Director, AM Treasurer's Office-Valuation Oversight
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 and monitors operational controls, with a focus on fair value processes for privately held securities. The role manages valuation processes for privately held and complex securities across Fidelity funds and accounts, including reviewing and approving fair value determinations. It maintains valuation policies and procedures and recommends updates as needed. The Director manages relationships and ongoing engagement with third-party service providers and fund auditors; coordinates service-provider activities; administers daily control functions; and performs market surveillance. The role supports Fidelity valuation committees by preparing and reviewing activity and risk reports, presenting key findings, testing fair value methodologies, and coordinating fair value determinations and documentation. It also manages and mentors junior associates and provides guidance on valuation practices, while partnering across Fidelity with Fund and Investment Operations and Asset Management teams in Compliance, Risk, Technology, and Investment Divisions. The Asset Management Treasurer’s Office provides fiduciary oversight of Fidelity funds, shareholder activity, and service providers. It sets and monitors adherence to fund policies and supports the Funds’ Boards of Trustees in their responsibilities to Fidelity Mutual Funds. The office also supports new products by ensuring appropriate oversight is in place before implementation.
Requirements
- A minimum of 7 years of industry or equivalent experience.
- Experience building and reviewing DCF models, comparable company models, and stock option models.
- Subject matter expertise in technical accounting standards and generally accepted valuation methodologies for complex and alternative investments, such as private equity, private debt, direct loans, real estate, and derivatives.
- Knowledge of operational risk management, internal controls, governance, and oversight processes.
- Advanced working knowledge of MS Excel.
- Collaborative working style and willingness to tackle complex problems.
- Ability to work independently and apply sound judgment to identify issues, assess risks, and determine matters requiring attention.
- Ability to explain complex financial modeling and valuation concepts to diverse audiences.
- Strong commitment to accuracy, quality, and task completion.
- Excellent organizational, operational, and project/process management skills.
- Highly proficient verbal, written, and formal presentation communication skills.
- Strong research and analytical skills; ability to make and communicate decisions and prioritize multiple tasks and time-sensitive activities.
- Bachelor’s degree in Finance or Accounting, or equivalent.
Nice To Haves
- Prior experience preparing and/or auditing private placement valuations.
- CFA, CPA, and/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, including reviewing and approving fair value determinations.
- Maintain valuation policies and procedures and recommend changes or updates as appropriate.
- 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 fair value determinations and related documentation.
- Manage and mentor junior associates and provide guidance on best valuation practices.
- Partner with Fund and Investment Operations and Asset Management business partners in Compliance, Risk, Technology, and Investment Divisions.
Benefits
- Comprehensive health care coverage and emotional well-being support.
- Market-leading retirement benefits.
- Generous paid time off and parental leave.
- Charitable giving employee match program.
- Educational assistance, including student loan repayment, tuition reimbursement, and learning resources.
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What This Job Offers
Job Type
Full-time
Career Level
Director
