution of a multi‑asset orderbook, with particular focus on credit derivatives including CDX, Interest Rate Swaps, Inflation Swaps, and Swaptions Identify the most effective liquidity channels while minimizing market impact Serve as a subject‑matter expert on derivatives structure and implementation across fund strategies Continuously evaluate existing fund positions to uncover alpha‑enhancing opportunities Engage proactively with Fidelity portfolio managers to discuss security selection and deliver differentiated market insights Cultivate and manage external broker‑dealer relationships to achieve optimal execution and unique liquidity access Partner with quantitative analytics teams to evaluate transaction costs and drive ongoing cost efficiency Develop and maintain a deep understanding of global regulatory regimes and internal Fidelity policies The Experience and Skills You Bring Bachelor’s degree Significant experience (5+ years) trading derivatives Strong understanding of alternatives investment strategies and the ability to communicate concisely with investment professionals A disciplined risk mindset with exceptional attention to detail, prioritization, and multitasking skills Ability to thrive both independently and within a collaborative team environment Creative problem‑solving abilities and sound decision‑making judgment A critical, analytical approach and willingness to challenge the status quo with new ideas Note: Fidelity will not provide immigration sponsorship for this position. The base salary range for this position is $125,000 - $250,000 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. Most roles at Fidelity are Hybrid, requiring associates to work onsite every other week (all business days, M-F) in a Fidelity office. This does not apply to Remote or fully Onsite roles. Some roles may have unique onsite requirements. Please consult with your recruiter for the specific expectations for this position. 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 At Fidelity, we are passionate about making our financial expertise broadly accessible and effective in helping people live the lives they want! We are a privately held company that places a high degree of value in creating and nurturing a work environment that attracts the best talent and reflects our commitment to our associates. We are proud of our diverse and inclusive workplace where we respect and value our associates for their unique perspectives and experiences. For information about working at Fidelity, visit FidelityCareers.com. Fidelity Investments is an equal opportunity employer. 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 please contact the following: For roles based in the US: Contact the HR Leave of Absence/Accommodation Team by sending an email to [email protected], or by calling 800-835-5099, prompt 2, option 2 For roles based in Ireland: Contact [email protected] For roles based in Germany: Contact [email protected] Fidelity Privacy Policy

Requirements

• Bachelor’s degree
• Significant experience (5+ years) trading derivatives
• Strong understanding of alternatives investment strategies and the ability to communicate concisely with investment professionals
• A disciplined risk mindset with exceptional attention to detail, prioritization, and multitasking skills
• Ability to thrive both independently and within a collaborative team environment
• Creative problem‑solving abilities and sound decision‑making judgment
• A critical, analytical approach and willingness to challenge the status quo with new ideas

Responsibilities

• Lead the daily execution of a multi‑asset orderbook, with particular focus on credit derivatives including CDX, Interest Rate Swaps, Inflation Swaps, and Swaptions
• Identify the most effective liquidity channels while minimizing market impact
• Serve as a subject‑matter expert on derivatives structure and implementation across fund strategies
• Continuously evaluate existing fund positions to uncover alpha‑enhancing opportunities
• Engage proactively with Fidelity portfolio managers to discuss security selection and deliver differentiated market insights
• Cultivate and manage external broker‑dealer relationships to achieve optimal execution and unique liquidity access
• Partner with quantitative analytics teams to evaluate transaction costs and drive ongoing cost efficiency
• Develop and maintain a deep understanding of global regulatory regimes and internal Fidelity policies

Benefits

• comprehensive health care coverage and emotional well-being support
• market-leading retirement
• generous paid time off and parental leave
• charitable giving employee match program
• educational assistance including student loan repayment, tuition reimbursement, and learning resources to develop your career

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level