Director, Valuations - Hudson - Fidelity Investments

Description

Job Description:

The Role

Are you a professional who possesses strong analytical, organizational, communication, cross team collaboration skills and the ability to adopt constantly evolving regulations and operational demands?

We are looking for a Director of Valuations who will serve as a senior leader responsible for ensuring the accuracy, integrity, and defensibility of daily security pricing and valuation across Fidelity's full suite of products. You will oversee complex valuation activities: including, equities, fixed income, alternatives, and a broad range of derivative instruments, while driving operational excellence and strengthening Fidelity's valuation control framework.

You will lead multiple valuation teams and serve as a strategic partner to senior leadership across Fund Accounting, Portfolio Management, Risk, Compliance, Alternative Investments, and other critical operational groups. This role requires deep analytical expertise, strong judgment, cross-functional influence, and the ability to thrive in a dynamic environment with evolving regulatory, operational, and market demands.

Success in this role requires the ability to connect valuation theory with operational execution, build strong partnerships with internal and external stakeholders, and lead teams through complex, time-sensitive decision-making to ensure accurate, timely NAV production for Fidelity shareholders.

Key Responsibilities

Leadership & Strategic Oversight

• 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.

Derivative Valuation Responsibilities

• 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.

• Partner with Risk, Product, Technology, and Investment teams to evaluate pricing models, validation methods, and key assumptions for derivative instruments.

• 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.

Operational Execution & Control Framework

• 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.

Stakeholder Partnership & Communication

• 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.

• Represent Valuations in cross-firm initiatives, risk forums, product governance committees, and audit/regulatory engagements.

The Expertise and Skills You Bring

• 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.

Note: Fidelity is not providing immigration sponsorship for this position.

The Team

The Valuation Team is part of Fidelity Fund and Investment Operations (FFIO), within the Fund Operations division. The broader division includes Fund Accounting, Valuations, Alternative Investments, and Expense Billing & Treasury Operations. Together, these groups provide pricing, accounting, and NAV oversight for all Fidelity Retail and Institutional products, including ETFs, supporting multiple asset managers such as FMR, SAI, GEODE, and FIC.

Fund Operations consists of approximately 290 associates located primarily in Merrimack, NH and Westlake, TX, all dedicated to delivering accurate, timely, and high-quality NAV and valuation services.

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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.