Job Description:
Senior Risk Manager, Market Risk
Join the Market & Collateral Risk Management team to safeguard the firm's balance sheet and reputation using robust risk tools and technology. The candidate will represent the firm in collaborating with business partners by articulating risk policies and procedures as it relates to Market & Collateral Risk.
The core functions will be analyzing market risk for Fidelity Capital Markets trading functions and assessing collateral-based margin requirements for the proprietary trading accounts of Fidelity Custody & Clearing Solutions clients. Participate in the expansion of effective risk measurement methods, understanding process flows and controls sets, development of key risk indicators to identify potential risks and control gaps. Work to enhance and provide detailed and executive level summary reports highlighting potential loss exposures.
The Team
The FCM Market & Collateral Risk team is a risk group within the Fidelity Legal, Risk & Compliance global organization which is dedicated to providing a stronger cross-firm alignment to ensure a more consistent approach to managing risks, identifying emerging trends and improving our efficiency and effectiveness through best practice sharing - all with the goal of protecting our customers, associates and Fidelity's great brand.
The Risk Management team is responsible for a wide array of risk functions within the Fidelity Capital Markets Division. Fidelity Capital Markets is the institutional trading arm of Fidelity Investments, providing trading, products and operations to internal business channels and external clients, including Retail Investors, Investment Advisors, Broker Dealers and Family Offices as well as buy-side & sell-side institutions and hedge funds. Fidelity Capital Markets offers a suite of trading, clearing and custody, middle office operations, electronic brokerage products and execution services across multiple asset classes including equities, equity options, fixed income, FOREX as well as prime brokerage, securities lending and municipal and bank-issued brokered CD underwriting. For more information about Fidelity Capital Markets, please visit www.fidelitycapitalmarkets.com.
The Expertise You Have
- Bachelor's Degree in Finance or related field; Master's Degree, MBA or CFA is a plus
- 5+ years of experience in Financial Services
- Strong analytical and technical skills
- Excellent interpersonal, verbal and written communication skills
- Experience with market, credit, default, liquidity, operational risk principles, as well as risk techniques such as stress testing and scenario analyses
The Skills You Bring
- You are able to apply or learn the brokerage business and financial product knowledge in trading, clearing and custody with risk management practices
- You have strong technical and analytical skills to use in your daily risk management responsibilities
- You have ability to identify inherent risks to the business (e.g. market, credit, financial, operations regulatory, technology and reputational)
- You are a self-starter who is able to work independently and manage time to drive initiatives from beginning to end
- You are familiar or willing to learn brokerage, brokerage operations and brokerage rules and regulations
- You command effective written and verbal communication skills that will be demonstrated in influencing decisions
- You have excellent knowledge of MS office products particularly Excel, PowerPoint and Word
- Familiarity with database queries and analytical tools and methodologies (SQL, Tableau, Alteryx, SAP BusinessObjects, experience is a plus)
The Value You Deliver
- Working independently and with team members to analyze the market risks associated with Fidelity Capital Markets Fixed Income, Foreign Exchange, Equity and Securities Lending trading desks.
- Analyze the proprietary trading accounts of Fidelity Custody & Clearing Solutions clients to ensure proper collateralization from a stress based perspective in margin lending.
- Effectively managing multiple initiatives and responsibilities within prescribed timelines
- Ability to engage interested parties and facilitate discussions, meetings and walkthroughs of risk analytics
- Driving innovation using complex data sets to identify risk, understanding the controls, parameters, risk methodologies
- Communicating complex issues by condensing them into a concise summary report and presentations
- Finding opportunities to enhance existing risk reporting and developing new key risk indicators
Placement in the range will vary based on job responsibilities and scope, geographic location, candidate's relevant experience, and other factors.
Base salary is only part of the total compensation package. Depending on the position and eligibility requirements, the offer package may also include bonus or other variable compensation.
We offer a wide range of benefits to meet your evolving needs and help you live your best life at work and at home. These benefits include comprehensive health care coverage and emotional well-being support, market-leading retirement, generous paid time off and parental leave, charitable giving employee match program, and educational assistance including student loan repayment, tuition reimbursement, and learning resources to develop your career. Note, the application window closes when the position is filled or unposted.
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.
Fidelity's hybrid working model blends the best of both onsite and offsite work experiences. Working onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most hybrid roles require associates to work onsite every other week (all business days, M-F) in a Fidelity office.
Certifications:
Company Overview
Fidelity Investments is a privately held company with a mission to strengthen the financial well-being of our clients. We help people invest and plan for their future. We assist companies and non-profit organizations in delivering benefits to their employees. And we provide institutions and independent advisors with investment and technology solutions to help invest their own clients' money.
Join Us
At Fidelity, you'll find endless opportunities to build a meaningful career that positively impacts peoples' lives, including yours. You can take advantage of flexible benefits that support you through every stage of your career, empowering you to thrive at work and at home. Honored with a Glassdoor Employees' Choice Award, we have been recognized by our employees as a top 10 Best Place to Work in 2024. And you don't need a finance background to succeed at Fidelity-we offer a range of opportunities for learning so you can build the career you've always imagined.
Fidelity's hybrid working model blends the best of both onsite and offsite work experiences. Working onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most hybrid roles require associates to work onsite all business days of every other week in a Fidelity office.
At Fidelity, we value honesty, integrity, and the safety of our associates and customers within a heavily regulated industry. Certain roles may require candidates to go through a preliminary credit check during the screening process. Candidates who are presented with a Fidelity offer will need to go through a background investigation, detailed in this document, and may be asked to provide additional documentation as requested. This investigation includes but is not limited to a criminal, civil litigations and regulatory review, employment, education, and credit review (role dependent). These investigations will account for 7 years or more of history, depending on the role. Where permitted by federal or state law, Fidelity will also conduct a pre-employment drug screen, which will review for the following substances: Amphetamines, THC (marijuana), cocaine, opiates, phencyclidine.
We invite you to Find Your Fidelity at fidelitycareers.com.
Fidelity Investments is an equal opportunity employer. We believe that the most effective way to attract, develop and retain a diverse workforce is to build an enduring culture of inclusion and belonging.
Fidelity will reasonably accommodate applicants with disabilities who need adjustments to participate in the application or interview process. To initiate a request for an accommodation, contact the HR Accommodation Team by sending an email to accommodations@fmr.com.