Job Description
Director, Asset Management Treasurers Office - Expense Oversight
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Director, Asset Management Treasurers Office - Expense Oversight
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Responsibilities
The Expense Oversight (EO) team within the Asset Management Treasurers Office oversees a variety of activities and information pertaining to the expenses of the products advised by Fidelity. These products include Mutual Funds, ETFs, Institutional Pools, BDCs, Limited Partnerships and 529s invested across the full asset class spectrum, including alternatives and crypto. Day-to-day responsibilities for the team include:
- Interpretation of expense arrangements
- Delivering instructions to operations teams for processing
- Reviewing results for accuracy, including accruals, payments, and reporting
- Providing subject matter expertise to various stakeholders
Job Description The Role
Responsibilities The Expense Oversight (EO) team within the Asset Management Treasurers Office oversees a variety of activities and information pertaining to the expenses of the products advised by Fidelity. These products include Mutual Funds, ETFs, Institutional Pools, BDCs, Limited Partnerships and 529s invested across the full asset class spectrum, including alternatives and crypto. Day-to-day responsibilities for the team include:
- Interpretation of expense arrangements
- Delivering instructions to operations teams for processing
- Reviewing results for accuracy, including accruals, payments, and reporting
- Providing subject matter expertise to various stakeholders
Longer Term Areas Of Focus Include - Ensuring proper execution of controls
- Analysis of risks and controls to ensure proper risk mitigation
- Developing solutions as needed for new products or changing business requirements
- Partnering with key stakeholders on both tactical and strategic systems enhancements
As a Director on the Alternatives Team, you will take a lead role in the development and implementation of an oversight program designed to address the unique requirements and complexities of the alternatives asset class. You will also be responsible for the oversight of certain expense types, products and/or processes, and in doing so will engage independently in each of the activities listed above. This role involves working with and developing relationships within the Treasurers Office, Fidelity Fund and Investment Operations, key business partners within Asset Management, and various businesses across the firm.
This is a demanding role that in turn offers the potential for professional growth through the knowledge and skills that can be gained, and relationships developed.
The Expertise and Skills You Bring
- A minimum of 9 years industry or equivalent experience
- A bachelors degree in finance/accounting or equivalent
- Experience with alternatives products private equity, private credit, real assets, liquid alts, crypto
- Experience in applying technical accounting standards
- Experience with operational risk management and internal controls
- Advanced, working knowledge of MS Excel and PowerPoint
- Lead a team while also delivering on independent assignments
- Apply sound judgment to spot issues, assess risks, and identify items requiring attention
- Influence business partners and build strong relationships with Senior Leaders
- Make and effectively communicate decisions
- Summarize and present sophisticated findings in a clear, organized, and concise manner
- Prioritize multiple tasks/initiatives and handle time-sensitive activities
- Unwavering commitment to accuracy, quality, and completion of tasks
Note: Fidelity is not providing immigration sponsorship for this position. The Team
The Asset Management Treasurers Office provides fiduciary oversight of Fidelitys funds, shareholder activity, and service providers. We use industry knowledge, technical experience, and our responsibility as fiduciaries to set and monitor adherence to fund policies, and we support the Funds Boards of Trustees in fulfilling their responsibilities to the Fidelity Mutual Funds. In addition to overseeing Fidelitys existing products, we also actively support Asset Managements efforts to expand investment capabilities by ensuring appropriate oversight is in place for new products prior to implementation.
Fidelitys hybrid working model blends the best of both onsite and offsite work experiences. Working onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most hybrid roles require associates to work onsite every other week (all business days, M-F) in a Fidelity office. This does not apply to roles listed as Remote or Onsite.
Certifications Category:
Investment Operations
Fidelitys hybrid working model blends the best of both onsite and offsite work experiences. Working onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most hybrid roles require associates to work onsite every other week (all business days, M-F) in a Fidelity office.
Please be advised that Fidelitys 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.
Seniority level
Employment type
Employment type
Full-time
Job function
Job function
Finance and Sales
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Job Tags
Full time, Work experience placement, Work at office, Remote work,