Fidelity Investments - Boston, MA
posted 4 months ago
Fidelity Capital Markets (FCM) is seeking a Director of Municipal Finance to enhance the growth of our co-managed negotiated business. This role is pivotal as FCM serves as the conduit to the new issue market for both individual and professional retail clients across the enterprise. The primary objective is to ensure regular and ongoing access to the market through competitive and co-managed negotiated transactions. The Director will play a crucial role in expanding our municipal finance coverage and building strong relationships with issuers, thereby ensuring that our retail investors have access to a diverse range of issuer bonds. In this position, you will act as the primary point of contact for most issuer clients, managing the Request for Proposal (RFP) process and coordinating with various internal teams, including the underwriting desk, compliance, market strategy, and other business partners. This collaboration is essential to facilitate access and engagement with the market. The Director will also be responsible for advocating retail-friendly issuance strategies, which include structuring, order periods, and priority, ensuring that the needs of retail investors are met. The role requires a strong understanding of the new issue transaction process, municipal credits, and bond structures. You will be expected to participate actively in the origination process, which includes due diligence meetings, pricing and offering statement reviews, and syndicate calls. Additionally, you will develop and deliver educational and marketing strategies that support Fidelity's various distribution channels. Managing the capital commitment procedure with guidance from underwriting, risk, and desk strategists will also be part of your responsibilities, as you prepare reports for FCM's Capital Commitment Committee. The position demands excellent communication skills, with a proven ability to present effectively and write clearly. You will represent the department at relevant industry conferences and may be required to travel up to 30% of the time. Candidates should possess the Series 7, 63, and 52 licenses, with the possibility of needing to secure the Series 53 and/or 24 licenses as well.
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