Director, Derivatives and Liquid Alternative Investments Product Manager
Fidelity Investments
Listing collected from Fidelity Investments's career site. NextChapter is independent of Fidelity Investments.
Westlake, TX · Posted October 20, 2026
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Where Westlake, TX ranks
Where Westlake, TX placed in our monthly rankings, month by month. Each month stays online at its own address.
November 2026
- #2Best cities for director and executive jobs in the Southwest30% · of 44
- #4Best cities for AI-skill jobs in the Southwest16% · of 44
- #6Cities with the most jobs that need no experience in the Southwest1.8% · of 43
- #13Best cities for financial services pay after cost of living$144k · of 33
- #16Best cities for mid-career professionals in the Southwest53% · of 44
- #24Cities with the most hybrid jobs in the Southwest6% · of 43
Rankings about product jobs
- Best cities for product jobs #1 New York (738 openings)
- Best cities for product pay after cost of living #1 Santa Clara ($224k)
- Most requested AI skills in product jobs #1 AI product management (17.9%)
- AI tools named most often in product jobs #1 Claude (3.2%)
- Employers with the most product jobs #1 Amazon (356 roles)
About the job
Fidelity will not provide immigration sponsorship for this position.
Job Description:
NOTE: Fidelity will not provide sponsorship for this position.
The Role
Ready to lead product innovation in a vibrant environment? As the Director, Derivatives and Liquid Alternative Investments Product Manager at Fidelity Investments, you will develop outstanding product strategies and deliver flawless solutions. These efforts will enable new investment products and capabilities, improve operational efficiency, and reduce risk across Fidelity Fund and Investment Operations (FFIO). Join us and help craft the future of derivatives operations!
The Expertise and Skills You Bring
Bachelor's degree or equivalent experience in Finance/Accounting with at least 6-8 of those years spent in either Derivative or Liquid Alts middle/back office operations.
Advanced knowledge of the alternative fund industry or hedge fund products.
Detailed derivative instrument knowledge (including Cleared and OTC Swaps, Options, and Futures).
Establishing and refining product strategy and roadmap for derivatives and collateral capabilities, aligned to FFIO and enterprise priorities, and maximizing business value
Finding opportunities for continuous improvement through market insights, regulatory developments, operations and business partner needs
Translating strategy into a prioritized, refined product backlog with clear requirements, acceptance criteria, and business value
Collaborating with engineering and architecture toprovide scalable, resilient solutions supporting derivatives and collateral management processing needs
Supporting product implementations, including operational readiness and rollout planning
Acting as the voice of the customer and business to ensure technology solutions meet the needs of operations and business partners
Making informed trade-off decisions balancing the demands of business partners, cost, and time-to-market
Measuring product performance using established metrics aligned to product, business, and technology goals
With proven experience in product management and technology delivery, and strong expertise in derivatives and collateral management, you consistently define strategies and achieve measurable outcomes. You are effective in dynamic settings, crafting strategy and working alongside collaborators to drive progress. Your strong analytical abilities and capability to convert complex topics into actionable work add significant value. You possess excellent communication skills, maintain strong connections with business partners, and have a comprehensive grasp of market impacts on derivatives and collateral.
The Team
We are a dynamic and collaborative team within Fidelity Fund and Investment Operations (FFIO), dedicated to delivering innovative solutions for complex financial instruments and operational capabilities. Our Derivatives and Collateral product area plays a critical role in enabling Fidelity’s asset management business, partnering across investment operations, risk, compliance, technology, and asset management teams. The Liquid Alternatives team plays a vital role in ensuring that FFIO systems can support the full range of financial instruments used by Fidelity’s funds. We develop and build solutions that improve operational efficiency, reduce risk, and enhance client outcomes. We cultivate a culture of innovation, accountability, and continuous improvement. Join us and be a part of driving impactful change across a critical and evolving domain! #FidelityAlts #FFIOAlts
Fidelity’s Onsite Working Model Fidelity is transitioning to a full-time onsite working model through a phased rollout across regions and roles. Currently, some roles and locations require 100% onsite presence, while others require less. Onsite expectations are likely to evolve as the rollout continues. This transition does not apply to fully remote roles.
Certifications:
Category:
Product Management 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.