NOTE: Fidelity will not provide sponsorship for this position.
The Role
Ready to lead product innovation in a vibrant environment? As the Director, Derivatives and Liquid Alternative Investments Product Manager at Fidelity Investments, you will develop outstanding product strategies and deliver flawless solutions. These efforts will enable new investment products and capabilities, improve operational efficiency, and reduce risk across Fidelity Fund and Investment Operations (FFIO). Join us and help craft the future of derivatives operations!
The Expertise and Skills You Bring
- Bachelor's degree or equivalent experience in Finance/Accounting with at least 6-8 of those years spent in either Derivative or Liquid Alts middle/back office operations.
- Advanced knowledge of the alternative fund industry or hedge fund products.
- Detailed derivative instrument knowledge (including Cleared and OTC Swaps, Options, and Futures).
- Establishing and refining product strategy and roadmap for derivatives and collateral capabilities, aligned to FFIO and enterprise priorities, and maximizing business value
- Finding opportunities for continuous improvement through market insights, regulatory developments, operations and business partner needs
- Translating strategy into a prioritized, refined product backlog with clear requirements, acceptance criteria, and business value
- Collaborating with engineering and architecture to provide scalable, resilient solutions supporting derivatives and collateral management processing needs
- Supporting product implementations, including operational readiness and rollout planning
- Acting as the voice of the customer and business to ensure technology solutions meet the needs of operations and business partners
- Making informed trade-off decisions balancing the demands of business partners, cost, and time-to-market
- Measuring product performance using established metrics aligned to product, business, and technology goals
With proven experience in product management and technology delivery, and strong expertise in derivatives and collateral management, you consistently define strategies and achieve measurable outcomes. You are effective in dynamic settings, crafting strategy and working alongside collaborators to drive progress. Your strong analytical abilities and capability to convert complex topics into actionable work add significant value. You possess excellent communication skills, maintain strong connections with business partners, and have a comprehensive grasp of market impacts on derivatives and collateral.
The Team
We are a dynamic and collaborative team within Fidelity Fund and Investment Operations (FFIO), dedicated to delivering innovative solutions for complex financial instruments and operational capabilities. Our Derivatives and Collateral product area plays a critical role in enabling Fidelity’s asset management business, partnering across investment operations, risk, compliance, technology, and asset management teams. The Liquid Alternatives team plays a vital role in ensuring that FFIO systems can support the full range of financial instruments used by Fidelity’s funds. We develop and build solutions that improve operational efficiency, reduce risk, and enhance client outcomes. We cultivate a culture of innovation, accountability, and continuous improvement. Join us and be a part of driving impactful change across a critical and evolving domain! #FidelityAlts #FFIOAlts
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.
Certifications:Category:Product ManagementSkills Required
- Bachelor's degree or equivalent experience in Finance/Accounting with at least 6-8 years in derivatives or liquid alternatives middle/back office operations
- Advanced knowledge of the alternative fund industry or hedge fund products
- Detailed derivative instrument knowledge including Cleared and OTC Swaps, Options, and Futures
- Proven product management experience establishing and refining product strategy and roadmaps for derivatives and collateral capabilities
- Experience translating strategy into a prioritized product backlog with clear requirements and acceptance criteria
- Experience collaborating with engineering and architecture to design scalable, resilient solutions for derivatives and collateral processing
- Experience supporting product implementations, including operational readiness and rollout planning
- Proven ability to act as voice of the customer, engage business partners, and make informed trade-off decisions
- Strong analytical skills and ability to measure product performance using established metrics
- Proven experience in technology delivery and driving measurable outcomes in dynamic environments
Fidelity Investments Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Fidelity Investments and has not been reviewed or approved by Fidelity Investments.
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Strong & Reliable Incentives — Bonuses, commissions, and profit-sharing are presented as generous and meaningful components of total compensation, with certain roles achieving high total earnings through multiple pay streams. Variable pay is consistently framed as a positive contributor beyond base salary.
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Retirement Support — A 401(k) match up to 7% alongside additional profit-sharing up to 10% materially enhances long-term compensation. These retirement features are highlighted as standout strengths of the overall package.
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Parental & Family Support — Generous paid parental leave (16 weeks maternity, 12 weeks parental), backup dependent care, and adoption assistance provide robust family support. Hybrid work and caregiving resources further ease family responsibilities.
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What We Do
At Fidelity, our goal is to make financial expertise broadly accessible and effective in helping people live the lives they want. We do this by focusing on a diverse set of customers: - from 23 million people investing their life savings, to 20,000 businesses managing their employee benefits to 10,000 advisors needing innovative technology to invest their clients’ money. We offer investment management, retirement planning, portfolio guidance, brokerage, and many other financial products. Privately held for nearly 70 years, we’ve always believed by providing investors with access to the information and expertise, we can help them achieve better results. That’s been our approach- innovative yet personal, compassionate yet responsible, grounded by a tireless work ethic—it is the heart of the Fidelity way.
