Senior Associate, Retirement & Institutional Custody Product Management at Fidelity Investments

Smithfield, Rhode Island, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, Wealth ManagementIndustries

Requirements

Bachelor’s degree (or its equivalent)
5+ years of experience with RIAs, Broker Dealers, independent record keepers, third party administrators, bank and trust company firms as brokerage clients
Experience with Defined Contribution and Defined Benefits retirement plans and their operational nuances
Working knowledge and work experience with individual retirement accounts and self-directed brokerage accounts
Experience with brokerage technology and a basic understanding of vendor integrations, third party record keeping and trust accounting software and the complex nature of third-party integrations
Strong knowledge of retirement products, the third party administrator model, wealth management services, operations, trust accounting, regulatory and compliance reporting
Trust Accounting experience is a plus
Experience with principal and income accounting, beneficiary disbursements, trustee and investment management fee calculations, administrative and investment reviews, bank regulatory reporting (RC-T, 13G, 13F), income tax returns for trusts
Ability to collaborate with a variety of technology teams to establish clear client-ready outcomes that enable platform adoption
Ability to collaborate with vendors to ensure client demands are met and projects are coordinated across all parties
Entrepreneurial drive—self-starter and critical problem solver with attention to detail, ability to work in a fast-paced and innovative work environment
Curious, driven, collaborative in nature and an excellent teammate
FINRA Series 99 and 7, or willingness to acquire within a prescribed period
A history of defining priorities based on business needs and critical metrics and providing clear readouts to senior management on progress

Responsibilities

Support the development and management of a holistic suite of retirement & institutional custody services for intermediary Fidelity clients such as RIAs, BDs, independent record keepers, banks, trust companies & family office firms
Interface directly with clients, vendors and internal stakeholders in sales, relationship management, operations and service to oversee the daily requirements of product management
Coordinate on net new initiatives
Drive the next iteration of products and services offered to these firms
Ensure current products and platforms operate to product and client specifications

Skills

Product Management

Retirement Products

Institutional Custody

RIAs

Broker Dealers

Record Keepers

Third Party Administrators

Defined Contribution Plans

Defined Benefit Plans

Trust Accounting

Wealth Management

Regulatory Compliance

Brokerage Technology

Vendor Integrations

Fidelity Investments

Investment management and financial services provider

About Fidelity Investments

Fidelity Investments offers a range of financial services and tools designed to help individuals manage their investments and stay informed about the markets. Their products include mobile applications and market monitoring tools that provide users with real-time market quotes, news, and trading capabilities. For example, the Fidelity Market Monitor for Glass delivers daily market quotes directly to Google Glass, while the Fidelity app for Windows Phone 8 allows users to access news and trading tools on their mobile devices. Additionally, features like the Watch List Visualization for iPad help users track stock price changes over time using a heatmap. What sets Fidelity apart from its competitors is its focus on integrating new technologies and user-friendly interfaces to enhance the investment experience. The goal of Fidelity Investments is to empower individuals with the information and tools they need to make informed financial decisions.

Boston, MassachusettsHeadquarters

1946Year Founded

$120,238.8MTotal Funding

DEBT_FINANCINGCompany Stage

Fintech, Financial ServicesIndustries

10,001+Employees

Benefits

Health Insurance

Mental Health Support

Hybrid Work Options

401(k) Retirement Plan

401(k) Company Match

Unlimited Paid Time Off

Parental Leave

Student Loan Assistance

Tuition Reimbursement

Risks

Loss of key personnel like Gita Bal may impact Fidelity's research capabilities.

Increased competition from Vanguard's new division could draw clients away from Fidelity.

Potential reputational risk from Bitcoin ETF outflows could affect Fidelity's offerings.

Differentiation

Fidelity Labs offers innovative beta products like Market Monitor for Google Glass.

Fidelity's mobile solutions are available on multiple platforms, including Windows Phone and iPad.

Fidelity's Open Limit Order Visualization provides unique insights into order execution proximity.

Upsides

Increased adoption of wearable tech could boost Fidelity's mobile solutions.

Growing interest in Bitcoin ETFs suggests expansion in Fidelity's digital asset offerings.

Rise of AI could benefit Fidelity's data analytics and AI-driven investment strategies.

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