Analyst, Investment Operations

Fidelity Investments Inc.; Westlake (TX); On-site; USD 70,000 - 95,000; Full time

Job summary

Fidelity Investments Inc. is seeking an Analyst, Investment Operations to ensure accurate reconciliation and reporting of derivative holdings, cash movements, collateral changes, and valuations across multiple platforms.

The role involves investigating reconciliation breaks, supporting risk management, and maintaining data integrity for investment reporting. Ideal candidates have a Bachelor’s degree in a quantitative field and 2+ years of investment operations experience, with strong analytical

Qualifications

• Bachelor’s degree is required preferably in a quantitative discipline such as Finance, Accounting, Economics, Engineering, Mathematics, or a related field.
• 2+ years of investment operations experience required; experience supporting derivatives, alternative investments, or other complex financial instruments is strongly preferred.
• Solid understanding of investment products and markets, including futures, options, swaps, collateral management, and margin processes.
• Demonstrated ability to perform and analyze complex reconciliations across positions, cash, collateral, and valuations involving multiple systems, counterparties, and service providers.
• Strong analytical and problem-solving skills, with the ability to conduct detailed investigations, identify root causes, and implement effective resolutions.
• Exceptional attention to detail and accuracy in a high-volume, risk-sensitive environment.

Responsibilities

• Reconcile derivative positions, cash balances, collateral movements, and valuations across multiple systems and counterparties.
• Analyze and resolve complex reconciliation exceptions and pricing discrepancies.
• Monitor trade lifecycle events, including settlements, resets, expirations, and corporate actions.
• Investigate margin and collateral-related breaks and ensure timely resolution.
• Partner with trading, operations, accounting, risk, and external counterparties to resolve issues.
• Support the accuracy and integrity of investment data used for risk, valuation, and financial reporting.
• Identify areas for improvements in execution and contribute to operational efficiency initiatives.

Skills

Derivatives knowledge

Reconciliation and reporting

Analytical skills

Attention to detail

Collaboration across teams

Communication of complex issues

Education

Bachelor’s degree in Finance/Accounting/Economics/Engineering/Mathematics

Job description

Fidelity will not provide immigration sponsorship for this position.

Job Description:

The Role

Have you ever considered a career that gives you access to complex alternative investments across global markets?

The Analyst, Investment Operations ensures accurate reconciliation and reporting of derivative holdings, cash movements, collateral changes, and valuations. This work spans multiple trading and accounting platforms. While the fundamental objective is similar to balancing a checkbook, the complexity is much greater. It involves trillions of dollars in notional exposure, advanced financial products, and complex valuation models.

In this role, you will investigate and resolve a high volume of reconciliation breaks related to trade activity, pricing discrepancies, lifecycle events, margin movements, and valuation differences. Success requires strong analytical skills, attention to detail, and the ability to identify, assess, and resolve complex issues while collaborating with internal and external partners. The position plays a critical role in maintaining the integrity of portfolio data, supporting risk management, and ensuring operational accuracy across the investment platform.

• Reconcile derivative positions, cash balances, collateral movements, and valuations across multiple systems and counterparties.
• Analyze and resolve complex reconciliation exceptions and pricing discrepancies.
• Monitor trade lifecycle events, including settlements, resets, expirations, and corporate actions.
• Investigate margin and collateral-related breaks and ensure timely resolution.
• Partner with trading, operations, accounting, risk, and external counterparties to resolve issues.
• Support the accuracy and integrity of investment data used for risk, valuation, and financial reporting.
• Identify areas for improvements in execution and contribute to operational efficiency initiatives.

The Expertise and Skills You Bring

• Bachelor’s degree is required preferably in a quantitative discipline such as Finance, Accounting, Economics, Engineering, Mathematics, or a related field.
• 2+ years of investment operations experience required; experience supporting derivatives, alternative investments, or other complex financial instruments is strongly preferred.
• Solid understanding of investment products and markets, including futures, options, swaps, collateral management, and margin processes.
• Demonstrated ability to perform and analyze complex reconciliations across positions, cash, collateral, and valuations involving multiple systems, counterparties, and service providers.
• Strong analytical and problem-solving skills, with the ability to conduct detailed investigations, identify root causes, and implement effective resolutions.
• Exceptional attention to detail and accuracy in a high-volume, risk-sensitive environment.
• The ability to clearly articulate complex operational and investment-related issues to a variety of audiences.
• Proven ability to work independently, manage competing priorities, and adapt quickly to evolving business needs and product complexities.
• Strong collaboration and relationship-management skills, with experience partnering effectively across teams, functions, and global stakeholders.
• Continuous improvement approach with a demonstrated skill in recognizing process inefficiencies, driving operational improvements, and supporting scalable solutions.

The Team

The Fidelity Fund and Investment Operations (FFIO) organization provides critical accounting, cash management, asset appraisal, and balance confirmation services that support portfolio managers investing client assets across a broad range of traditional and alternative investment products, including derivatives. Within FFIO, the Global Middle Office organization has specialized teams. They handle key parts of the investment lifecycle. These include derivative operations, operations for non-traditional investments, reconciliation, and oversight. Teams are typically comprised of 8–10 associates and partner closely with global custodians, prime brokers, counterparties, portfolio managers, traders, accounting teams, and risk functions.

These dynamic teams offer an excellent entry point into the world of investment operations, providing exposure to sophisticated financial instruments, complex operational processes, and global markets! Through close collaboration across functions and geographies, associates play a critical role in safeguarding the accuracy, integrity, and completeness of Fidelity’s investment data while helping to resolve complex accounting, valuation, and reconciliation challenges.

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.

Certifications:

Category:

Investment Operations

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.