Job Description:

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

The Role

The Portfolio Services team within Liquid Alts Investment Services provides critical support to the investment organization to help ensure the integrity of the operational landscape and serve as a primary point of contact for investment professionals. We do this by taking the lead on new product implementation and product updates, troubleshooting problems, addressing business partner inquiries, coordinating cross-company initiatives, and driving efficient business processes. This role will have a focus on new instrument testing and implementation, in support of our Liquid Alternative products.

We are looking for someone who is passionate and motivated with a strong desire to support the investment process on behalf of our customers!  We work alongside investment professionals and key business partners to drive efficiency and bring new products and services to our retail and institutional customers.   The Director of Portfolio Services is a leader who demonstrates the ability to manage complex projects, help triage business issues, establish efficient and effective processes, and maintain relationships across the organization in support of critical strategic priorities. The successful candidate will excel in a fast-paced environment, demonstrate the ability to lead complex initiatives, drive creative solutions, and be highly flexible in an extremely dynamic environment.

The Expertise and Skills You Bring

• 7plus years working experience

• Bachelor's degree required, CFA, CAIA or progress towards is preferred

• Broad-based Fidelity and/or investment industry experience primarily focused on supporting investment processes, including strong knowledge of front-, middle- and back-office investment functions and operations
• Working knowledge of complex instrument types (e.g., Futures, Options, Equity TRS, CDX, IRS, FX Forwards, Swaptions, etc.) Familiarity with derivative lifecycle events including settlements, collateral, clearing, pricing, and related reference data
• Strong understanding of different strategy structures or legal wrappers (e.g., mutual funds - 40-Act/81-102, ETFs, hedge funds, limited partnerships, etc.)
• Strong project-management skills; can think end-to-end about processes and workflows
• Demonstrated relationship building and influence capabilities
• Excellent written and oral communication skills
• Strong interpersonal skills with ability to collaborate with multiple stakeholders

The Successful Candidate will:

• Support strategic cross-advisor new instrument testing and enablement
• Provide Derivatives subject matter expertise and advise on industry best practices
• Engage with portfolio teams to develop roadmap to deliver key capabilities to meet the demands of product pipeline
• Serve as central point of contact for coordination with all support functions for new derivatives (e.g., Futures, Options, Total Return Swaps, Swaptions, CDS/X, FX, Inflation, etc.)
• Establish point of accountability for cross-AM derivatives program/implementation
• Drive the implementation of derivatives platform and associated control/oversight/monitoring processes
• Develop framework with operations partners (FFIO) to ensure required processing, settlement, and ongoing maintenance of derivative instruments and serve as escalation contact
• Build a framework to monitor and report on the end-to-end derivative lifecycle across AM, Treasurer’s Office and FFIO teams’ (e.g., Complex Securities Committee)
• Establish governance framework with appropriate teams to understand changes and implications to global regulatory and market structure and coordinate implementation of required changes
• Work with technology counterparts to identify, prioritize, and implement enhancements
• Partner with Derivatives Risk Manager (DRM) to develop and implement a derivatives play-book (i.e., training curriculum), outlining different types of derivatives, why/how they are used (i.e., investment rationale) and implemented, etc.

The Team

The Asset Management Investment Services (AMIS) group comprises the following teams: Investment Services, Investment Risk Management, Business Operations and Strategy, and Fidelity Fund Investment Operations. AMIS is a global organization that is focused on advancing the strategic priorities of Fidelity and Asset Management through innovation, business partner alignment, and building and supporting a culture that challenges the status quo and promotes vitality.  The teams work together to support Asset Management’s strategic goals while being the best partner to the business to protect our clients via proactive compliance monitoring, risk oversight and strategic business planning. The team’s key organizational themes are business partnership and stewardship, modernization and digitization, innovation, and talent development.

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Fidelity’s Onsite Working Model
Fidelity is transitioning to a full-time onsite working model through a phased rollout across regions and roles. Currently, some roles and locations require 100% onsite presence, while others require less. Onsite expectations are likely to evolve as the rollout continues. This transition does not apply to fully remote roles.

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.

Please be advised that Fidelity’s business is governed by the provisions of the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, the Investment Company Act of 1940, ERISA, numerous state laws governing securities, investment and retirement-related financial activities and the rules and regulations of numerous self-regulatory organizations, including FINRA, among others. Those laws and regulations may restrict Fidelity from hiring and/or associating with individuals with certain Criminal Histories.

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