Manager, Equity Trading

About the role

We are seeking an equity trader to join the US Cash Equity Trading team within Fidelity Capital Markets. The team performs block trades, portfolio trades, and corporate buybacks. This person will have the opportunity to help manage order flow with our existing roster of clients as well as help uncover new opportunities to increase revenue. This will include providing the best execution to our clients by effectively managing equity order flow and providing outstanding client service and market expertise. The role will also help to implement new capabilities, workflow tools, and consistent trade implementation strategies to drive competitive positioning, execution quality, client happiness, and operational excellence.

Responsibilities

• Execute block orders in accordance with regulatory standards and client best execution
• Project confidence when speaking with clients as you are the product expert
• Represent Fidelity with utmost integrity toward clients and street-facing counterparties
• Knowledge of equity execution to help support both external and internal clients

Requirements

• BA or BS degree required
• 1–5 years of experience in financial services with some emphasis on one of the following: execution trading/sales-trading, trading technologies, technology support/operations
• Strong relationship management skills and the ability to develop new business for the desk
• FINRA security licenses: Series 7, Series 63, Series 57 (or equivalent compliance alternatives required to trade) or ability to obtain within 3 months
• Basic understanding of trading strategies, algorithms, and market structure
• Apply analytical discipline in algo selection, execution, and risk management by using your understanding of our clients’ investment process
• Coding proficiency in SQL and/or Python preferred
• Familiarity with Bloomberg, Newport (or other trading systems), pre- and post-trade analytics

Skills

• Collaborative team approach and willingness to improve operational efficiency by serving on ad-hoc projects
• Attention to detail and ability to escalate and explain issues quickly and clearly

Benefits

• Comprehensive health care coverage and emotional well-being support
• Market-leading retirement plans
• Generous paid time off and parental leave
• Charitable giving employee match program
• Educational assistance including student loan repayment, tuition reimbursement, and learning resources

Pay

The base salary range for this position is $80,000–$120,000 USD 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.