Fidelity already has 975 employees in Albuquerque at its 216,000-square-foot support center in Mesa Del Sol and at its branch at ABQ Uptown.
“We’re pleased to offer these competitive jobs that come with the opportunity to grow careers,” said David Hupper, senior vice president and regional leader in Albuquerque.
He said most of the new jobs will be in back-office “operational support roles.” New employees will help clients with account maintenance, such as transactions and processing payments from other Fidelity units. “This is new work for our (Albuquerque) facility,” Hupper said.
Fidelity’s functions in Albuquerque also include customer service and human resource services for large corporate customers, helping to manage their 401(k) plans and other benefits.
Hupper didn’t provide the salary range for the new employees but said new hires earn a competitive salary on top of bonuses and a robust benefits package, including student loan reimbursement.
Hupper, who has worked for Fidelity for 22 years, moved to New Mexico a year ago to manage the company’s expansion.
Hupper couldn’t say how big a role a rising stock market has had on the company’s local hiring, but did acknowledge that with 10,000 people turning 65 every day until 2030, more customers are setting goals for retirement and increasing their savings, learning the importance of asset allocation, Social Security strategies and more with the help of their Fidelity financial advisers.
The Mesa Del Sol site at 5401 Watson SE, which is south of the airport, has capacity to ramp up to a potential 1,450 associates, said Hupper.
He said Fidelity would start hiring immediately.
Fidelity Investments, which is based in Boston, had assets under administration of $5.7 trillion as of Dec. 31.