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Manager, Collateral Risk at Fidelity – oversee risk management for margin lending.
Lead stress testing, portfolio monitoring, and risk model development to protect the firm.
Job Description
Job Description: Note: Fidelity will not provide immigration sponsorship for this position
The Team
Join the Fidelity Collateral and Market Risk Management team to help protect the firm from potential losses from margin lending and trading activities of both institutional and retail customers of Fidelity Investments. The team is responsible for determining lending policy and providing continuous analysis of the risks inherent in each client’s portfolio and investment strategy. Portfolios are analyzed and evaluated daily through extensive simulation and stress analysis designed to estimate market related risks. The team develops and maintains risk models, methodologies and processes to ensure the risk framework remains robust and effective as market structures, strategies and products evolve. The candidate will work extensively with business partners and customers to help articulate risk requirements and procedures.
The role will include:
- Analysis of risk exposures and collateral requirements using stress testing and scenario analyses.
- Daily monitoring of client portfolios to identify material risk exposures.
- Regular interaction with account managers as well as business and risk partners on risk-related issues.
- Analyzing market events and providing ad-hoc exposure summaries which estimate the impact on client portfolios.
- Partnership with the Risk Data Science and Analytics team to enhance risk analytics and trend analysis.
- Partnership with the Risk Product Development team for ongoing improvements to risk tools.
The Expertise You Have
- Excellent interpersonal, verbal and written communication skills; team player
- Bachelor’s Degree (Finance or STEM based degree preferable)
- 5 years of Relevant Risk Management experience, preferably collateralized lending
- Strong analytical skills
- Deep knowledge of financial markets and products
- Solid understanding of risk management principles and the ability to analyze portfolio strategies and risks using stress testing and scenario analyses
The Skills You Bring
- You have strong analytical and statistical skills; you are inquisitive and detail oriented
- You have a solid understanding of investment products, margin lending, trading, clearing and the related regulations
- You have the ability to assess and identify the inherent risks in a business or activity
- You are experienced with Excel, Bloomberg, Powerpoint, database queries and analytical tools and methodologies
- You are a self-starter able to work independently and manage time to drive initiatives from beginning to end
- You have very strong written and verbal communication skills
- You are collaborative with colleagues and thrive in a team environment
- You have experience in taking care of and resolving conflicts
The Value You Deliver
Extensive experience with data analytics, stress testing, liquidity, market and operational risks Optimally balancing multiple initiatives and responsibilities within prescribed timelines Ability to engage interested parties and facilitate discussions, meetings and walkthroughs of risk policy and analytics Driving innovation using complex data sets to identify risk, determining controls, parameters and risk methodologies Communicating complex issues by condensing them into a concise summary report and presentations Identifying opportunities to improve existing risk reporting and developing new key risk indicators
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.
Compensation and Benefits
The base salary range for this position is $80,000-$153,000 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.