The Division 

With more than $913 billion in assets under management, Fidelity Institutional is a leading provider of asset allocation solutions for institutional clients. The range of investment solutions includes active allocation strategies, custom solutions and target date funds.

The Value You Deliver 

The Institutional Portfolio Manager (IPM) will play an integral role in addressing institutional client needs through a solutions-based approach. As the external facing member of the portfolio management team the IPM will primarily interact with Finance and Investment Committees, Boards, and Business Offices of endowments, foundations, non-profit organizations and Pension/Investment Consultants to drive new business opportunities and service clients through investment policy discussions, capital market reviews and investment solution positioning and performance reviews.

The IPM will work in close partnership with the portfolio management, research, thought leadership, finance, legal, marketing, product and distribution teams. This level of integration is critical to provide: 

Depth of investment insight to effectively communicate externally as an extension of the portfolio management team

Transparency and understanding of the investment process, including but not limited to Money Market mutual funds

Capital market perspectives that influence investment solutions and strategy

Marketplace credibility to represent the portfolio managers and investment process as well as the overall Fidelity organization most effectively in client, consultant, and industry conference speaking engagements

Ongoing feedback on marketplace perspectives, developments, and competitor trends to the investment and distribution organizations to enhance investment and business platforms

Investment infrastructure / product management support to improve investment solution offerings and implementations, including marketing, client reporting and product / solutions positioning

Core Competencies 

The IPM will have: 

Investment acumen to understand how portfolios can be structured to achieve client goals; Asset class expertise across global public and private market investments with emphasis on Money Markets

Advanced problem-solving skills with the ability to collaborate across multiple internal business groups and external clients and consultants

Advanced client communication skills in delivering asset solutions to institutional clients

A desire to contribute to thought leadership efforts – articles, speaking, research – to support Fidelity’s institutional business

The Skills & Experience You Bring 

Experience and Education: 

10-15 years of investment industry experience

Successful track record of institutional solutions analytical work and investment management strategy implementation to a broad spectrum of institutional constituencies

CFA designation preferred but not required

Skills and Knowledge: 

Relevant Fixed Income investment experience and demonstrated understanding and views of both money markets and bond markets and their market structure

Thorough understanding of rule 2a-7 which regulates Money Market funds

Highly effective and consistent written and verbal communication skills

Ability to successfully articulate detailed mechanics of client issues/analytics and investment solutions to institutional clients

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 present investment process, portfolio strategy and investment information in a clear and effective way to both internal and external constituents

High level of enthusiasm for discovering new investment opportunities and considering investment strategies

Meticulous attention to detail; strong ability to prioritize and manage time

Ability to assist distribution partners with materials and/or in meetings, to share market views, portfolio capabilities, performance, and related perspectives

Ability to travel frequently, with an overall expectation on average of 20-30% travel

Company 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 hybrid working model blends the best of both onsite and offsite work experiences. Having the majority of our associates work onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most roles listed as Hybrid will require associates to work onsite all business days of every other week in a Fidelity office. This does not apply to roles listed as Remote or Onsite.

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, detailed in this document, 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.