Global Head of Trading Operations

About the OpportunityJob Type: Permanent

Application Deadline: 17 January 2025

Title: Global Head of Trading Operations 

Department: Investment Management

Location: London

Reports To: Global CAO, Asset Management

About Fidelity International

Fidelity International offers investment solutions and services and retirement expertise to more than 2.5 million customers globally. As a privately-held, purpose-driven company with a 50-year heritage, we think generationally and invest for the long term. Operating in more than 25 locations and with $611.4 billion in total assets, our clients range from central banks, sovereign wealth funds, large corporates, financial institutions, insurers and wealth managers, to private individuals.

Our Workplace & Personal Financial Health business provides individuals, advisers and employers with access to world-class investment choices, third-party solutions, administration services and pension guidance. Together with our Investment Solutions & Services business, we invest $471 billion on behalf of our clients. By combining our asset management expertise with our solutions for workplace and personal investing, we work together to build better financial futures. Find out more about what we do, our history, and how you could be a part of our future at careers.fidelityinternational.com/about-us.

Our clients come from all walks of life and so do we. We are proud of our inclusive culture and encourage applications from the widest mix of talent, whatever your age, gender, ethnicity, sexual orientation, gender identity, social background and more.

As a flexible employer, we trust our people to perform their role in the way that works best for them, our clients and our business. We are a disability-friendly company and would welcome a conversation with you if you feel you might benefit from any reasonable adjustments to perform to the best of your ability during the recruitment process and beyond.

Our Values

Integrity - Doing the right thing, every time and putting the client first

Trust - Empowering each other to take the initiative and make good decision

Our Behaviours

Our employees should be:

Brave - Challenge the status quo, be accountable and speak up

Bold - Act with conviction, encourage diverse thinking and keep things simple

Curious - Learn to do new things in better ways and encourage fresh thinking

Compassionate - Have empathy, care for colleagues, clients and the community

Department Description

Investment Management is a multi-location, multi time zone environment and is responsible for all core portfolio management, trading, research and first line risk management activities. The Asset Management CAO Team is a part of the investment management team and is responsible for managing and overseeing the IM operating platform. This includes BAU operational activities, business management activities, governance and oversight support, as well as shaping and executing on strategic and regulatory change initiatives across the department. The Asset Management CAO Team works in close collaboration with stakeholders across investment management and the broader organisation to deliver Fidelity wide strategic goals.

Purpose of the Role

The Global Head of Trading Operations works alongside the Equity, Fixed Income and Foreign Exchange Heads of Trading (HOTs) to lead and oversee enabling activities related to FIL’s overall trading capability. This includes business and operational change, including responsibility as Accountable Executive (AE) for major trading related strategic initiatives such as changes to the trading technology platform and acting as a representative for global trading on business and regulatory change initiatives. They will provide oversight of the technology budget and prioritisation of spend and be actively involved in managing business relationships with external vendors and platforms. The Global Head of Trading Operations is responsible for overall governance of global trading ensuring all regulatory and audit requirements are met and ensuring adherence to internal trading policies and procedures. The role will have direct line management responsibility for a number of small, multi-location teams. These are the Trading Oversight function which supports overall governance and oversight of trading, as well as and the Trading Analytics function, both of which operate on a cross-asset basis.They will also play an important role as part of the CAO leadership team providing input and expertise across key initiatives within the IM operating model, in addition to their role as AE for trading initiatives.

Key Responsibilities

• Business, operational & technology change
• Trading platform development including active involvement in any platform upgrades or migrations (planned move to CR SaaS)
• Working with the Heads of Trading on the evolution of the trading operating model with the goal of developing scale and efficiency in the trading process
• Advocate for simplification & standardisation of processes ahead of CRD SaaS migration
• Respond to changing regulatory & business needs (e.g. growth in systematic strategies, the development of ETFs and increasing direct securities investment within multi-asset strategies)
• Develop and maintain strong connectivity with Heads of Trading and CIOs to ensure alignment on strategic developments within trading
• Oversee and support the continued development of the trading analytics capability
• Chair the Trading Governance & Oversight Committee
• Represent trading in relevant business or governance forums such as the IM Change Forum or the Fidelity Canada Oversight Forum
• Oversee and support the continued development of the Trading Oversight function
• Respond to distribution / client related requests such as RFPs or Due Diligence questionnaires to ensure cross asset consistency, liasing with HoTs where detailed practioner insight is required

Experience and Qualifications Required

• Demonstrated deep knowledge of the trading process including both high touch and electronic trading processes and regulatory environments (including securities regulation knowledge)
• Deep knowledge of trading related tools and platforms such as Charles River, Bloomberg and other platforms
• Knowledge of and experience with Charles River (on premise and SaaS) a distinct advantage
• Experience of delivering a large trading platform implementation or migration a distinct advantage
• Technical expertise in equity, fixed income, derivatives and FX markets and trading environments
• Problem Solving skills: the ability to analyse complex issues, identify solutions and make decisions based on technical knowledge, coupled with a genuine interest in the investment process and trading
• Investigative and questioning nature, analytical and a self-starter with high attention to detail
• Ability to articulate a clear strategic vision, bringing together planning, prioritisation, problem solving and organisational skills
• Ability to facilitate discussion and alignment across a broad set of stakeholders to achieve business outcomes
• Ability to lead and drive execution & delivery in a multi-stakeholder environment, often operating in virtual cross-functional team constructs
• Proven ability to empower and develop a team of specialists
• Effective communicator, collaborator and proven ability to influence colleagues at all levels
• Versatility, adaptability and resilience
• Comfortable operating in ambiguous environments
• Some travel may be required