Senior Manager, FDIC Sweep Program

2 weeks ago

Merrimack, New Hampshire, United States Fidelity Investments Full time
Job Description:

The Role

As a Senior Manager, you will work in the Cash Management to support the FDIC Sweep Program's timely and accurate Money Movement and reconciliation-related transaction processing while adhering to policy, procedures, and regulatory guidelines. Responsibilities include:

  • Monitor daily FDIC sweep transaction processing
  • Identify, Review and respond to money movement and out-of-balance exceptions
  • Monitor and review the month-end reconciliation and billing processes
  • Review and document procedures for policies to ensure consistency, compliance, and efficiency.
  • Find opportunities to improve key efficiencies within to improve quality and scale our workflows and reduce processing costs
  • Develop daily KPI's and analyze productivity metrics and daily operational reports to monitor performance trends
The Expertise and Skills You Bring
  • Bachelors' degree with 8 +years professional experience
  • 3 + years of working in Payment Operations ( money movement such as Wires / ACH) or reconciliations with bank data.
  • Knowledge of electronic payments processing (ACH/Wires)
  • Business Analysis experience or experience making decisions based on data
  • You deliver with strong written, verbal and interpersonal communication skills
  • Highly flexible and adaptable to fast paced environment, willing to assist in other areas as needed
  • Work independently and collaborate with associates
  • Time management (multi-tasking)

Note: Fidelity will not provide immigration sponsorship for this position.

The Team

The Cash solutions domain offers products and capabilities to help customers manage their cash and meet payments, saving and lending needs. Offerings include: Cash Management (Cash Management Accounts, Direct Deposit, Cash Manager, Cash Sweeps), Payment Capabilities (Bill Pay, Direct Debit, Check Writing), Savings (529, HSA, ABLE And Custodial Accounts), Lending (Line Of Credit, Mortgage Referral), Debit Cards and Credit Cards.

Within the Cash Solutions Domian, the FDIC Sweep Program is a highly visible service offered to Fidelity's top cash management clients and generates significant revenue for Fidelity. The Team consists of highly skilled and knowledgeable members across the organization that deliver at the highest levels of the organization.

This role will report to the VP of Vendor Management & Operations for Cash Solutions

Certifications:
Category:

Operations

Most roles at Fidelity are Hybrid, requiring associates to work onsite every other week (all business days, M-F) in a Fidelity office. This does not apply to Remote or fully Onsite roles.

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.

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