Director, Asset Management Compensation

Job Description: The Role As Director of Asset Management Compensation at Fidelity, you will lead compensation initiatives and programs, and work in partnership with the HR team to design, deliver and advise on solutions that meet the short and long-term needs of the Asset Management's investment business and support groups. If you are analytical, consultative and enjoy thinking and working across Fidelity, the Director of Asset Management Compensation role is an opportunity to consider! This role can be based out of Boston, Merrimack or Smithfield office. If Merrimack or Smithfield based, associate must have the ability to be in Boston for some part of their in office work week. The Director of Compensation acts as a subject matter expert on the HR team, working closely with HR partners and senior leaders to provide the consulting and leadership required to deliver pay programs and solutions in support of overall business objectives. You will contribute to and benefit from Fidelity's broader compensation community where we shape the future of compensation and continuously develop, improve, and share our strategies and resources that benefit our businesses, leaders and associates in achieving their goals. The Team The Human Resources team consists of associates who work in line HR, training, operations, compensation, and workforce analytics. We act as a key business partner to our colleagues within the business units to develop and implement HR and learning programs and strategies. We also partner closely with enterprise HR teams to deploy and support central programs and initiatives. The Expertise and Skills You Bring Bachelors or equivalent; 7+ years of experience in compensation and/or finance/business preferred Experience in or exposure to Asset Management, Private Equity or Venture Investing preferred You have the ability to perform complex analyses and summarize your findings for key partners that will identify opportunities and inform more effective decision making You have designed, developed, and managed a variety of compensation programs and processes including base salary, variable pay programs, , compensation strategy and competitive pay analyses with a focus in Investment Management or a related area. You are an expert with the full spectrum of approaches and tools used for compensation-related market research, modeling, and analysis You have deep analytical skills with an ability to break down complex questions / data into well-structured analyses, and synthesize key points You have had experience with or exposure to investment management related compensation programs and practices. Knowledge of a variety of asset classes a plus (such as Equity, Fixed Income, Private Equity, Alternatives, etc.) You effectively manage concurrent programs, processes and initiatives collaborating with and influencing a wide range of stakeholders, and have a proven ability to think end-to-end about the work to be implemented You have expertise with Microsoft Excel analysis and experience with various HR database applications. Exposure to additional tools such as Tableau or Power BI a plus. You have the expertise, confidence, and skill to develop and deliver formal and informal reports, presentations, and communications to executive audiences You are passionate about building consultative partnerships with HR, Finance, and senior business leaders You enjoy working on initiatives and programs that often extend beyond the local team and business unit The Value You Deliver Client Support/Relationship Management: Provide consultation, coaching and sophisticated advice to Line HR and senior business leaders on complex issues. Conduct analysis to address compensation issues, projects, or initiatives. Complete pay recommendations for Investment professional offers. Participate in the design & delivery of manager and HR training to increase the understanding of our compensation philosophy, strategies, programs, and decisions. Workforce Analytics: Work closely with HR partners to better integrate HR data and analytics in support of workforce plans and business practices. Develop impactful data visualizations for HR partners and leaders to enable better insights and decisions. Program Design: Partner with Finance/ Investment Performance team to asses and design investment incentive plans, and support formal plan governance and oversight activities. Represent the voice of the customer in the design of enterprise-wide pay programs. Cycle Management: Serve as a primary contact for Line HR for cycle administration activities. Inform, manage, and measure operational cycle components. Provide issue resolution, support reporting and analysis. Market Data Management: Act as SME on surveys, data, and tools. Lead competitive assessments using market analysis, including defining the peer groups and formulating recommendations and presenting to management. Coordinate job matching process, review data when surveys are complete and analyze market survey data trends. Certifications: Company Overview Fidelity Investments is a privately held company with a mission to strengthen the financial well-being of our clients. We help people invest and plan for their future. We assist companies and non-profit organizations in delivering benefits to their employees. And we provide institutions and independent advisors with investment and technology solutions to help invest their own clients' money. Join Us At Fidelity, you'll find endless opportunities to build a meaningful career that positively impacts peoples' lives, including yours. You can take advantage of flexible benefits that support you through every stage of your career, empowering you to thrive at work and at home. Honored with a Glassdoor Employees' Choice Award, we have been recognized by our employees as a top 10 Best Place to Work in 2024. And you don't need a finance background to succeed at Fidelity-we offer a range of opportunities for learning so you can build the career you've always imagined. Fidelity's working model blends the best of working offsite with maximizing time together in person to meet associate and business needs. Currently, most hybrid roles require associates to work onsite all business days of one assigned week per four-week period (beginning in September 2024, the requirement will be two full assigned weeks). At Fidelity, we value honesty, integrity, and the safety of our associates and customers within a heavily regulated industry . Certain roles may require candidates to go through a preliminary credit check during the screening process. Candidates who are presented with a Fidelity offer will need to go through a background investigation, detailed in this document, and may be asked to provide additional documentation as requested. This investigation includes but is not limited to a criminal, civil litigations and regulatory review, employment, education, and credit review (role dependent). These investigations will account for 7 years or more of history, depending on the role. Where permitted by federal or state law, Fidelity will also conduct a pre-employment drug screen, which will review for the following substances: Amphetamines, THC (marijuana), cocaine, opiates, phencyclidine. We invite you to Find Your Fidelity at . Fidelity Investments is an equal opportunity employer. We believe that the most effective way to attract, develop and retain a diverse workforce is to build an enduring culture of inclusion and belonging. Fidelity will reasonably accommodate applicants with disabilities who need adjustments to participate in the application or interview process. To initiate a request for an accommodation, contact the HR Accommodation Team by sending an email to , or by calling , prompt 2, option 3. 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Created: 2024-11-05