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Director - Asset Management Treasurer's Office, Valuation Oversight

Fidelity

Fidelity

Accounting & Finance
Boston, MA, USA · Merrimack, NH, USA
Posted on Jul 11, 2024

Job Description:

The Role

As a Director of Valuation Oversight in Asset Management’s Treasurer’s Office, you will be responsible for overseeing the pricing operations of the Fidelity retail and institutional funds and monitoring operational controls. In this role you will manage the valuation processes for private and complex securities held across the Fidelity funds and accounts. You will maintain valuation policies and procedures and recommend changes and updates as appropriate and necessary. You will manage the relationships and ongoing engagement with third-party service providers and fund auditors. You will coordinate the activities of third-party service providers, administer daily control functions, and perform market surveillance. You will support Fidelity’s various valuation committees including preparation and review of activity and risk reports, testing of fair value methodologies, and coordination of fair value determinations and related documentation. You will think and work across Fidelity, partnering with Fidelity Fund and Investment Operations and with our key Asset Management business partners in Compliance, Risk, Technology, and the various Investment Divisions across the firm.

The Expertise and Skills You Bring

  • A minimum of 10 years industry or equivalent experience
  • A Bachelor’s degree in Finance/Accounting or equivalent. Graduate MS or MBA degree in Finance/Accounting a plus.
  • Subject matter expertise of technical accounting standards and generally accepted valuation methodologies for complex and alternative investments (private equity, private debt, direct loans, derivatives, etc.)
  • Prior experience preparing and/or auditing security valuations a plus
  • Knowledge of operational risk management and internal controls, governance and oversight processes
  • Advanced, working knowledge of MS Excel and MS Access
  • Collaborative working style, willingness to roll up sleeves and tackle complex problems
  • Motivated self-starter with the ability to work independently
  • Ability to apply sound judgment to spot issues, assess risks, and identify items requiring attention
  • Ability to explain difficult financial modeling/valuation concepts to diverse audiences
  • Unwavering commitment to accuracy, quality, and completion of tasks
  • Possess excellent organizational, operations, and project/process management skills
  • Highly proficient verbal, written and formal presentations communication skills
  • Possess strong research and analytical skills
  • Ability to make and effectively communicate decisions
  • Ability to prioritize multiple tasks/initiatives and handle time-sensitive activities

The Team

The Asset Management Treasurer’s Office provides fiduciary oversight of Fidelity’s 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 Fidelity’s existing products, we also actively support Asset Management’s efforts to expand investment capabilities by ensuring appropriate oversight is in place for new products prior to implementation.

Certifications: