Director, AM Treasurer's Office-Valuation Oversight

Fidelity • Boston, MA

10d

About The Position

The Director of Valuation Oversight in Asset Management’s Treasurer’s Office oversees valuation and pricing operations for Fidelity retail and institutional funds, with a focus on fair value processes for privately held and complex securities. The role manages valuation processes across Fidelity funds and accounts, including reviewing and approving fair value determinations, maintaining valuation policies and procedures, and recommending updates as needed.

The Director manages relationships with third-party service providers and fund auditors, coordinates provider activities, administers daily controls, and performs market surveillance. The role supports valuation committees by preparing and reviewing activity and risk reports, presenting findings, testing fair value methodologies, and coordinating fair value determinations and their documentation. It also includes managing and mentoring junior associates and advising on valuation practices.

The position works across Fidelity, partnering with Fund and Investment Operations and business partners in Compliance, Risk, Technology, and Investment Divisions. The Asset Management Treasurer’s Office provides fiduciary oversight of Fidelity funds, shareholder activity, and service providers, monitors adherence to fund policies, supports the Funds’ Boards of Trustees, and helps ensure appropriate oversight for new investment products.

Requirements

• At least 7 years of industry or equivalent experience.
• Subject matter expertise in technical accounting standards and generally accepted valuation methodologies for complex and alternative investments.
• Knowledge of operational risk management, internal controls, governance, and oversight processes.
• Advanced working knowledge of Microsoft Excel.
• Bachelor’s degree in Finance, Accounting, or equivalent.
• Ability to work independently, apply sound judgment, identify risks and issues, and communicate complex financial modeling and valuation concepts to diverse audiences.
• Commitment to accuracy, quality, and completing tasks.
• Strong organizational, operational, and project/process management skills.
• Highly proficient verbal, written, and presentation communication skills.
• Strong research and analytical skills, with the ability to make and communicate decisions.
• Ability to prioritize multiple tasks and initiatives and handle time-sensitive activities.

Nice To Haves

• Prior experience preparing and/or auditing private placement valuations.
• Experience building and reviewing DCF, comparable company, and stock option models.
• CFA, CPA, or equivalent designation.
• Graduate MS or MBA degree in Finance or Accounting.

Responsibilities

• Oversee valuation and pricing operations for Fidelity retail and institutional funds and monitor operational controls.
• Manage valuation processes for privately held and complex securities across Fidelity funds and accounts.
• Review and approve fair value determinations.
• Maintain valuation policies and procedures and recommend changes or updates.
• Manage relationships and ongoing engagement with third-party service providers and fund auditors.
• Coordinate third-party service provider activities, administer daily control functions, and perform market surveillance.
• Support valuation committees by preparing and reviewing activity and risk reports, presenting key findings, testing fair value methodologies, and coordinating determinations and documentation.
• Manage and mentor junior associates and provide guidance on valuation practices.
• Partner with Fund and Investment Operations and business partners in Compliance, Risk, Technology, and Investment Divisions.

Benefits

• Comprehensive health care coverage.
• Emotional well-being support.
• Retirement benefits.
• Paid time off.
• Parental leave.
• Charitable giving employee match program.
• Educational assistance, including student loan repayment, tuition reimbursement, and learning resources.

What This Job Offers

• Job Type: Full-time
• Career Level: Director