Fidelity
SVP, Head of Credit Alternatives
Fidelity, Manchester, New Hampshire, United States,
Job Description:
The RoleThe Institutional Client Group (ICG) is the distribution arm of Fidelity’s Asset Management business with responsibility for managing the investment relationships with Fortune 500, large public sector, endowments/foundations and insurance clients. We are looking for an experienced financial services professional who has experience in alternative credit. The ideal candidate has a growth mindset, investment acumen and the ability to collaborate across Product Development, Marketing, Sales, Consultant Relations, Asset Management, and Thought Leadership.The Head of Credit Alternatives will have deep knowledge of the alternative fixed income investing space and a track record of success and established relationships with institutional investors and allocators including pension funds, endowments, foundations, and insurance companies.This role will help drive the institutional distribution strategy for Fidelity’s credit alternatives. You will build relationships and collaborate with the portfolio management team, institutional distribution, marketing, and thought leadership teams to help execute the end-to-end sales process.The Expertise and Skills You BringBachelor’s degree required – MBA and/or CFA strongly desired12+ years of experience in credit alternativesExperience working with institutional investors across defined benefit, endowment-foundations, corporate balance sheet, and insurance general accountsExperience in the private markets including distressed debt and real estateAbility to partner across portfolio management team, institutional distribution, marketing, and thought leadershipStrong attention to detail and ability to multi-taskFINRA Series 7 and 63 requiredTalent for effectively communicating complex information – both verbally and in writingDesire to work effectively across a collaborative and inclusive cultureStrong work ethic and willingness to travel extensively for client meetings and events.The Purpose and Value of Your RoleThe primary goal of the SVP, Credit Alternatives role is to be the subject matter expert for all credit alternative product and help the experienced sales team drive AUM growth across Fidelity’s alternative investment capabilities. Key responsibilities include:Identify distribution channels for each credit alternative productDetermine collateral requirements for each distribution channelWork with marketing and thought leadership teams to develop collateralUnderstand the competitive landscape in each distribution channelEducate sales and relationship team on credit alternative products and competitive landscapeWork with the sales team to harvest and analyze data from proprietary and public information sources to generate best ideas and identify high conviction sales opportunitiesPresent updates of campaign efforts and key areas of focus for senior management and internal audiencesProactively attend industry conferences and capital introduction events and organize road shows.Collaborate with pertinent internal teams to enhance institutional reporting and due diligenceHow We Support YouProvide competitive base pay and the opportunity to participate in Fidelity’s variable compensation programOngoing training, coaching and personal development time to prepare you for long-term career growth and successOpportunity to work in a team environment, with a culture of collaboration, partnership and sharing of ideasAccess to a variety of employee resource groups and volunteer opportunities within the local communityOnsite fitness and wellness centers as well as company subsidized healthy meal options at our onsite cafeteriaCertifications:
Series 07 - FINRA, Series 63 - FINRACompany 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, 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.
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The RoleThe Institutional Client Group (ICG) is the distribution arm of Fidelity’s Asset Management business with responsibility for managing the investment relationships with Fortune 500, large public sector, endowments/foundations and insurance clients. We are looking for an experienced financial services professional who has experience in alternative credit. The ideal candidate has a growth mindset, investment acumen and the ability to collaborate across Product Development, Marketing, Sales, Consultant Relations, Asset Management, and Thought Leadership.The Head of Credit Alternatives will have deep knowledge of the alternative fixed income investing space and a track record of success and established relationships with institutional investors and allocators including pension funds, endowments, foundations, and insurance companies.This role will help drive the institutional distribution strategy for Fidelity’s credit alternatives. You will build relationships and collaborate with the portfolio management team, institutional distribution, marketing, and thought leadership teams to help execute the end-to-end sales process.The Expertise and Skills You BringBachelor’s degree required – MBA and/or CFA strongly desired12+ years of experience in credit alternativesExperience working with institutional investors across defined benefit, endowment-foundations, corporate balance sheet, and insurance general accountsExperience in the private markets including distressed debt and real estateAbility to partner across portfolio management team, institutional distribution, marketing, and thought leadershipStrong attention to detail and ability to multi-taskFINRA Series 7 and 63 requiredTalent for effectively communicating complex information – both verbally and in writingDesire to work effectively across a collaborative and inclusive cultureStrong work ethic and willingness to travel extensively for client meetings and events.The Purpose and Value of Your RoleThe primary goal of the SVP, Credit Alternatives role is to be the subject matter expert for all credit alternative product and help the experienced sales team drive AUM growth across Fidelity’s alternative investment capabilities. Key responsibilities include:Identify distribution channels for each credit alternative productDetermine collateral requirements for each distribution channelWork with marketing and thought leadership teams to develop collateralUnderstand the competitive landscape in each distribution channelEducate sales and relationship team on credit alternative products and competitive landscapeWork with the sales team to harvest and analyze data from proprietary and public information sources to generate best ideas and identify high conviction sales opportunitiesPresent updates of campaign efforts and key areas of focus for senior management and internal audiencesProactively attend industry conferences and capital introduction events and organize road shows.Collaborate with pertinent internal teams to enhance institutional reporting and due diligenceHow We Support YouProvide competitive base pay and the opportunity to participate in Fidelity’s variable compensation programOngoing training, coaching and personal development time to prepare you for long-term career growth and successOpportunity to work in a team environment, with a culture of collaboration, partnership and sharing of ideasAccess to a variety of employee resource groups and volunteer opportunities within the local communityOnsite fitness and wellness centers as well as company subsidized healthy meal options at our onsite cafeteriaCertifications:
Series 07 - FINRA, Series 63 - FINRACompany 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, 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.
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