VP, Investment Operations

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.

The Expertise and Skills You Bring

• 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.

• 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.

• 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.

• 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.

• 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.

• Identify, evaluate, coordinate, and implement cross-functional operational improvements.

• Collaborate cross-functionally to minimize risk and ensure sound operational processes exist and are accurately documented.

• Lead critical vendor relationships, including creation of performance scorecards, purchase orders and issues, in partnership with corporate procurement.

• 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.

• Undergraduate degree required; MBA preferred

• 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

• 10+ experience building and leading investment operations and/or operations teams

• 5+ years of people management experience, including managing other people managers

• Strong investment competence required

• Practical experience reviewing public and private investment transactions and documents

• Experience in Advent APX, SalesForce, XTRAC and RepApp a plus

• Phenomenal attention to detail and problem-solving skills

• Initiative, analytical and present to all stake holders information

• Ability to quickly synthesize substantial amounts of information

• Strong relationship building, interpersonal skills

• Interlexical curiosity ability to learn new skills, committed to help and support Fidelity Charitable digital transformation to best serve donors and advisors

• Passion for the non-profit sector and its mission for philanthropy

The Team

The Fidelity Charitable Gift Fund ("the charity") 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 - and increased charitable impact - 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 https://www.fidelitycharitable.org.

Company Culture

At 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.

Please see below for the salary range for work locations in Colorado only:

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Please see below for the salary range for work locations in New York City, Westchester County, NY and Jersey City, NJ only:

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Please see below for the salary range for work locations in California only:

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Please see below for the salary range for work locations in Washington only:

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Certifications:

Category:

Investment Operations