Director, Valuations & Operations for Fidelity Funds & Alternative Investme at Fidelity Investments

Merrimack, New Hampshire, United States -

Full Time

Start Date

Immediate

Expiry Date

03 Jul, 26

Salary

0.0

Posted On

04 Apr, 26

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Valuation, Security Pricing, Fund Accounting, Investment Operations, Risk Management, Compliance, Derivative Valuation, Fixed Income, Equities, Alternative Investments, Operational Leadership, Team Management, Process Improvement, Data Analysis, Stakeholder Management, NAV Production

Industry

Financial Services

Description

Job Description: The Role We are seeking a Director of Valuations who will be a senior operations leader responsible for running the daily valuation operation and ensuring consistent, timely, and well-controlled security pricing across Fidelity’s full suite of products. This role is accountable for day-to-day governance, personnel leadership, operational decision-making, control adherence, workflow execution and control discipline supporting daily NAV production and full support for the funds’ certification. You will lead multiple valuation teams responsible for the daily pricing and valuation of equities, fixed income, alternatives, and complex derivative instruments. Success in this role requires a leader who can balance technical judgment with operational rigor, keep teams focused under time pressure, and ensure valuation processes run smoothly, predictably, and defensibly every day. This role partners closely with Fund Accounting, Investment Operations, Market Data, Risk, Compliance, and Technology to ensure valuation activities are operationally sound, scalable, and aligned with regulatory and fiduciary expectations. Responsibilities include: Daily Operations & Execution Leadership • Own the daily valuation production cycle, ensuring pricing and valuation activities are completed accurately, on time, and in accordance with policy. • Act as the primary operational decision-maker for valuation issues arising during daily NAV runs, including exception resolution, judgment calls, and escalations. • Establish clear operational rhythms, handoffs, and coverage models to support consistent execution. • Monitor daily risk indicators, pricing exceptions, and valuation anomalies, ensuring timely resolution. • Ensure valuation processes are repeatable, well-controlled, and resilient. People & Team Leadership • Lead, coach, and develop multiple valuation teams with accountability for staffing, performance management, and engagement. • Set clear expectations for execution quality, accountability, and decision-making. • Build a culture of ownership, operational discipline, and continuous improvement. • Ensure training and readiness for new products and market conditions. • Provide hands-on leadership during high-pressure situations. Operational Controls & Risk Management • Embed valuation controls into daily workflows. • Oversee pricing validation, exception thresholds, and fair value governance. • Ensure decisions are well-documented and defensible. • Partner with Risk and Compliance to address findings. • Proactively assess and mitigate operational risk. Process Improvement & Operational Strategy • Drive simplification, automation, and standardization of valuation workflows. • Partner with Technology and Data teams on system enhancements. • Lead operational readiness for new instruments. • Translate valuation policy into executable operating procedures. Stakeholder Partnership & Communication • Serve as the primary operational point of contact for valuation matters. • Communicate clearly on valuation issues and operational impact. • Escalate issues with defined options and recommendations. • Represent Valuations in operational forums, audits, and regulatory interactions. The Expertise and Skills You Bring • Bachelor’s degree required; MBA or advanced degree strongly preferred. • Proven financial services operations experience with a focus on execution excellence. • Extensive financial services experience, including deep exposure to security pricing, valuation controls, and mutual fund operations. • Proven ability to run a large, time-sensitive daily operation. • Strong people leadership and decision-making skills. • Sound judgement and proven ability to manage ambiguity, prioritize multiple demands, and lead teams under pressure in a fast-moving environment. • Solid understanding of valuation methodologies across asset classes. Advanced knowledge of equity, fixed income, derivative, and alternative asset valuation methodologies across US and European markets. • Demonstrated expertise in derivative valuation and the ability to guide teams through complex, judgment-based pricing decisions. • Strong analytical, problem-solving, and anomaly-detection skills with the ability to synthesize complex data into clear recommendations. • Exceptional communication skills, including the ability to influence senior stakeholders and deliver high-impact presentations. • Strong mentorship capabilities, and the ability to cultivate a highly engaged, inclusive, and high-performance culture. Note: Fidelity is not providing immigration sponsorship for this position. The Team The Valuation Team is part of Fund Operations within Fidelity Fund and Investment Operations (FFIO). The organization supports daily pricing, accounting, billing, expense, and NAV oversight across Fidelity Retail and Institutional products, including ETFs and Alternative Funds. The team operates in a high-volume, deadline-driven environment where disciplined execution and strong operational leadership are critical to success. #FFIOALTS #Fidelityalts Certifications: Category: Investment Operations Most roles at Fidelity are Hybrid, requiring associates to work onsite every other week (all business days, M-F) in a Fidelity office. This does not apply to Remote or fully Onsite roles. Some roles may have unique onsite requirements. Please consult with your recruiter for the specific expectations for this position. 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. At Fidelity, we are passionate about making our financial expertise broadly accessible and effective in helping people live the lives they want! We are a privately held company that places a high degree of value in creating and nurturing a work environment that attracts the best talent and reflects our commitment to our associates. We are proud of our diverse and inclusive workplace where we respect and value our associates for their unique perspectives and experiences. For information about working at Fidelity, visit FidelityCareers.com. Fidelity Investments is an equal opportunity employer. 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 please contact the following: For roles based in the US: Contact the HR Leave of Absence/Accommodation Team by sending an email to accommodations@fmr.com, or by calling 800-835-5099, prompt 2, option 2 For roles based in Ireland: Contact AccommodationsIreland@fmr.com For roles based in Germany: Contact Accommodationsgermany@fmr.com Fidelity Privacy Policy

Responsibilities

The Director of Valuations is responsible for leading daily valuation operations, ensuring accurate and timely security pricing across all Fidelity products. This role involves managing valuation teams, overseeing operational controls, and partnering with cross-functional departments to ensure regulatory and fiduciary compliance.