Head of FI and Green Pier Risk Management

About the role

The Head of Operational Risk for two critical business units – Fidelity Institutional and Green Pier, serves as a key business risk partner, actively engaged in all facets of running the functions. This includes oversight of day-to-day operations, support for new business initiatives, incident response coordination, and proactive tracking, escalation, and closure of issues.

Responsibilities

• Own and maintain BU’s Operational Risk framework.
• Lead RCSA, Proactive Assessment, Control Testing and Readiness Assessment cycles.
• Define tolerance thresholds and escalation triggers in alignment with the enterprise-wise escalation policy.
• Identify key risks, evaluate inherent / residual risk levels, and validate control effectiveness.
• Identify risk gaps before product go-live.
• Oversee the 15c-3 regulatory Market Access Program.
• Maintain operational loss event and near-miss tracking as well as overarching emerging risk identification.
• Act as primary point of contact for operational risk topics in regulatory exams (SEC, FINRA etc.).
• Monitor evolving regulatory requirements and assess business impact.
• Provide ongoing feedback, structured development plans and stretch assignments to grow department talent.

Requirements

Preferred is at least 15 plus years of relevant risk management experience in roles such as Risk Management, Internal and External Audit or Compliance.

Deep understanding of the Brokerage Business including the trade lifecycle, Clearing, Custody, Prime Brokerage, Sec Lending and Cap Markets Trading.

Regulatory fluency in Custody / Clearing / Prime space.

Ability to operate at both – strategic and tactical levels including root-cause analysis to executive presentations.

Ability to lead teams across locations and time zones maintaining cohesion and accountability.

Series 7 / 24 (required or obtained within 90 days of hire).

Skills

Own and maintain BU’s Operational Risk framework.

Lead RCSA, Proactive Assessment, Control Testing and Readiness Assessment cycles.

Define tolerance thresholds and escalation triggers in alignment with the enterprise-wise escalation policy.

Identify key risks, evaluate inherent / residual risk levels, and validate control effectiveness.

Identify risk gaps before product go-live.

Oversee the 15c-3 regulatory Market Access Program.

Maintain operational loss event and near-miss tracking as well as overarching emerging risk identification.

Act as primary point of contact for operational risk topics in regulatory exams (SEC, FINRA etc.).

Monitor evolving regulatory requirements and assess business impact.

Provide ongoing feedback, structured development plans and stretch assignments to grow department talent.

Benefits

Fidelity offers 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.

Pay

The base salary range for this position is $130,000-$264,000 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.

Schedule

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.