Associate/Director, Product Development

Job Category: IT/Software Development Career Level: Experienced (Non-Manager) Location: Boston, MA 02108 Status: Full Time, Employee Company: Fidelity Reference Code: 0802371 Associate/Director, Product Development Business OverviewFidelity Capital Markets Services is the institutional trading arm of Fidelity Investments. It executes equity and fixed-income securities trades on behalf ofinstitutional clients as well as several Fidelity businesses. In mid-November 2007, Fidelity Capital Markets Services exited the Market Making business, whichformally maintained a team of principal traders in New York and Boston that made markets in several hundred NASDAQ and listed securities. Fidelity CapitalMarkets Services’ fixed-income operation is a principal dealer in a wide range of taxable and tax-exempt securities. The firm also underwrites municipal andgovernment agency debt. Position DescriptionWe are seeking an equity market professional for the role of Associate/Director, Product Development group within Electronic Brokerage Services (EBS) group at FCMS.  The role will focus on managing the transaction cost analysis (TCA) product set.  The EBS Product Development Associate will play a large role in driving and shaping the development of FCMS’s equity electronic trading product suite.  Technical skills are a must.  The associate will work closely with Fidelity Brokerage Company Technology (FBCT), traders, financial engineering team, and clients to develop and deploy new products for FCMS’ diverse client base and internal traders. Primary Responsibilities Maintain and migrate Institutional Execution Quality (IEQ) product to new TCA platform. Generate ad-hoc post trade reports for clients Develop on-demand analytics tool for EBS Group and sales. Serve as subject matter expert on pre/post trade analytics, assigned vendor products, and EBS products.  Generate new ideas and services for FCMS’ electronic trading products relating to TCA.  Serve as product development lead/manager for select products which may include: TCA and vendor DMA/OMS products. Work closely with internal partners and financial engineering team to help automate post trade reporting Position requires client presentations, some travel. Product development associates will participate in the full product life cycle: proposal, technical development, documentation, training, and marketing.   Education and Experience: Bachelor’s degree with 3-5 years trading floor experience. Degree in computer science or other quantitative discipline.  Skills and Knowledge: Familiar with electronic trading products: Algorithms, DMA/OMS’, ECNs, smart routing Strong analytical and problem solving skills, and ability to manage multiple, complex projects simultaneously.  Proven, effective verbal and written communication skills appropriate to all levels of internal and customer audiences. Strong leadership abilities including the ability to project credibility and authority with cross-functional teams and strategic partners Strong technical abilities including experience with: Perl, SQL, excel, web-servers, Ability to think creatively, make logical conclusions, and critical decisions without direction.  Company Overview:Fidelity Investments is one of the world's largest providers of financial services, with custodied assets of $3.3 trillion, including managed assets of more than $1.5 trillion as of January 31, 2008. Fidelity offers investment management, retirement planning, brokerage, and human resources and benefits outsourcing services to 24 million individuals and institutions as well as through 5,500 financial intermediary firms. The firm is the largest mutual fund company in the United States, the No. 1 provider of workplace retirement savings plans, the largest mutual fund supermarket and a leading online brokerage firm.