Assistant Treasurer

Fidelity will not provide immigration sponsorship for this position.

The Role – Assistant Treasurer

As part of the Treasury leadership team reporting to the Corporate Treasurer, the Assistant Treasurer has responsibility for core strategic aspects of Corporate Treasury:

• Liquidity Management
  • Overall liquidity target setting and composition framework
  • Liquidity stress testing and contingency planning
  • Daily cash management and forecasting
• Balance Sheet Management
  • Capital planning and forecasting
  • Stakeholder management (e.g., rating agencies, shareholders)
  • Governance and reporting (including Corp ALCO)
  • Capital markets activity (e.g., debt, funding)
• Investments
  • Fixed income portfolio strategy
  • Seed and pilot capital
  • Loans and lines of credit

The role will also involve providing support to FMR senior executives across Financial Services and Devonshire Investors and their respective teams.

The Expertise and Skills You Bring

• Significant treasury management experience in a senior capacity gained within one or more complex, global organizations.
• Strong knowledge of capital markets, debt structuring and derivative instruments with key relationships across global financial institutions.
• Senior level presence, with the ability to gain trust and demonstrate credibility. Ability to thoughtfully challenge decisions or recommendations as appropriate. Ability to collaborate with critical partners of all levels and subject areas.
• Proven influencing, negotiating, relationship management and communication skills both internal and external to the organization.
• High degree of commercial awareness and business understanding.
• Excellent and demonstrable management and leadership skills.
• Proactive focus and depth of thought is required with a can-do attitude. Individual must possess the ability to anticipate requirements and obstacles, and have plans to address them.
• Capability to balance high level requirements of the job and drill down to the details where appropriate.

Key Responsibilities

• Manage and develop a team of 8-10 treasury professionals focused on liquidity management, balance sheet management, and investments, primarily located in Boston.
• Development of FMR’s long-term balance sheet strategy and forecasts, including capital, liquidity, and investments.
• Development of FMR’s liquidity target setting framework and liquidity composition across all liquid and contingent funding sources, updating of liquidity stress tests, and periodic testing of capabilities.
• Capital planning analysis of capital and investment requests, as well as partnership with tax, legal, corporate development, shares, and other groups for key corporate actions, restructurings or capital distribution analysis.
• Daily cash management and forecasting of cash flow needs.
• Management of all Treasury capital markets activity, including funding, repo, debt issuance/redemption, and hedging.

• Oversight of seed and pilot capital investments and loans and lines of credit to internal entities as well as third parties.

• Oversight of key balance sheet and liquidity reports.

• Management of Corporate ALCO agenda.
• Partner with businesses on money movement and digital asset initiatives.
• Build and maintain strong relationships with key partners across our businesses, as well as rating agencies and other key third parties.
• Ensure a rigorous approach to financial and operational risk management.
• Play a lead role in ensuring that the Corporate Treasury function evolves in line with business priorities and best practices, embracing change and challenging the status quo.
• Build and maintain corporate policies and procedures as they relate to the Corporate Treasury function, including resiliency and contingency planning.

Fidelity’s Onsite Working Model
Fidelity is transitioning to a full-time onsite working model through a phased rollout across regions and roles. Currently, some roles and locations require 100% onsite presence, while others require less. Onsite expectations are likely to evolve as the rollout continues. This transition does not apply to fully remote roles.

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.