VP, Investment Operations

Company: Fidelity Investments
Location: Durham
Posted on: September 19, 2023

Job Description:

Job Description:The Role
The Vice President, Execution Investment Operations will be accountable for providing leadership over multiple operational teams. The VP will play a significant role in coordinating the day-to-day monitoring and recordkeeping of managed-accounts, including the capital call process for alternative investments held in these accounts, the day-to-day operations of the Pooled Income Fund program ('PIF'), operational improvement in execution definition and implementation, critical issue management and capacity planning for future growth of accounts and assets. This position is a member Fidelity Charitable s Service this role will lead key initiatives across the service and operations organization, from both planning execution and perspective. Delivery & Operations organization and will report directly to the Head of Service. Overall, the role involves leading the daily operations and record keeping of managed-accounts, alternative investment money movement and planning and execution as well as all related activity associated with the PIF program. The role will also work closely with multiple Vice President level leaders across the business unit.\u00A0The Expertise and Skills You Bring\u00B7\u00A0\u00A0\u00A0\u00A0\u00A0\u00A0 Responsible for coordinating the daily operational work and providing a point of escalation for their teams, resolving risk incidents and/or audit findings, collaborating across the organization to implement and improve workflows, and developing the strategy and capacity plan for each team.\u00B7\u00A0\u00A0\u00A0\u00A0\u00A0\u00A0 Be responsible for the Portfolio Operations team s daily monitoring of investment activity in managed-accounts, maintenance of accurate position and transaction records in internal and external systems, managed-account set-up, and the identification and communication of managed-account contributions. In addition, the team is responsible for proxy voting reconciliation and providing audit support for the managed-account programs of Fidelity Charitable.\u00B7\u00A0\u00A0\u00A0\u00A0\u00A0\u00A0 Lead all aspects of the Alternative Investments team s communication and reconciliation of subscription, redemption, capital call and distribution activity, along with the calculation and tracking of valuation updates. The candidate will be directly involved with reporting out daily wire activity and new money movement requests to Investments team counterparts and senior leaders.\u00B7\u00A0\u00A0\u00A0\u00A0\u00A0\u00A0 Oversee the PIF Operations team, which handles donor and income beneficiary inquiries, quarterly income distributions, additional contributions, along with account maintenance, updates and closures and provide audit support to the internal partners.\u00B7\u00A0\u00A0\u00A0\u00A0\u00A0\u00A0 Lead and coordinate all planning activities across the manor 3 Operations teams, track and report on initiatives progress and work to resolve any outstanding issues.\u00B7\u00A0\u00A0\u00A0\u00A0\u00A0\u00A0 Identify, evaluate, coordinate, and implement cross-functional operational improvements.\u00B7\u00A0\u00A0\u00A0\u00A0\u00A0\u00A0 Collaborate cross-functionally to minimize risk and ensure sound operational processes exist and are accurately documented.\u00B7\u00A0\u00A0\u00A0\u00A0\u00A0\u00A0 Lead critical vendor relationships, including creation of performance scorecards, purchase orders and issues, in partnership with corporate procurement.\u00B7\u00A0\u00A0\u00A0\u00A0\u00A0\u00A0 Build and manage relationships with operational contacts at external custodians of Fidelity Charitable s donor-advised funds (as part of the Charitable Investment Advisor Program) to ensure complete and accurate data is provided to Advent.\u00B7\u00A0\u00A0\u00A0\u00A0\u00A0\u00A0 Undergraduate degree required; MBA preferred\u00B7\u00A0\u00A0\u00A0\u00A0\u00A0\u00A0 Minimum of 15 years of career experience, which should include a successful record of leading operational teams, project/product management experience, and operational improvement experience\u00B7\u00A0\u00A0\u00A0\u00A0\u00A0\u00A0 10+ experience building and leading investment operations and/or operations teams\u00B7\u00A0\u00A0\u00A0\u00A0\u00A0\u00A0 5+ years of people management experience, including managing other people managers\u00B7\u00A0\u00A0\u00A0\u00A0\u00A0\u00A0 Strong investment competence required\u00B7\u00A0\u00A0\u00A0\u00A0\u00A0\u00A0 Practical experience reviewing public and private investment transactions and documents\u00B7\u00A0\u00A0\u00A0\u00A0\u00A0\u00A0 Experience in Advent APX, SalesForce, XTRAC and RepApp a plus\u00B7\u00A0\u00A0\u00A0\u00A0\u00A0\u00A0 Phenomenal attention to detail and problem-solving skills\u00B7\u00A0\u00A0\u00A0\u00A0\u00A0\u00A0 Initiative, analytical and present to all stake holders information \u00B7\u00A0\u00A0\u00A0\u00A0\u00A0\u00A0 Ability to quickly synthesize substantial amounts of information\u00B7\u00A0\u00A0\u00A0\u00A0\u00A0\u00A0 Strong relationship building, interpersonal skills\u00B7\u00A0\u00A0\u00A0\u00A0\u00A0\u00A0 Interlexical curiosity ability to learn new skills, committed to help and support Fidelity Charitable digital transformation to best serve donors and advisors\u00B7\u00A0\u00A0\u00A0\u00A0\u00A0\u00A0 Passion for the non-profit sector and its mission for philanthropy
The TeamThe Fidelity Charitable Gift Fund (\u201Cthe charity\u201D) is a public charity that sponsors the largest national donor-advised fund program. Since 1991, the charity has introduced tens of thousands of donors to the benefits \u2014 and increased charitable impact \u2014 of using a donor-advised fund to meet their philanthropic goals. The charity is governed by an independent Board of Trustees, which has hired Fidelity Charitable ('FC'), a business unit of Fidelity Investments, as the service provider of the charity. These services include, but are not limited to, Program Development, Investments, Service Delivery, Marketing, Finance, Tax. Technology, Compliance, Risk, HR (Human Resources) and Fundraising.For more information about Fidelity Charitable, visit .
Company CultureAt Fidelity, you can find it all here. We reward ambitious, passionate individuals with a work environment that fosters diversity, teamwork and collaboration as well as encourages innovative ideas and fresh thinking. We recognize the value that employees individual differences can contribute to the forward-thinking and strong future of our company.
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Certifications:Company OverviewFidelity 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 UsAt 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--, we have been recognized by our employees as a Best Place to Work in 2023. 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.At Fidelity, our goal is for most people to work flexibly in a way that balances both personal and business needs with time onsite and offsite through what we re calling \u201C\u201D. Most associates will have a hybrid schedule with a requirement to work onsite at a Fidelity work location for at least one week, 5 consecutive days, every four weeks. These requirements are subject to change.We invite you to--Find Your Fidelity--at--.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--, or by calling 800-835-5099, prompt 2, option 3.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 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.

Keywords: Fidelity Investments, Durham , VP, Investment Operations, Executive , Durham, North Carolina