What are the responsibilities and job description for the Director, Liquid Alternative Instrument Readiness & Strategy position at Fidelity Investments?
Job Description
The Role
The Director, Liquid Alternative Instrument Readiness & Strategy is a member of the Fidelity Fund & Investment Operations (FFIO) Liquid Alternatives Team and is responsible for the onboarding of new alternative instruments into FFIO, coordinating work needed to support various Asset Manager investment paths. This role requires deep expertise of Alternative Instruments including (Swaps, Options, and Futures). The Director would be helping to define new service models and drive innovation in building scalable solutions to support the long-term growth of alternative instruments and reduce operational impact. This will involve documenting requirements with business partners on new instrument intake, working across FFIO to understand the current support model, identifying gaps, and working with service lines and business partners to develop scalable solutions in a timely manner. This role will work with other teams within FFIO as well as across the organization, collaborating with Asset Management, Legal, Risk, and Compliance on instrument readiness.
The Skills & Expertise You Bring
The Team
The Fidelity Fund & Investment Operations (FFIO) Liquid Alternatives team plays a vital role in ensuring that FFIO systems can support the full range of financial instruments used by Fidelity’s funds. Your contributions will help safeguard the accuracy of fund valuations, improve operational efficiency, and enable the successful launch of new investment products.
The base salary range for this position is $103,000-211,000 USD per year.
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.
Most roles at Fidelity are Hybrid, requiring associates to work onsite every other week (all business days, M-F) in a Fidelity office. This does not apply to Remote or fully Onsite roles.
Certifications
Category:
Investment Operations
The Role
The Director, Liquid Alternative Instrument Readiness & Strategy is a member of the Fidelity Fund & Investment Operations (FFIO) Liquid Alternatives Team and is responsible for the onboarding of new alternative instruments into FFIO, coordinating work needed to support various Asset Manager investment paths. This role requires deep expertise of Alternative Instruments including (Swaps, Options, and Futures). The Director would be helping to define new service models and drive innovation in building scalable solutions to support the long-term growth of alternative instruments and reduce operational impact. This will involve documenting requirements with business partners on new instrument intake, working across FFIO to understand the current support model, identifying gaps, and working with service lines and business partners to develop scalable solutions in a timely manner. This role will work with other teams within FFIO as well as across the organization, collaborating with Asset Management, Legal, Risk, and Compliance on instrument readiness.
The Skills & Expertise You Bring
- Bachelor's degree or equivalent experience in Finance/Accounting with at least 6-8 of those years spent in either Derivative middle or back office operations.
- Advanced knowledge of the alternative fund industry and hedge fund products.
- Detailed instrument knowledge (including Cleared and OTC Swaps, Options, Futures, Loans, and other Alternatives).
- Detailed understanding of the lifecycle of the complex instruments to aid in ensuring strong FFIO control structure.
- Experience supporting middle and back-office operations of derivatives instruments is preferred.
- Excellent communication skills with the ability to develop and deliver cogent, informative presentations to all levels and functions of business leadership and with Business Partners
- Presence and judgment to put forward well-reasoned recommendations and engage in dialogue with key decision-makers and Front Office Business Partners
- Understanding of financial and accounting principles and how to apply them in business.
- Supporting the onboarding of new instruments and products and ensuring operational readiness across FFIO
- Assisting FFIO Domains in identifying and resolving instrument-related issues
- Contributing to the development and implementation of enhancements to instrument support
- Collaborating with cross-functional teams to ensure data integrity and process alignment
- Helping maintain Fidelity’s reputation for operational excellence and innovation
The Team
The Fidelity Fund & Investment Operations (FFIO) Liquid Alternatives team plays a vital role in ensuring that FFIO systems can support the full range of financial instruments used by Fidelity’s funds. Your contributions will help safeguard the accuracy of fund valuations, improve operational efficiency, and enable the successful launch of new investment products.
The base salary range for this position is $103,000-211,000 USD per year.
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.
Most roles at Fidelity are Hybrid, requiring associates to work onsite every other week (all business days, M-F) in a Fidelity office. This does not apply to Remote or fully Onsite roles.
Certifications
Category:
Investment Operations
Salary : $103,000 - $211,000