Investment Operations Cash Representative II
Fidelity Investments - Merrimack, NH

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** This position participates in a weekly schedule rotation so Candidates must be able and

willing to work a fluctuating shift between 7:00 AM and 5:30 PM.

This team also needs representation on holidays so Candidates must be able and willing to work a rotating holiday schedule. **

Reporting to the Manager, Domestic Cash Operations, the Investment Operations Cash Representative II will ensure the safeguarding of cash for all funds under management by accurately performing various daily reconciliations of cash availability projections. Analyze and manage the information flow from various sources such as custodian bank network, Portfolio Management, Fidelity Management Resources (FMR) Trading, Fund Accounting, and the Transfer Agent Accounting and Control group to diminish operational risk. Develop and maintain individual relationships with representatives of the custodian bank network and provide support to FMR, Fund Accounting, the Trading desks and the Treasurer’s office.

The Investment Operations Cash Representative II is responsible for the daily tasks associated with fulfilling the departments policies associated with cash management, loan administration and related projects for all funds under management. Errors in judgment, non-settlement of cash and securities may lead to potential loss to the funds and Fidelity. Requires appropriate decisions and escalation of critical issues resulting in the safeguarding of the fund’s assets.

Primary Responsibilities

Responsible for analyzing, reconciling, and reporting cash balances to FMR trading. In addition, monitor cash balances throughout the day.

Ensure the timely receipt of cash through management, control, and analysis of Domestic/International market practices. Functions include Cash Management and Loan Administration.

Responsible for preparing, analyzing and reviewing various management reports for the weekly management package as well as special requests.

Provide ongoing support of business relationships with partners of the Custody Division i.e., FMR Trading, TAAC, Portfolio Management, Fund Accounting and the Treasurer’s office.

Identify, analyze and communicate potential operational risk from the cash functions including loans and discrepancies in data.

Escalate problems which could have significant impact on daily operations and/or could adversely affect customer/vendor relations.

Assist with departmental project work, as required.

Qualifications

Education and Experience

0-2 years of relevant industry experience preferred via entry level positions or internships

Bachelor’s Degree expected, but not required

Strong skills in various PC software applications to include Microsoft, Access, Excel, Word, PowerPoint

Skills and Knowledge

General understanding of the workings of the financial industry

Ability to manage multiple tasks effectively

Ability to recognize high risk items and escalate those items or seek assistance to

minimize loss to either the shareholder and or/Fidelity

Applies basic skill to routine work

Attention to detail

Time management skills

Strong communication and analytical skills

Company Overview

Fidelity Investments is one of the world’s largest providers of financial services. Founded in 1946, the firm is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing and many other financial products and services to more than 20 million individuals and institutions, as well as through 5,000 financial intermediary firms. For more information about Fidelity Investments, visit

http://www.fidelity.com/

.

Fidelity Investments is an equal opportunity employer.

Job

:

Money Movement

Primary Location

:

NH-Merrimack

Schedule

:

Full-time

Job Level

:

Individual Contributor

Education Level

:

Bachelor's Degree (±16 years)

Job Type

:

Standard

Shift

:

Day Job

Overtime Status

:

Non-exempt

Travel

:

No

Fidelity Investments - 17 months ago - save job - block
About this company
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Fidelity Investments is one of the world's largest providers of financial services. Fidelity offers investment management, retirement...