2105251
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 Funds and monitoring operational controls. In this role you will support the development, implementation, and administration of valuation processes for the funds’ investments in private market strategies including equity, credit, and real assets. You will coordinate and oversee the activities of third-party service providers, external fund managers, and Fidelity’s internal pricing and bookkeeping agent Fidelity Fund and Investment Operations (FFIO). You will administer control functions, support testing of fair value methodologies, and coordinate the fair value determination process and related documentation. You will maintain valuation policies and procedures and recommend changes and updates as appropriate and necessary. You will think and work across Fidelity, partnering with the rest of the Asset Management Treasurer’s Office and collaborating with business partners in FFIO, Compliance, Risk, Technology, and the various Investment Divisions across the firm.
The Expertise
- A minimum of 10 years industry or equivalent experience
- 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 methods for complex and alternative investment classes (e.g., private equity, direct loans, real estate, fund-of-funds)
- 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
The Skills You Bring
- Motivated initiative-taker with the ability to work independently
- Ability to apply sound judgment to spot issues, assess risks, and identify items requiring attention
- Unwavering commitment to accuracy, quality, and completion of tasks
- Possess excellent organizational, operations, and project/process management skills
- Highly proficient verbal and written communication skills and strong presentation capability
- Advanced excel skills and experience developing light automation solutions
- Possess strong research and analytical skills
- Ability to make and effectively communicate decisions
- Ability to prioritize multiple tasks/initiatives and handle time-sensitive activities
- Ability to explain valuation concepts to diverse audiences
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 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
Company Overview
Fidelity Investments is a privately held company with a mission
to strengthen the financial well-being of our clients. We help people invest and plan for their future. We assist companies and non-profit organizations in delivering benefits to their employees. And we provide institutions and independent advisors with investment and technology solutions to help invest their own clients’ money.
Join Us
At Fidelity, you’ll find endless opportunities to build a meaningful career that positively impacts peoples’ lives, including yours. You can take advantage of flexible benefits that support you through every stage of your career, empowering you to thrive at work and at home. Honored with a Glassdoor Employees’ Choice Award, we have been recognized by our employees as a top 10 Best Place to Work in 2024. And you don’t need a finance background to succeed at Fidelity—we offer a range of opportunities for learning so you can build the career you’ve always imagined.
Fidelity’s hybrid working model blends the best of both onsite and offsite work experiences. Having the majority of our associates work onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most roles listed as Hybrid will require associates to work onsite all business days of every other week in a Fidelity office. This does not apply to roles listed as Remote or Onsite.
At Fidelity, we value honesty, integrity, and the safety of our associates and customers within a heavily regulated industry. Certain roles may require candidates to go through a preliminary credit check during the screening process. Candidates who are presented with a Fidelity offer will need to go through a background investigation, detailed in this document, and may be asked to provide additional documentation as requested. This investigation includes but is not limited to a criminal, civil litigations and regulatory review, employment, education, and credit review (role dependent). These investigations will account for 7 years or more of history, depending on the role. Where permitted by federal or state law, Fidelity will also conduct a pre-employment drug screen, which will review for the following substances: Amphetamines, THC (marijuana), cocaine, opiates, phencyclidine.
We invite you to
Find Your Fidelity at fidelitycareers.com.
Fidelity Investments is an equal opportunity employer. We believe that the most effective way to attract, develop and retain a diverse workforce is to build an enduring culture of inclusion and belonging.
Fidelity will reasonably accommodate applicants with disabilities who need adjustments to participate in the application or interview process. To initiate a request for an accommodation, contact the HR Accommodation Team by sending an email to accommodations@fmr.com.
