Fidelity Investments
Senior Manager - Market Risk
Fidelity Investments, Boston, Massachusetts, us, 02298
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 HaveBachelor's Degree in Finance or related field; Master's Degree, MBA or CFA is a plus5+ years of experience in Financial ServicesStrong analytical and technical skillsExcellent interpersonal, verbal and written communication skillsExperience with market, credit, default, liquidity, operational risk principles, as well as risk techniques such as stress testing and scenario analysesThe 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 practicesYou have strong technical and analytical skills to use in your daily risk management responsibilitiesYou 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 endYou are familiar or willing to learn brokerage, brokerage operations and brokerage rules and regulationsYou command effective written and verbal communication skills that will be demonstrated in influencing decisionsYou have excellent knowledge of MS office products particularly Excel, PowerPoint and WordFamiliarity 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 timelinesAbility to engage interested parties and facilitate discussions, meetings and walkthroughs of risk analyticsDriving innovation using complex data sets to identify risk, understanding the controls, parameters, risk methodologiesCommunicating complex issues by condensing them into a concise summary report and presentationsFinding opportunities to enhance existing risk reporting and developing new key risk indicators
The base salary range for this position is $85,000-$179,000 per year.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.
Certifications:
Category:
Risk
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 HaveBachelor's Degree in Finance or related field; Master's Degree, MBA or CFA is a plus5+ years of experience in Financial ServicesStrong analytical and technical skillsExcellent interpersonal, verbal and written communication skillsExperience with market, credit, default, liquidity, operational risk principles, as well as risk techniques such as stress testing and scenario analysesThe 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 practicesYou have strong technical and analytical skills to use in your daily risk management responsibilitiesYou 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 endYou are familiar or willing to learn brokerage, brokerage operations and brokerage rules and regulationsYou command effective written and verbal communication skills that will be demonstrated in influencing decisionsYou have excellent knowledge of MS office products particularly Excel, PowerPoint and WordFamiliarity 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 timelinesAbility to engage interested parties and facilitate discussions, meetings and walkthroughs of risk analyticsDriving innovation using complex data sets to identify risk, understanding the controls, parameters, risk methodologiesCommunicating complex issues by condensing them into a concise summary report and presentationsFinding opportunities to enhance existing risk reporting and developing new key risk indicators
The base salary range for this position is $85,000-$179,000 per year.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.
Certifications:
Category:
Risk