Prime Brokerage Risk Manager
About the role
The role involves owning real-time risk insights such as stress testing, scenario analysis, and portfolio monitoring that directly influence margin decisions and client outcomes. You will partner with senior stakeholders, credit, and technology to shape firm-wide risk frameworks and build next-generation risk systems.
Responsibilities
- Deliver value through sophisticated data analytics across market, liquidity, and operational risks, driving innovation in risk methodologies, controls, and parameters.
- Engage stakeholders through clear discussions, walkthroughs, and presentations, distilling complex risk issues into concise reports for decision-makers.
- Identify inherent business risks and uncover opportunities to enhance risk reporting and develop new key risk indicators.
- Help strengthen the firm’s risk posture while enabling smarter, faster decisions across the business.
Requirements
- Bachelor’s degree in Finance or a STEM-related field
- 5+ years of relevant risk management experience, preferably within Prime Brokerage or institutional collateralized lending
- Knowledge of financial markets, investment products, and core brokerage functions
- Advanced Excel, data querying, and analytical tool expertise; programming skills are a plus
- Highly analytical, detail-oriented, and technically proficient
- Self-starter and collaborative partner who communicates complex topics clearly, influences decisions, manages multiple initiatives end-to-end, and effectively navigates and resolves conflicts
Qualifications
- Strong understanding of portfolio risk, stress testing, and scenario analysis
- Ability to identify inherent business risks and enhance risk reporting
- Experience in risk management of the Fidelity Capital Markets Prime Services business
- Knowledge of collateral, market, and operational risks associated with the intraday and overnight extension of collateralized credit to clients
- Experience in determining lending policy and analyzing risks inherent in each client's portfolio and investment strategy
- Experience in extensive simulation and stress analysis to estimate market-related risks
- Experience in developing, testing, and validating strong risk models to ensure clients remain well-collateralized on an ongoing basis
Skills
- Advanced Excel, data querying, and analytical tool expertise
- Programming skills are a plus
- Highly analytical, detail-oriented, and technically proficient
- Clear communication and presentation skills
- Ability to influence decisions and manage multiple initiatives end-to-end
- Effective conflict resolution skills
- Experience in risk management of the Fidelity Capital Markets Prime Services business
- Experience in determining lending policy and analyzing risks inherent in each client's portfolio and investment strategy
- Experience in extensive simulation and stress analysis to estimate market-related risks
- Experience in developing, testing, and validating strong risk models to ensure clients remain well-collateralized on an ongoing basis
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 $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 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.