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Product Development Director
Fidelity International
New York, NY, United States
Job Details - this job has expired, please see similar jobs below
About the opportunity
Department:
Index & Exchange Delivered
Location:Cannon Street
Reports To:Head of APAC Index & Exchange Delivered
About Fidelity International
Fidelity International (“FIL”) offers world-class investment solutions and retirement expertise. As a privately-owned, independent company, investment is our only business. We are driven by the needs of our clients, not by shareholders. Our vision is to deliver innovative client solutions for a better future for our clients.
Our people are passionate, engaged, smart and curious, and we give them the independence and the confidence to make a difference. While we take pride in the excellence of our investment solutions and client service, we know we can always do better. We are honest, respectful and make tough calls, challenging the status quo to achieve better outcomes through innovation. Above all else, we always put our clients first.
Find out more about what we do, our history, and how you could be a part of our future at www.fidelityrecruitment.com/about-us
Our Values
All of our people must be able to demonstrate affinity with the Fidelity core values:
Innovation
– Being willing to experiment and try new and better ways to serve our clients.
Integrity – Taking personal responsibility for always acting in the best interests of our clients.
Excellence – Striving to be the best while knowing we can always be better next time.
Our Behaviours
All of our people must be able to operate in accordance with our behaviours:
Commitment
– We are committed to our clients and proud to work for Fidelity. We push through obstacles to make things happen; we make decisions quickly and thoughtfully. We are individually committed to building a culture of excellence.
Collaboration – We collaborate with colleagues, seek alternative views, invite different ideas and always challenge traditional thinking. This approach allows us to create a whole that is much greater than the sum of its parts.
Client Focus –We are expected to, and measured on, our ability to put our client first. We go the extra mile to understand their needs and strive to exceed their expectations. We listen carefully, we communicate clearly, and we’re quick to respond. We’re respectful of the trust placed in us to manage their money.
Department Description
The Index & Exchange Delivered business is a
strategic priority for the firm as we look to evolve our product offering and capabilities to meet the changing needs of our clients.
The Index & Exchange Delivered platform will allow us to better serve our clients by offering new capabilities and efficient access to existing capabilities.
We have created a specialist Index & Exchange Delivered team that will work closely with existing Fidelity distribution and operational teams. This is a rare opportunity to contribute to the development of a high-profile new business whilst having the resources and financial backing of a large, established asset manager.
Purpose of your role
The Product Development Director will be responsible for leading the structuring and implementation of European domiciled index funds and ETFs as well as platform infrastructure requirements to support index funds and ETFs. The successful candidate will be required to oversee a team responsible for all project management initiatives associated with the launch and support of European domiciled passive, smart beta and active ETFs across multiple asset classes as well as critical facets of the supporting platform.
Key Responsibilities
• Responsibility for the structuring and implementation of new European domiciled index funds and ETFs. Oversee new product launches to ensure successful delivery.
• Ownership of the platform supporting European domiciled index funds and ETFs. Lead enhancements and required change to ensure best in class infrastructure that continually evolves to meet the needs of both market participants and clients.
• Contribute to and support product strategy and product research including index design and development. Ensure the European indexed and exchange delivered priorities are connected to the broader FIL Product Development pipeline.
• Identify new product opportunities and build the business case to support new product launches. Assess the feasibility of new product ideas, including commercial viability.
• Oversee outsourced Investment Manager function in conjunction with Investment Risk. Ensure products are performing as expected and portfolio management techniques are in line with expectations.
• Build and maintain strong, positive relationships with key internal and external stakeholders. Own important operating model oversight relationships such as Transfer Agency and Fund Accounting as well as outsourced arrangements with the Fund Administrator, Custodian etc.
• Serve as a SME for all indexed and ETF product and platform related aspects and very clearly articulate this knowledge to a broad audience, both internally and externally including clients.
Experience and Qualifications Required
• A natural self-starter with a global mind-set and the commitment and desire to grow a new business.
• Strong organisational, project management and time management skills including an ability to multi-task, prioritise and structure formulated plans to deliver on critical objectives.
• Deep knowledge of markets and financial products, especially ETFs and passive investment strategies.
• Firm understanding of indexing and passive portfolio management concepts and processes.
• A team player, who will be able to work within FIL’s overall culture and fit with its entrepreneurial but collaborative style.
• 10+ years of financial services experience.
• Batchelors degree; Masters or equivalent advanced degree in Finance or Economics a plus.
• CFA a plus.
• Prince 2 a plus.
About you
About Fidelity International
Fidelity International offers world class investment solutions and retirement expertise. As a privately owned, independent company, investment is our only business. We are driven by the needs of our clients, not by shareholders. Our vision is to deliver innovative client solutions for a better future.
Our people are passionate, engaged, smart and curious, and we give them the independence and the confidence to make a difference. While we take pride in the excellence of our investment solutions and client service, we know we can always do better. We are honest, respectful and make tough calls, challenging the status quo to achieve better outcomes through innovation. Above all else, we always put our clients first.
Find out more about what we do, our history, and how you could be part of our future at:
www.fidelityrecruitment.com/about-us
Applying to this Job Role: Please note you are only required to upload your CV/Resume to the application screen.