Fixed Income Institutional Portfolio Manager

Fixed Income Institutional Portfolio Manager

Title: Fixed Income Institutional Portfolio Manager
Location: New Hampshire
Position Overview
The Institutional Portfolio Manager (IPM) is responsible for aligning the investment objectives and asset management opportunities within the institutional investment marketplace with the ongoing management, innovation, development and delivery of asset allocation investment solutions provided by the Fixed Income Division of Fidelity Investments (FMR) and the distribution needs of its institutional asset management subsidiary, Pyramis Global Advisors (PGA).

The candidate's primary responsibility will be to work with other FMR IPMs to grow the fixed income franchise with institutional investors.

The IPM will serve as an integrated member of the investment management organization, with a focus on partnership with key PGA distribution professionals. The IPM will be a principal conduit to provide perspective and understanding regarding a spectrum of fixed income asset allocation solutions to a broad range of constituencies, including current and prospective clients, consultants, third-party gatekeepers, and other marketplace participants.

Additionally, the IPM will focus on delivering strategic marketplace insight into the investment management organization, including ongoing competitor perspectives and industry trends, as well as providing leadership in providing investment management content to PGA distribution and product management organizations.

Overall, the IPM will serve an influential role in reinforcing the identity of PGA in the institutional marketplace and contributing to investment priorities and practices within FMR through the PGA channel.

The IPM will be located in the fixed income division of Fidelity in Merrimack, NH and will be expected to actively engage Fidelity professionals in Boston as well as Smithfield, RI. The IPM will report to the Senior Vice President and Director of Bonds.

IPM Organizational Structure
The IPM is a member of the Fixed Income Division investment team and is fully embedded within its portfolio management team structure. This level of integration is critical to provide:
· refined transparency and understanding of investment process and strategies;
· effective sharing and collaboration environment for investment solution discussion and decision-making;
· marketplace credibility to most effectively represent PGA and overall Fidelity organization;
· ongoing delivery of marketplace perspective, developments and trends into the FMR investment organization;

Investment Knowledge
The IPM will maintain a comprehensive and ongoing understanding of FMR investment strategies:
· detailed understanding of FMR and underlying investment discipline investment strategy parameters;
· detailed understanding of FMR and underlying discipline investment process;
· ongoing understanding of characteristics and developments across fixed income as well as other relevant financial markets;
· comprehensive and ongoing understanding of FMR and underlying investment discipline current outlooks and portfolio positioning;

Fidelity/PGA Distribution Business Partnership
The IPM will be a principal conduit for FMR to support Fidelity's PGA distribution businesses to:
· Build and maintain partnerships and strengthen relationships across all relevant distribution businesses to broaden investment understanding and overall awareness of competitive strengths;
· Serve as primary investment contact for clients, with a focus on providing transparency with respect to investment philosophy, process, strategy and performance;
· Engage appropriate consulting and gatekeeper communities to provide investment transparency and to build organizational awareness;
· Oversee quality and integrity of client and market-facing investment communication material;
· Support focus on investment and product education, as well as thought leadership initiatives;

Fidelity PGA Product Management Partnership
The IPM will be a principal conduit for PGA to support the product management group within the investment management organization:
· Provide leadership and oversight for the maintenance of comprehensive marketplace and competitor analysis, with a focus on differentiating competitor investment process, investment performance and distribution strategies;
· Provide insight and counsel for investment solution enhancement and development initiatives;

Experience/Education
· Minimum 5-10 years investment management experience;
· Extensive experience managing portfolios or representing portfolio managers on fixed income solutions.
· Successful track record of direct representation of investment management strategies to broad spectrum of institutional constituencies;
· Demonstrated thought leadership and analytic capabilities;
· Accounting and Actuarial experience would be beneficial.
· CFA designation or MBA preferable.

Communication
· Highly effective and consistent written communication capabilities;
· Highly effective and consistent verbal communication capabilities;
· Ability to successfully articulate detailed mechanics of investment process;
· Successful track record of investment presentation creation and delivery to broad spectrum of institutional constituencies;

Personal
· Passion for financial markets, investment process and provision of effective investment solutions;
· Comfort and ability to work in a highly collaborative environment, with a frequent focus on gaining consensus across a broad spectrum of investment management, distribution, product management and senior management constituents;
· Capability to balance resolve and temperament in response to pursuing opportunity through organizational structure;
· Ability to travel frequently, with an overall expectation of an average two days per week.
· Occasional international travel should also be expected.