Vice President - Brokerage Operations

Job Description:

Vice President - 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 middle office functions, primarily but not exclusively as they relate to equity and options securities business, including trade clearing and settlement, segregation, inventory management, buy-ins, stock record, trial balance, reconciliation, margin, corporate actions, and the like.

• Supervise platform operations: 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.

• Drive necessary changes: Work closely with executive management and relevant Product Managers and Technology Developers to force the adoption of changes to the organization, processes, or technologies which would eliminate those weaknesses/anomalies/inefficiencies.

• Improve information and transparency: Contribute to the ongoing gathering and analysis of relevant platform data and key measures which support the continuous optimization process just described.

• Team development: As a leader, drive high standards while supporting a strong team ethos, maximizing job satisfaction, and developing and supporting future leaders.

The Expertise and Skills You Bring

• Strong subject matter expertise relative to the products and processes listed above

• 12+ years of experience within relevant business areas

• Facility with key compliance rules and requirements for these areas

• Extensive 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

• FINRA General Securities Principal license (Series 24) preferred, FINRA Financial and Operations Principal license (Series 27) a strong plus

• 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 $103,000-$174,000 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:

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. 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 all business days of every other week in a Fidelity office.

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.

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