Job Description:

Chief Investment Officer

Outstanding opportunity to lead the investment department of Fidelity’s reinsurance business, Soteria Reinsurance, as we expand our presence. Our vision is to develop a trusted, long-term partner to both retail customers and ceding companies by utilizing creative products, robust investment capabilities, and a strong capital base.

The Team 

The Chief Investment Officer for Soteria Reinsurance is a key member of Fidelity’s leadership team. The investment team designs and executes liability-driven investment strategies, portfolio construction, and repositioning to support the acquisition of new (re-)insurance liabilities. These strategies and associated portfolios must meet business needs (sufficient return on capital, regular investment income), while taking into consideration asset-liability matching, execution risk, and Soteria’s overall appetite for investment risk.

The Expertise You Have 

• Experienced leader with 15 years of experience in the (re-)insurance space overseeing management of asset portfolios
• MBA / Master’s degree in relevant field
• Multi-asset portfolio management and investment strategy structuring experience within an insurance / reinsurance environment
• Strong understanding of statutory capital models including Bermuda Solvency Capital Requirement and US Risk-Based Capital
• Experience managing fixed income portfolios in life insurance industry, including asset-liability management
• Demonstrable track record of successfully implementing investment strategies, especially in an insurance context
• Leadership and managerial competencies, with an ability to build relationships and exert influence in all directions
• Expert ability to work collaboratively with individuals across a wide variety of operational, functional, and technical disciplines

The Value You Deliver  

• Lead the investment management team, direct the companies’ investment processes, and manage the global asset portfolios
• Develop and articulate comprehensive investment strategies aligned with the firms' risk tolerances, return objectives, and market dynamics
• Lead the Asset-Liability Management (“ALM”) function
• Lead the development of transaction-specific asset and hedging strategies that optimize yield versus capital within regulatory, accounting, and risk management constraints
• Set the direction, management and oversight of in-force portfolios, internal managers, external managers, and legal entities
• Assess the performance of investment mandates and contribute to the assessment of portfolio management
• Work with asset managers to determine the best path to execution, including analysis of existing portfolios and the creation of target portfolios
• Represent FIG’s investment team – serve as key point of contact and partner closely with internal and external stakeholders including Fidelity senior leadership, Boards of Directors, regulators, rating agencies, ceding companies, etc.
• Negotiate investment guidelines and treaty terms with ceding companies to deliver the flexibility necessary to manage asset risk and generate target returns
• Contribute investment expertise to support new product development
• Mentor and develop staff, ensuring professional growth and knowledge enhancement

Company Overview

At Fidelity, we are passionate about making our financial expertise broadly accessible and effective in helping people live the lives they want! We are a privately held company that places a high degree of value in creating and nurturing a work environment that attracts the best talent and reflects our commitment to our associates. We are proud of our diverse and inclusive workplace where we respect and value our associates for their unique perspectives and experiences. For information about working at Fidelity, visit FidelityCareers.com. Fidelity Investments is an equal opportunity employer.

Fidelity will reasonably accommodate applicants with disabilities who need adjustments to complete the application or interview process. Please email us at accommodations@fmr.com or call 800-835-5099, prompt 2, option 2 if you would like to request an accommodation.

Certifications:

Company Overview

Fidelity Investments is a privately held company with a mission to strengthen the financial well-being of our clients. We help people invest and plan for their future. We assist companies and non-profit organizations in delivering benefits to their employees. And we provide institutions and independent advisors with investment and technology solutions to help invest their own clients’ money.

Join Us

At Fidelity, you’ll find endless opportunities to build a meaningful career that positively impacts peoples’ lives, including yours. You can take advantage of flexible benefits that support you through every stage of your career, empowering you to thrive at work and at home. Honored with a Glassdoor Employees’ Choice Award, we have been recognized by our employees as a top 10 Best Place to Work in 2024. And you don’t need a finance background to succeed at Fidelity—we offer a range of opportunities for learning so you can build the career you’ve always imagined.

Fidelity's working model blends the best of working offsite with maximizing time together in person to meet associate and business needs. Currently, most hybrid roles require associates to work onsite all business days of one assigned week per four-week period (beginning in September 2024, the requirement will be two full assigned weeks).

At Fidelity, we value honesty, integrity, and the safety of our associates and customers within a heavily regulated industry. Certain roles may require candidates to go through a preliminary credit check during the screening process. Candidates who are presented with a Fidelity offer will need to go through a background investigation, detailed in this document, and may be asked to provide additional documentation as requested. This investigation includes but is not limited to a criminal, civil litigations and regulatory review, employment, education, and credit review (role dependent). These investigations will account for 7 years or more of history, depending on the role. Where permitted by federal or state law, Fidelity will also conduct a pre-employment drug screen, which will review for the following substances: Amphetamines, THC (marijuana), cocaine, opiates, phencyclidine.

We invite you to Find Your Fidelity at fidelitycareers.com.

Fidelity Investments is an equal opportunity employer. We believe that the most effective way to attract, develop and retain a diverse workforce is to build an enduring culture of inclusion and belonging.

Fidelity will reasonably accommodate applicants with disabilities who need adjustments to participate in the application or interview process. To initiate a request for an accommodation, contact the HR Accommodation Team by sending an email to accommodations@fmr.com, or by calling 800-835-5099, prompt 2, option 3.