Job Description:
Vice President, Operations & Services Groups Finance
The Role
Fund and Brokerage Operations and Technology (FBOT) plays an integral role in driving business growth across the firm. Delivering premier support is about getting the day-to-day right through best-in-class service and operations, having a secure and resilient technology ecosystem, and ensuring we are ready to respond to regulatory and industry change. FBOT is at the center of innovation with the modernization of our platforms, workflow digitization, and data optimization for better insights and analysis. By delivering these new capabilities and solutions, we are enabling our businesses to grow while providing seamless customer experiences.
The Team
The Vice President of OSG Finance will report to the Head of FBOT Finance & Strategy. This position will lead the finance function and manage a team comprised of decision support and FP&A associates providing direct support of Operations & Services Group (OSG). We support a $400M expense organization comprised of 1700 associates who provide back-office support (servicing a multitude of activities from almost 50M brokerage accounts) for all the Fidelity Brokerage businesses that OSG supports including Fidelity Brokerage, Fidelity Wealth, Clearing, Custody, Capital Markets, and FI Intermediary. OSG activities include clearing & settlement of domestic and international trades, asset servicing/corporate actions, margin, account maintenance/TOA, treasury, tax services, alternative investments, inbound operations, OSG client services and many more.
The successful candidate will work closely with the Head of OSG (Chief Operating Officer) providing financial direction during the planning process supporting a multi-year-plan, budget, and Forecast. The position will also partner with the OSG strategy & planning team to manage key initiatives, scale & efficiency efforts and KPIs. As the financial fiduciary, the role will coordinate with the business, corporate accounting, compliance, and risk to ensure the expense ledger and balance sheet are accurate and comply with policy. The role also provides business case support, presenting financials, providing financial stewardship for the business, closely managing scorecard metrics, and unit costing.
This leader will also be responsible for the financial oversight and management of $150M+ in vendor costs including external clearing/industry utilities, market data, and equipment & software. Additionally, the role provides guidance for Finance Tools such as Next Generation of Allocated Views (NGAV), providing activity-based costing to all of the brokerage channels supported by OSG.
The successful candidate will help FBOT and OSG leaders by bringing initiative-taking thought leadership and creative thinking to the FBOT finance organization. Success will require an analytical approach, collaboration skills, comprehensive problem solving, independent thinking, intellectual curiosity, and strong people management skills.
The Expertise We are Looking for and Skills You Bring
*Bachelor's degree in finance/accounting or equivalent with 12+ years of experience or advanced degree with 10+ years of experience.
*In-depth knowledge of the brokerage industry and underlying activities.
*Outstanding strategic, analytical, communication, conceptual thinking, project management, and problem-solving capabilities.
*Excellent communications skills and proven ability to influence leaders at all levels.
*Ability to create innovative and fresh solutions for solving challenging issues and end to end problem solving capabilities.
*Build and motivate effective, purposeful teams through coaching, empowering and mentoring skills.
*Proven ability to work on cross-functional teams.
*Strong organization, prioritization, and project management skills.
*Confidence and ability to influence business partners.
*In-depth, working knowledge of financial applications including data sources.
Note: Fidelity is not providing immigration sponsorship for this position
The base salary range for this position is $123,000-$207,000 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.
