Job Description:

VICE PRESIDENT, NEW VENTURE DEVELOPMENT, FIDELITY LABS

Reporting to the Managing Director, Commercialization and Business Operations, the Vice President, New Venture Development will be responsible for exploring and making recommendations on new business opportunities to develop within Fidelity Labs. This role will identify, research and pitch ideas for new, category-defining businesses from Fidelity’s unique assets.

THE TEAM

This opportunity is brought to you by Fidelity Labs, Fidelity Investments’ in-house new business incubator. Founded in 2005, Fidelity Labs has played a critical role in driving growth and innovation for the firm for nearly two decades. The Fidelity Labs organization has a active portfolio of operating businesses and projects in early stages of development. Labs is constantly prototyping concepts for Fidelity’s next new ventures. Fidelity Labs is a dynamic workplace that combines the best parts of startup life—building from scratch, adapting quickly, and moon-shot ambition—with the scale and stability of an industry leader.

The Vice President, New Venture Development will identify new commercial business opportunities, build business cases, and help secure the necessary funding. This role will partner with Fidelity Consulting, Fidelity Corporate Development and 3rd party resources to explore opportunity spaces and research markets. You will also constantly assess Fidelity’s current capabilities and data assets and determine when they can be applied to commercial opportunities. A successful candidate will partner and influence internal and external technology and business leaders and is motivated by outcome and impact. The role will also help shape the Labs approach and analysis of markets, business models, and products.

More information can be found at labs.fidelity.com

THE EXPERTISE AND SKILLS YOU BRING

• MBA/Master’s degree in relevant field and 10+ years of relevant work experience

• Adept at leading multiple projects / initiatives at once

• Experienced ability to work collaboratively with individuals across a wide variety of operational, functional, and technical fields

• Intellectually curious individuals with a high degree of comfort with ambiguity

• Thrives in a fast-paced environment, high standards for performance with a continuous improvement attitude

• Ability to synthesize analysis and research into strategic insights and practical recommendations, including strategic analysis, financial analysis, operational analysis, and primary/secondary research

• Capable of influencing middle to senior management through both personal interactions as well as the creation and delivery of presentations

• Ability to assess risk and operationalize findings – turning research into actions

• You have experience measuring outcomes in terms of unit economics/SaaS metrics

• You have operational experience with the early development and/or assessment of business models and you are used to developing financial services products, platforms, and services.

• Ability to lead the prototyping of new concepts and engage with prospective users and customers to acquire relevant qualitative and quantitative feedback

• Background / experience in management / strategic consulting and/or new venture development

• Relevant experience in startup, financial services or financial technology is required

THE VALUE YOU DELIVER

• Defining business strategy, crafting an argument for why Fidelity should invest in the opportunity space, and securing funding and sponsorship for the proposed venture.

• Designing team structure and resource needs and working with functional leaders to source, onboard, and develop talent.

• Establishing critical underlying assumptions that must be true for new venture success

• Leading external business development (e.g. – acquisition, aqui-hire, etc.) efforts as needed, securing partnerships and relationships required for success.

• Playing a significant role in continuous improvement of our operating model and to overall incubator strategy

COMPANY OVERVIEW

At Fidelity, we are focused on 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 associates for their unique perspectives and experiences. For information about working at Fidelity, visit Fidelitycareers.com.

Fidelity Investments is an equal opportunity employer.

The base salary range for this position is $124,000-$262,000 per year.

Placement in the range will vary based on job responsibilities and scope, geographic location, candidate’s relevant experience, and other factors.

Base salary is only part of the total compensation package. Depending on the position and eligibility requirements, the offer package may also include bonus or other variable compensation.

We offer a wide range of benefits to meet your evolving needs and help you live your best life at work and at home. These benefits include comprehensive health care coverage and emotional well-being support, market-leading retirement, generous paid time off and parental leave, charitable giving employee match program, and educational assistance including student loan repayment, tuition reimbursement, and learning resources to develop your career. Note, the application window closes when the position is filled or unposted.

Please be advised that Fidelity’s 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.

Fidelity’s 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.

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