Director - Liquid Alts Portfolio Services

Fidelity•Boston, MA

10h•Onsite

About The Position

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.

Requirements

7 plus years working experience
Bachelor's degree required
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

Nice To Haves

CFA, CAIA or progress towards is preferred

Responsibilities

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.