Director, Valuations – Fidelity Funds & Alternative Investments

Role Overview

• Provide strategic leadership across all valuation activities, ensuring adherence to valuation policy, regulatory expectations, model governance requirements, and industry best practices.
• Shape and execute long-term operational strategy for Valuations, including automation, controls enhancement, and application modernization.
• Oversee onboarding of new instruments (including complex derivatives, private markets, and other alternative investments), ensuring risk assessment, control design, and operational readiness are completed prior to launch.
• Serve as senior escalation authority for valuation matters, exercising sound judgment under tight deadlines during daily NAV production cycles.
• Build, lead, and develop high-performing teams, cultivating technical excellence, critical thinking, and an inclusive environment.
• Provide quantitative and qualitative leadership for all derivative valuation activities, including futures, options, swaps, FX instruments, structured notes, and OTC derivatives.
• Assess the valuation implications of new derivative products, ensuring the organization has appropriate pricing sources, valuation models, data inputs, and control procedures.
• Ensure daily derivative valuations are accurate, supportable, and aligned with policy—including fair value assessments for illiquid or hard-to-price positions.
• Lead efforts to enhance derivative valuation transparency, model documentation, and support provided to auditors, risk committees, and regulators.
• Provide oversight and direction for pricing validation procedures, exception monitoring, anomaly detection, and fair value governance.
• Ensure all valuation outputs meet regulatory, fiduciary, and audit standards while supporting timely, high-quality NAV dissemination.
• Integrate data and insights across Fund Accounting, Market Data, Portfolio Management, Custody, Investment Operations, and valuation vendors to ensure complete, accurate pricing.
• Partner with technology teams on system enhancements, prioritizing automation, data quality improvements, and risk-reducing workflows.
• Maintain strong relationships with key senior partners, ensuring expectations, service levels, and accountability are met or exceeded.
• Develop and deliver concise, insightful presentations to senior leaders—including valuation trends, risk indicators, and strategic recommendations.

Requirements

• Bachelor’s degree required; MBA or advanced degree strongly preferred.
• Extensive financial services experience, including deep exposure to security pricing, valuation controls, and mutual fund operations.
• 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.
• Proven ability to manage ambiguity, prioritize multiple demands, and lead teams under pressure in a fast-moving environment.
• Strong leadership presence, mentorship capabilities, and the ability to cultivate a highly engaged, inclusive, and high-performance culture.

Benefits

• Health insurance
• 401(k) matching
• Flexible work hours
• Paid time off
• Professional development opportunities