Job Description:

The Role

The Senior Representative, Alternative Investments role involves reconciling the Operations and Services Groups’ Alternative Investment positions, held in book entry form in a timely manner to mitigate risk and exposure to the organization. The primary responsibility will be the generation and processing of paperwork as well as following up on aging transactions. These activities are performed daily and require adherence to policies, procedures, and regulatory guidelines. Associates are also responsible for the generation of account change and re-registration paperwork and following up on aged items in a timely manner.  

• Minimize risk to the organization by resolving discrepancies within 7 days of identifying
• Analyze and research discrepancies with issuers
• Take in reporting information and upload timely
• Process various maintenance requests
• Interact with various fund companies and their transfer agents
• Identify process improvement opportunities
• Prioritize and maintain control on all discrepancies by age/market value

The Skills and Expertise You Bring:

• College degree preferred
• 1-2 years financial services experience preferred
• Prior experience with the alternative investment product is preferred
• Prior reconciliation experience is preferred
• Knowledge of alternative investment products and reconciliation process   

• Detail oriented, ability to work effectively with minimal supervision
• Team player with capability to help maintain a positive work environment
• Strong analytical and decision-making skills
• Ability to prioritize and work effectively in a fast-paced environment with multiple deadlines and processes 
• Exceptional quality and productivity in current role
• Ability to handle and resolve complex problems ·      
• Strong verbal and written interaction skills including ability to explain complex processes
• Effective time management skills and ability to prioritize and multi-task.
• Strong PC skills - Word, Excel and Access

The Team

Operations & Services Group (OSG) provides superior customer service to Fidelity’s Institutional Products Group’s businesses through innovation, dedication and commitment to excellence. With eight operating divisions located throughout the country, OSG provides securities execution, clearance, and information management services to retail, institutional, and correspondent clients. OSG performs tens of thousands of over the counter, listed equities, options, bonds, and mutual fund transactions daily. 

The base salary range for this position is $39,000-$61,000 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