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Fidelity Investments

Vice President, Municipal Finance

Posted 21 Days Ago
Be an Early Applicant
4 Locations
120K-200K Annually
Senior level
4 Locations
120K-200K Annually
Senior level
The role involves managing municipal finance growth, building issuer relationships, coordinating transactions, and supporting retail investor access to bonds.
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Job Description:

The Role

Fidelity Capital Markets (FCM) seeks a Municipal Finance professional to support the growth of our co-managed negotiated business. FCM is the conduit to the new issue market for our individual and professional retail clients across the enterprise and seeks to ensure regular and ongoing access through both competitive and co-managed negotiated transactions. FCM intends to grow our participation in the negotiated new issue space primarily as a co-managed underwriter.

This position will help to build and grow our municipal finance coverage and issuer relationships and in turn help to ensure our retail investors have access to a wealth of issuers bonds. You will serve as the primary point of contact for most issuer clients, manage the RFP process, and coordinate with the underwriting desk, compliance and market strategy and other internal business partners to facilitate access and engagement.

The Expertise and Skills You Bring:

  • Undergraduate degree or equivalent work experience required (advanced degree a plus)
  • A minimum of 5+ years of within the public finance space.
  • Experience with issuer coverage, the new issue transaction process, municipal credits and bond structures.
  • Understanding of and ability to manage and respond to RFPs and/or similar procurement requirements.
  • Ability to advocate for retail-friendly issuance strategies (structures, order periods, priority).
  • Ability to collaborate productively and proactively with internal partners (underwriting, trading, compliance, risk, retail channels)
  • Comfort with and the ability to participate as expected in the origination process (due diligence meetings, POS review, syndicate calls, etc.)
  • Development and delivery of education and marketing strategies that support Fidelity's various distribution channels.
  • Manage capital commitment procedure with guidance from Underwriting, risk and desk strategists to prepare reports for FCM's Capital Commitment Committee.
  • Communication Skills: Demonstrated experience and comfort with presentations and strong writing skills.
  • Attend relevant industry conferences on behalf of the department.
  • Willingness to travel up to 30% of the time.
  • Series 7, 63, 52 (may request candidate to secure the 53 and or 24 as well)

The Team

Every year Fidelity Capital Markets underwrites hundreds of municipal bond and note transactions. Our goal is to deliver the full range of products to our investors including primary market access. We hope to engage our retail customers and supporting our issuer client’s transactions with our investors demand. By engaging FCM as an underwriter, issuers can leverage a deep pools of retail liquidity in the industry and tap into one of the largest trading networks of an industry leader.

  • Note: Fidelity will not provide immigration sponsorship for this position

The base salary range for this position is $120,000 - $200,000 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.

Fidelity’s hybrid working model blends the best of both onsite and offsite work experiences. Working onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most hybrid roles require associates to work onsite every other week (all business days, M-F) in a Fidelity office.

Certifications:

Category:Capital Markets Fixed Income

Top Skills

Bond Structures
Municipal Credits
Municipal Finance
Public Finance
HQ

Fidelity Investments Boston, Massachusetts, USA Office

245 Summer St, Boston, MA, United States, 02210

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