Manager, Collateral Risk

About the role

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.

Responsibilities

• 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.

Requirements

• 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

Qualifications

• Strong analytical and statistical skills; you are inquisitive and detail oriented
• A solid understanding of investment products, margin lending, trading, clearing and the related regulations
• The ability to assess and identify the inherent risks in a business or activity
• Experience with Excel, Bloomberg, Powerpoint, database queries and analytical tools and methodologies
• The ability to work independently and manage time to drive initiatives from beginning to end
• Very strong written and verbal communication skills
• The ability to collaborate with colleagues and thrive in a team environment
• Experience in taking care of and resolving conflicts

Skills

• 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

Benefits

The value you deliver includes extensive experience with data analytics, stress testing, liquidity, market and operational risks, optimally balancing multiple initiatives and responsibilities within prescribed timelines, engaging interested parties and facilitating 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.

Pay

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.

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.

Company Information

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.