Vice President - Cash Management - Fidelity Investments - Jersey City

Job description
Fidelity Institutional (FI) provides products, solutions and services to banks, broker/dealers, registered investment advisors, family offices and other financial intermediaries to meet their brokerage, operations, risk, and technology needs. The FI Treasury division’s Cash Management group provides cash management and banking product, operation and advisory services in support of the various lines of business across brokerage within Fidelity.

The Vice President position manages the Cash Management Administration team responsible for establishing and overseeing FI Treasury’s cash management bank/vendor relations, supporting various internal money movement product offerings as well as conducting aggressive daily brokerage cash management. The position reports to the Senior Vice President of the Treasury Cash Management division.


With two primary production-related areas of focus, Bank/Vendor Administration and Retail Cash Management, the Vice President position holds extensive responsibility related to multiple brokerage businesses/products supported, number of bank accounts & dollars under management, number of systems/applications utilized and workflows managed. The position holds responsibility for delivering reliable ongoing Treasury cash management services through effective administration of a well-controlled & fully compliant operations. Providing continuous outstanding client services/support to our lines of business and clients is a mandate.

The Vice President position requires cash management/banking subject matter expertise and knowledge of applicable industry/money movement regulations & business practices. The position requires maintaining a proactive perspective and planning capability to translate new trends & product offerings in banking/cash management into viable products/applications to be developed/utilized across brokerage.

Desired Skills and Experience
Education and Experience:
Bachelors degree preferred or equivalent experience
Ten+ years of Banking/Cash Management Operations, industry-related experience required
Eight+ years of management and people leadership experience required
Industry experience in Brokerage or Corporate Treasury highly preferred.
Skills and Knowledge:
Strong leadership skills, capable of managing a high risk, fast-paced organization with diverse responsibilities, includes ability to oversee brokerage treasury operations, technology and product-related areas of responsibility
Strong knowledge of managing bank/vendor relations and evaluating service capabilities & product offerings; experience with executing various bank/vendor documentation/agreements and request for proposals
Strong knowledge of conducting effective daily cash management, includes utilizing a wide array of funding & concentration practices
Strong knowledge of various types of cash management products and methods for supporting money movements
Strong understanding of brokerage/industry rules/regulations governing various banking products utilized – such as Wire, ACH, Check, Remote Check Deposit, FDIC sweep, etc.
Strong appreciation for daily duties and obligations required for maintaining a highly compliant & proficient organization in accordance with firm and industry policies, procedures and regulations
Strong managerial & people skills, includes ability to develop further Treasury talent/team
Strong communications and relationship building skills
Strong project management and analytical skills with strategic orientation
Ability to engage in complex problem solving and develop short term/long term solutions, as required
Strong advocate for maintaining proactive, outstanding client services

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