Multi Asset

Graduate Programme

Investment management. Fund management. Portfolio management. They’re all generic terms for what we do but we usually refer to our front-office business as Asset Management, as it’s where our investment decisions are made. It’s here that you’ll find Portfolio Managers, Research Analysts, Traders and Quantitative Specialists working in Equities (stocks) or Fixed Income (dealing in bonds, gilts and similar). This is also home to Multi Asset, which invests across multiple asset classes to get the best returns from a client’s fund or portfolio. 

Multi Asset is a specialist team, dedicated to designing and managing high-performing, client-centric investment solutions. Created to meet the increasing demand for investment portfolios that precisely match individual needs and diversify risk, it’s a fast-growing team that takes a highly sophisticated approach to fund management. The team specialises in Solution Design, Tactical Asset Allocation, Strategy Selection and Risk Management.

You’ll join the growing London office, working with Senior Managers on real research for major clients straight away. However, you’ll gain experience considerably further afield too; all our graduates gain invaluable overseas experience during rotations in Hong Kong and Tokyo. 

Whatever you’ve studied, we will teach you the skills and knowledge you need and help you get advanced professional qualifications. You’ll need intellectual curiosity, and the absolute commitment to serving clients that everyone at Fidelity shares.

 

 
Tigran – Multi Asset Graduate Programme
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Programme overview

What you'll be doing

Multi Asset professionals use sophisticated qualitative and quantitative investment techniques to get the best returns from a client’s fund or portfolio, while still carefully managing risk. The group invests across equities, bonds, real estate, commodities and alternatives, so there’s a big remit here. 

Two years of rotations will cover our core capabilities – Solutions Design, Tactical Asset Allocation, Strategy Selection and Product Management. You’ll see how we build multi-asset portfolios that deliver in the short and long term, and how we select the right talent to manage funds. Crucially, you’ll research alternative investment strategies across equities, commodities, bonds, property and more, learning about the behaviour of different asset classes in the markets. 

Expect plenty of international exposure, working directly with international clients and experiencing different cultural approaches, including a secondment to our Hong Kong and Tokyo offices. You’ll enjoy full support on all overseas rotations by our relocation teams. 

You’ll gain exposure to a wide array of client types and work closely with senior colleagues in both Europe and on rotation in Asia. We’ll expect you to take an active part in research meetings, give your opinions on markets and industry insights, and learn how to justify your points as part of a community of experts. By the programme’s end, you will have developed many of the skills required to run a fund. 

Who we look for

Strong numerical and analytical capabilities alone aren’t enough. To evaluate asset classes you need strong powers of self-motivation, keen attention to detail and good technical and analytical skills. It’s a matter of being able to think strategically, then use quantitative models to back up your ideas. So we look for intelligent, quick-thinking graduates with a keen interest in the industry.

For that reason, we take on people from all degree disciplines. You will need to have high grades at A level and achieved (or be on track for) a 2:1. We know we can teach you the modelling techniques: what we really want to see is drive, confidence, evidence of independent thinking and the ability to communicate, negotiate and articulate your ideas to people inside and outside the business. Individuals who combine excellence in both quantitative and qualitative fields typically succeed within Multi Asset. An appetite for travel is essential.  

Your training and development

We invest a lot in our graduates. In Fixed Income, we’ll prepare you to sit both the Chartered Financial Analyst (CFA) Level 1 exam and Investment Management Certificate (IMC). We support further training such as the CFA Levels 2 and 3, however, these are not mandatory.

COME AND MEET US

Get a unique insight into what we do, and how we do it, by attending one of our events. View our events calendar here.

Day in the life

How we make it happen

Through outstanding investment solutions and world class customer support, we do the utmost to help our clients achieve their financial goals. As part of that, we’re always on the lookout for new business opportunities, ways to refresh our investment product offering, as well as for prospective new clients to invest – something that calls for the expertise of a variety of teams across a number of stages. It’s the combination of their specialist knowledge that makes it all happen.

Use our interactive game to learn more about each step in the process

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Test your knowledge by ordering each step one through to eight on the right. You’ll get two chances to score eight out of eight.

If you’re interested in a particular part of the process, you can click through to view the related graduate programme or internship.

 

Business opportunity identified

Fidelity is always looking for new business opportunities and we go about it in two ways. If we have the investment capability to launch a new product, we look to our Investment Team to determine how it could be worked into a new product. On the other side of things, our Sales and Marketing team speak to clients; listen to their requirements and spot gaps in the market place for a new product.

If this part of the process interests you, find out more about our Sales and Marketing or Business Management graduate programmes.

New fund designed, approved and created on system

Once an opportunity has been identified by the Sales or Investment teams, the Product Development team will progress its potential launch by analysing the competitive market, assessing its asset gathering potential and pulling together a business case for submission to the product review group. Once the new fund has been reviewed and formally approved by the product review group, it's set up on the Fidelity accounting system and in every country and currency that it wants to invest in.

If this part of the process interests you, find out more about our Business Management and Operational Management graduate programmes.

Fund launched with marketing campaign

With the new fund secured, we'll look to the Sales and Marketing team to launch it into market through as many channels as possible. That might include traditional advertising like specialist financial and general publications, mail shots to existing clients, poster campaigns, conference presentations and direct sales pitches. But we'll also make the most of new media and social networking platforms like Facebook, Twitter and various websites and blogs in order to reach the widest audience possible.

If this part of the process interests you, find out more about our Sales and Marketing or Business Management graduate programmes.

New client decides to invest in fund

As a result of our wide spread Sales and Marketing activity, a client will decide to invest in the new product. To do that means contacting our Customer Contact Centre and giving instructions on how much is to be invested and in which funds. Similarly, if a client wishes to redeem their holdings and withdraw their cash, they also call to speak to our Client Services teams. As often the only members of staff that a private investor will ever talk to, our Client Services teams are critical to our operation.

If this part of the process interests you, find out more about our Sales and Marketing graduate programme.

Customer account set up and checks completed

Before a new client can place a deal with Fidelity, our Accounts team need to set them up on our systems - allowing us to record their investment in the funds they wish to buy and account for the cash that they send us. It's also vital to carry out stringent checks as to where the money is coming from to ensure it is from a bona-fide source - a process carried out by our Anti Money Laundering Team

If this part of the process interests you, find out more about our Operational Management graduate programme.

New client monies invested in fund

Once the client is set up, the Dealing team uses the cash they've invested to buy units in the fund. The units are bought at the NAV (Net Asset Value) price calculated at close the previous working day and based on the value of the assets owned by the fund at that point. As part of our Broker Services, we also charge a one-off initial fee to the client in order to cover the cost of buying the stock in the market.

If this part of the process interests you, find out more about our Equity Research, Fixed Income, Fidelity Solutions graduate programmes.

Fund manager manages the fund

Every morning the Fund Manager gets a cash flow report. It's up to the Portfolio Services Group to make sure that new client money is invested promptly and that there is enough cash in the fund to pay clients if they want to redeem their existing holding in a fund. From there, the Fund Manager draws on insight provided by our in-house team of Research Analysts to decide which stocks to invest the client money in, or which to sell. It's then down to the Traders to take the stock purchases and sales transactions to market where funds are bought or sold at a Net Asset Value (NAV) price - a price calculated by our Accounting team based on the value of the assets owned by each fund.

If this part of the process interests you, find more out about:

Fund performance calculated and fees charged

The performance of the fund is calculated on a daily basis by our Investment Statistics group. They monitor a fund's long-term performance compared to both its Index and similar funds run by competitors. Each fund is charged an annual management fee that's taken from the total assets owned by the fund so that all clients invested in the fund are charged equally.

If this part of the process interests you, find out more about our Business Management graduate programme.

Recruitment process

1. ONLINE TESTING

For this programme, you will firstly be required to take a numerical reasoning online test. You can only progress to the next stage of the recruitment process if you pass this test, so make sure you are prepared by practising the numerical test here

2. ONLINE APPLICATION

This is your first chance to impress us. Start by researching our business and the programme you’re interested in. Why do you want to work at Fidelity, and why you have picked this particular programme? Find out about our clients, services and competitors. Watch our video profiles. Use this site to see which programmes are best suited to your skills. 

You will be required to answer three generic questions that will help us start to piece together a picture of what makes you the person you are, along with your 1 page motivational cover letter and up-to-date 1 page CV.  Give it your undivided attention and complete it accurately and in full. You don’t have to do it all in one go – you can save and log in as many times as you want with your username and password.

Please note: We recommend that you apply early for all programmes. If application numbers are high, we may decide to bring the application deadline forward.

3. TELEPHONE INTERVIEW

If your application is successful, we’ll ask you to sit a competency-based telephone interview. Lasting 30-45 minutes, it will be carried out by a member of our campus recruitment team. We’ll be looking to find out why you chose your specific business area (and us), as well as uncovering a bit more about your background and skills, and how you use these day to day.

We’ll ask you specifically about skills relating to the role, so be sure to re-read the requirements of your chosen programme. It’s worth having a copy of your application to hand for reference too. And be ready to talk about topical financial news issues.

4. ASSESSMENT CENTRE

Impress us in your telephone interview and you will quickly know whether you've made it to the assessment centre. The assessment day will involve a mix of technical and motivational interviews, a numerical test and a technical case study exercise.

During the day, you’ll also get to meet the team and current graduates who’ll give you a real feel for what it’s like to work for us. This is also your chance to decide if we’re the right company for you, so use it to gain as much information as you can.

5. OFFER

Stand out at the assessment centre and we’ll offer you a place on our graduate programme. You’ll have two weeks from the day you receive your offer to make a decision. We know you’ll have many questions at this stage and the Campus Recruitment Team will be on hand to guide you. We can even assign you a current graduate as a buddy to help with your decision making. Having gone through the process previously, they’ll be well-placed to answer questions and offer advice. Plus they’ll continue to be on hand to support you on your first day and beyond.

Deadlines

Applications close Wednesday 30th November 2016.