Fidelity Investments - Boston, MA

posted 4 months ago

Full-time - Mid Level
Boston, MA
5,001-10,000 employees
Securities, Commodity Contracts, and Other Financial Investments and Related Activities

About the position

The Digital Asset - Tokenization Product Manager will play a pivotal role in the development, management, strategy, and advocacy of Fidelity Digital Asset Management's (FDAM) digital asset investment products. This position is focused on creating, implementing, and overseeing the design and implementation of tokenized assets across various asset classes, which will enable fractional ownership, enhance liquidity, and introduce new investment utilities and opportunities. The role requires close collaboration with the Head of Tokenization Platform Strategy and partnerships with investment, risk, and data science teams to evaluate and articulate product design, token economics, and the benefits and use cases for tokenizing assets. The goal is to effectively position these products across a range of client segments and trading platforms. In terms of product strategy, the manager will be responsible for developing and executing a comprehensive strategy for tokenized assets, identifying target markets, diverse use cases, and competitive positioning. This includes leading the conception, design, and deployment of tokenized assets across various investment solutions and digital asset trading platforms, with a strong focus on scalability, security, and regulatory compliance. The role also involves identifying investment opportunities and new utilities for tokenizing assets, designing token models, and driving the tokenization process. Market research is another critical aspect of this role, as the manager will conduct comprehensive analyses to discern emerging trends and customer needs, while also evaluating the competitive landscape. Effective communication with internal stakeholders and external partners is essential to establish the necessary infrastructure for investment, valuation, trading, and custody of tokenized assets. The manager will also ensure that all tokenized asset designs comply with applicable laws and regulations, working closely with legal and compliance teams to identify potential risks and implement effective risk mitigation strategies. Performance tracking will be a key responsibility, as the manager will define key performance indicators (KPIs) to assess the impact of tokenization initiatives and leverage performance data for continuous improvement. Additionally, the role includes educational outreach, collaborating with various teams to conduct sessions that enhance understanding of tokenization concepts and models.

Responsibilities

  • Develop and execute a comprehensive product strategy for tokenized assets, identifying target markets and competitive positioning.
  • Lead the conception, design, and deployment of tokenized assets across various investment solutions and trading platforms.
  • Identify investment opportunities and new utilities for tokenizing assets, designing token models and economic terms.
  • Conduct comprehensive market research to analyze emerging trends and customer needs related to tokenized assets.
  • Effectively communicate product plans and updates to internal stakeholders and external partners.
  • Ensure compliance of tokenized asset design with applicable laws and regulations, collaborating with legal and compliance teams.
  • Define key performance indicators (KPIs) to assess the efficacy of tokenization initiatives and drive enhancements.
  • Collaborate with teams to conduct educational sessions on tokenization concepts and asset tokenization models.

Requirements

  • 10+ years of experience in structured finance, securitization, collateralized lending, or Delta One product development, preferably in asset management or investment banking.
  • 3+ years of experience with blockchain technology and understanding of token standards and tokenomics.
  • Demonstrated experience in product design and development, particularly in structured finance or related areas.
  • Intellectual curiosity and passion for financial markets and innovation in investment products.
  • Proven experience in product structuring leading to successful launches of investment strategies.
  • Deep understanding of retail, intermediary, and institutional distribution channels and their client needs.
  • Strong leadership, strategic thinking, and decision-making skills.
  • Excellent communication skills, with the ability to articulate complex concepts to senior audiences.

Nice-to-haves

  • Knowledge of DeFi and its applications in tokenization.
  • Strong educational credentials such as CFA, MBA, or equivalent graduate degree.
  • Series 7 & 63 licenses (can be obtained while in role).

Benefits

  • Flexible benefits that support employees through every stage of their career.
  • Recognition as a top 10 Best Place to Work in 2024.
  • Opportunities for learning and career development.
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