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Vice President, SMA Options Overlay Investment Services



Boston, MA, USA · Merrimack, NH, USA · smithfield, ri, usa
Posted on Tuesday, June 25, 2024

Job Description:

The Group

The Asset Management Compliance, Risk and Business Operations (CRBO) group comprises the following teams: AM Compliance, AM Risk, Business Operations and Strategy, Counterparty Research & Analytics and Investment Services. The teams work together to support Asset Management’s strategic goals while being the best partner to the business to protect our clients via proactive compliance monitoring, risk oversight and strategic business planning. The team’s key organizational themes are business partnership and stewardship, platform modernization, innovation, and talent development.

With over $700 billion in assets under management, Fidelity Asset Management Solutions (FAMS) is a leading provider of asset allocation solutions for retail and institutional clients. The range of investment solutions includes target date funds, target allocation funds, income and real return strategies, managed volatility strategies, and custom institutional solutions. Your work will be central to the success of Fidelity, and our strong heritage as a leading provider of asset allocation investment solutions.

The Role

The Vice President of Options Overlay Operations/Implementation will join the FAMS Investment Services team and become a key member of the SMA Option Overlay group responsible for designing, building, and managing the trading and operations process for the Option Overlay Platform. You will play a key role to develop net new capabilities, drive required technology development, and establish partnerships across the organization. You will develop operational processes for validating that client accounts and required data are ready for platform consumption, trades are executed correctly, identify any client account issues preventing the management of the accounts, and work across the organization to solve those issues.

The Value You Deliver

  • Design and development of operational processes to facilitate the management of SMA option overlay strategies
  • Work with technology to automate processes that can be scaled to support many individual accounts
  • Act as the point of contact for the investment team and business partners on operational needs
  • Manage day-to-day operational processes
  • Create an operations team to support SMA option overlays, as needed
  • Drive diversity of thought to improve and strengthen organization

The Expertise and Skills You Bring

  • Experience with SMA support
  • 10+ years of relevant work experience
  • CFA or progressing toward a plus
  • Ability to challenge the status quo to improve business results through new insights, concepts, and support models
  • Intellectual curiosity: have a genuine desire and ability to build more effective operations
  • Ability to drive solutions and sponsorship with senior leaders and investment professionals
  • Demonstrated experience leading projects and designing processes from scratch
  • Experience with option support and/or trading
  • Proactive problem solver, ability to find resolution while effectively communicating with multiple stakeholders
  • Deadline driven and comfortable with accountability for complex processes and error resolution
  • Expertise in option trading operations support
  • Working knowledge of SMA management process and complex concepts and regulations o Margin, option eligibility requirements, cash management of overlay strategies
  • Expertise in leading projects and cross organizational teams to practical outcomes
  • Collaborative team player willing to think creatively to solve problems
  • Excellent communication and organization skills
  • Strong program management acumen, ability to track and document work

At Fidelity, we are passionate about making our financial expertise broadly accessible and effective in helping people live the lives they want! We are a privately held company that places a high degree of value in creating and nurturing a work environment that attracts the best talent and reflects our commitment to our associates. We are proud of our diverse and inclusive workplace where we respect and value our associate for their unique perspectives and experiences. For information about working at Fidelity, visit FidelityCareers.com. Fidelity Investments is an equal opportunity employer.

Fidelity will reasonably accommodate applicants with disabilities who need adjustments in order to complete the application or interview process. Please email us at accommodations@fmr.com or call 800-835-5099, prompt 2, option 2 if you would like to request an accommodation.