Fidelity Investments
Director - Brokerage Operations
Fidelity Investments, Boston, Massachusetts, us, 02298
Job Description:
Director - Brokerage Operations
The Role
The candidate would be a leader within an evolving team which is reinventing core brokerage processes and technologies to meet changing customer and industry needs. The right individual will apply deep analytical skills and extensive expertise in brokerage processing to validate and improve various processes in relevant areas to ensure that they support the highest standards for customer service, flexibility, efficiency, transparency, control, regulatory compliance, and operational risk mitigation.
The areas in focus for this role are back office functions, primarily but not exclusively as they relate to equity, options and mutual fund trading business, including trade clearing and settlement, segregation, inventory management, buy-ins, stock record, trial balance, reconciliation, margin, corporate actions, and the like. Oversee business flows and transaction processing, ensuring proper and timely resolution of exceptions and anomalies to ensure impeccable customer service and firm risk mitigation Identify platform and process weakness: Evaluate product designs and process flows relative to the business, service, risk, and compliance requirements of the various middle office functions. Identify weaknesses, anomalies, and inefficiencies. Collaborate with business partners and relevant Product Managers and Technology Developers to implement the adoption of changes to the product offerings, processes, or technologies which would eliminate those weaknesses/anomalies/inefficiencies. Contribute to the ongoing gathering and analysis of relevant platform data and key measures which support the continuous optimization process just described. The Expertise and Skills You Bring
Strong subject matter expertise relative to the products and processes listed above 8+ years of experience within relevant business areas Facility with key compliance rules and requirements for these areas Knowledge of general brokerage operations and processes Facility with technology concepts and the technology development lifecycle Strong process improvement orientation and ability to spot weaknesses in process performance and compliance Experience with DTCC and OCC integration and day-to-day operations Team building and mentorship skills Series 7 & 24 or 99 licensing is required. Deep knowledge and understanding of multiple brokerage back office domains Analytical prowess decomposing complex processes and solving puzzles Facility with platform technologies and the technology development process Attention to detail; intolerance of design clunkiness and process inefficiency Positive attitude and excellent interpersonal, relationship, leadership and motivational skills
The Team
Green Pier Fintech LLC is a division of the Fidelity Center for Applied Technology (FCAT). The Green Pier and Green Meadows team is bringing new technology and processes to life that will enable Fidelity to target new markets and customer segments; a business squarely executing on not one or two but four Fidelity operating principles - next generation platforms, efficiency and reduction of unit costs, new sources of revenue, and high quality customer experiences - and which embodies the Fidelity leadership principle of taking risks and valuing pace over perfection.
The base salary range for this position is $85,000-$144,000 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.
Certifications:
Category:
Brokerage Operations
Director - Brokerage Operations
The Role
The candidate would be a leader within an evolving team which is reinventing core brokerage processes and technologies to meet changing customer and industry needs. The right individual will apply deep analytical skills and extensive expertise in brokerage processing to validate and improve various processes in relevant areas to ensure that they support the highest standards for customer service, flexibility, efficiency, transparency, control, regulatory compliance, and operational risk mitigation.
The areas in focus for this role are back office functions, primarily but not exclusively as they relate to equity, options and mutual fund trading business, including trade clearing and settlement, segregation, inventory management, buy-ins, stock record, trial balance, reconciliation, margin, corporate actions, and the like. Oversee business flows and transaction processing, ensuring proper and timely resolution of exceptions and anomalies to ensure impeccable customer service and firm risk mitigation Identify platform and process weakness: Evaluate product designs and process flows relative to the business, service, risk, and compliance requirements of the various middle office functions. Identify weaknesses, anomalies, and inefficiencies. Collaborate with business partners and relevant Product Managers and Technology Developers to implement the adoption of changes to the product offerings, processes, or technologies which would eliminate those weaknesses/anomalies/inefficiencies. Contribute to the ongoing gathering and analysis of relevant platform data and key measures which support the continuous optimization process just described. The Expertise and Skills You Bring
Strong subject matter expertise relative to the products and processes listed above 8+ years of experience within relevant business areas Facility with key compliance rules and requirements for these areas Knowledge of general brokerage operations and processes Facility with technology concepts and the technology development lifecycle Strong process improvement orientation and ability to spot weaknesses in process performance and compliance Experience with DTCC and OCC integration and day-to-day operations Team building and mentorship skills Series 7 & 24 or 99 licensing is required. Deep knowledge and understanding of multiple brokerage back office domains Analytical prowess decomposing complex processes and solving puzzles Facility with platform technologies and the technology development process Attention to detail; intolerance of design clunkiness and process inefficiency Positive attitude and excellent interpersonal, relationship, leadership and motivational skills
The Team
Green Pier Fintech LLC is a division of the Fidelity Center for Applied Technology (FCAT). The Green Pier and Green Meadows team is bringing new technology and processes to life that will enable Fidelity to target new markets and customer segments; a business squarely executing on not one or two but four Fidelity operating principles - next generation platforms, efficiency and reduction of unit costs, new sources of revenue, and high quality customer experiences - and which embodies the Fidelity leadership principle of taking risks and valuing pace over perfection.
The base salary range for this position is $85,000-$144,000 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.
Certifications:
Category:
Brokerage Operations