** 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.
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.
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
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
Fidelity Investments is an equal opportunity employer.
Bachelor's Degree (±16 years)
Fidelity Investments - 2 years ago
Fidelity Investments has a rich and proud history of making financial expertise accessible and effective in helping people live the lives...