The Corporate Governance Manager will review, analyse and formulate voting decisions for companies held in various Fidelity funds and institutional client portfolios. The individual will also help gather research, write memoranda and provide corporate governance advice to other business units within the fund complex as required.
The individual will also work with the investment team to identify and provide relevant ESG information, managing client and consultant queries, completing ESG risk analysis within portfolios and analyst coverage using external screening tools, and engaging with investee companies on ESG issues.
Proxy analysis will include an in-depth review and analysis of various materials including company annual reports and circulars, proxy voting advisor services, internal and external research. The individual will be required to consider the agenda proposals in line with Fidelity’s proxy voting guidelines and produce voting recommendations for discussion with the relevant portfolio managers.
The analysis requires familiarity with a variety of issues that may be presented for shareholder approval such as requests for additional capital authorisation, acquisitions/disposals, anti-takeover devices and shareholder proposals. In addition a thorough understanding of executive remuneration including all forms of equity incentive plans.
Research and Writing Skills:
The position requires good writing and research skills. Writing and research assignments will normally involve producing explanations for wider distribution within Fidelity related to specific pending proxy voting decisions as well as memoranda on ESG issues of topical interest. The analysis requires an ability to identify issues for escalation. In addition the analyst will contribute significantly to the production of quarterly report-writing for distribution to institutional clients.
Internal and External Communication:
The candidate will be required to develop mutually productive relationships with individuals from various parts of the Fidelity fund complex, including equity research, legal, compliance, investment directors, institutional, sales & marketing. Externally the candidate will interact with custodian banks, voting / ESG vendors, and brokers. In addition the candidate will be required to consult with investee companies including board members, company secretary, IR and other investee company representatives on various ESG issues and should be able to negotiate compromises in potential “vote against management”. The candidate may also represent Fidelity at General Meetings, industry conferences and panel discussion as required.
Project Management/Operational Skills and Problem-Solving:
The position requires strong project management skills and the ability to solve problems creatively. The candidate may be asked to participate in projects to facilitate and streamline the teams processes and should be alert for solutions to enhance efficiency.
The candidate will work with the investment teams globally to assist them in integrating ESG factors. The candidate will also work with the RFP team and other institutional support teams to organise responses to sustainability and ESG-related questionnaires.
Experience and Qualifications Required
- Prior experience of proxy voting is essential.
- Substantive knowledge of corporate governance issues in major developed markets.
- Working knowledge of the proxy voting plumbing and the voting process
- Prior experience of working for an asset manager desirable.
- Ability to form relationships and be credible with senior Fidelity management and external parties.
- Proactive approach to work with a proven ability to multitask
- Attention to detail.
- Ability to work under pressure.
- Team oriented with a creative and innovative mindset.
- Excellent analytical skills.
- Strong project management skills.
- Excellent communication skills.
- High energy level and enthusiasm for learning.