Job Description:
Brokerage Alternative Investments Representative II - Aged Follow Up/Out of Standard
The Role
The Alternative Investments Brokerage Operations role is responsible for following up with Sponsors and TA's to obtain acknowledgements and confirmations of pending transactions that are 20 days or older in a timely manner on behalf of our clients and to mitigate risk and exposure to the organization. These activities are performed daily and require adherence to policies, procedures, and regulatory guidelines. Throughout this role you will build and maintain strong relationships while providing an exemplary client experience for all Fidelity clients.
- The Aged team follows up on trades, ACAT and Non-ACAT Receives, Internal Transfers, and Conversions.
- The aged team is also responsible for several other ancillary processes for the department.
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The Expertise and Skills You Bring (The order of these bullets does not matter)
- College degree preferred.
- Prior experience with alternative investments process experience is preferred.
- Detail oriented, ability to work effectively with minimal supervision.
- Ability to process customer data quickly and accurately.
- Team player with capability to help maintain a positive work environment.
- Strong analytical and decision-making skills.
- Ability to prioritize and work effectively in a fast-paced environment with multiple deadlines and processes.
- Exceptional quality and productivity in current role.
- Ability to handle and resolve complex problems.
- Strong verbal and written interaction skills including ability to explain complex processes.
- Effective time management skills and ability to prioritize and multi-task.
- Strong PC skills - Word, Excel and Access.
- Process a variety of data entry transactions and maintenance requests.
- Track and supervise monitor outstanding issues and provide timely updates.
- Analyze, research, and resolve discrepancies in accordance with departmental SLA's to minimize risk to the company.
- Partner with stakeholders to collect reporting information.
- Interact with a variety of customers, client and agents relative to your role.
- Ensure policy and procedures are followed and paperwork requirements are met in order to minimize risk.
The Team
Operations & Services Group (OSG) provides superior customer service to Fidelity's Institutional Products Group's businesses through innovation, dedication and commitment to excellence. With eight operating divisions located throughout the country, OSG provides securities execution, clearance, and information management services to retail, institutional, and correspondent clients. OSG performs tens of thousands of over the counter, listed equities, options, bonds, and mutual fund transactions daily.
An Alternative Investment (AI) is a highly specialized investment vehicle that is tailored to sophisticated, high net-worth investors and are not traded on any public market. Our Alternative Investments group services all Fidelity lines of business and handles end-to-end operations from onboarding of assets, all transactions, reconciliation, and servicing requests.
The base salary range for this position is $39,000-$61,000 per year.
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.
Fidelity's hybrid working model blends the best of both onsite and offsite work experiences. Working onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most hybrid roles require associates to work onsite every other week (all business days, M-F) in a Fidelity office.
Certifications:
Category:
Brokerage Operations