What are the responsibilities and job description for the Director – Valuation Oversight, Asset Management Treasurer’s Office position at Fidelity Investments Inc.?
Job Description : The Role
A variety of soft skills and experience may be required for the following role Please ensure you check the overview below carefully.
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
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.
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