Risk Analyst, Fidelity Institutional Risk

About the role

We are seeking a highly motivated individual contributor who will work closely with Fidelity Capital Markets to monitor and provide oversight of daily operational risk activities. As part of this team you will also be responsible for helping to manage and implement the 15c3-5 (Market Access) program which applies systematic risk controls across asset classes to Fidelity’s market-facing trading activities. In addition, you will lead specialized risk initiatives such as control testing, assessments, and after-action reviews.

Responsibilities

• Evaluate processes and procedures across Fidelity Capital Markets while assisting with the daily management of operational risk monitoring and the Market Access program.
• Ensure Fidelity protects its reputation and complies with laws and regulations relating to the risks created by the use of models, rules engines, automated controls, and system-generated reports.
• Think and work across Fidelity with partners in Fidelity Institutional (FI) Business Units with a focus on the Fidelity Capital Markets trading desks and operations.
• Contribute to and lead After Action Reviews for incidents or procedural deficiencies putting the firm at risk for current or future financial exposures or losses.
• Design and implement strategies that utilize analytics techniques, tools, and methods.
• Promote a culture of risk management by building relationships and creating awareness about the risks facing our business partners.

Requirements

• Interpersonal skills and demeanor to communicate effectively with trading, operations, risk, compliance and legal across Capital Markets.
• Working knowledge of capital markets including equity, fixed income and options trading.
• Series 7 is not required but is desired upon hire.
• Practical working knowledge of common reporting and visualization tools (ex. MS Excel, Tableau or similar applications).
• 1-5 years experience in financial services, risk management, audit, control testing, and/or compliance related work.

Qualifications

• Data analytics - developing queries, analyzing large and complex data sets, identifying trends or outliers, and utilizing this information to perform control testing or in support of risk assessments.
• Ability to deconstruct business rules, logic, and code in order to review and detect potential design flaws or operating failures for the activity or control being assessed.
• Working knowledge of common analytical, reporting, and visualization tools and methods.
• Creative problem solving with a curiosity fueled by current technology, and interest in applying new technology-based solutions to our testing processes.
• Able to overcome unexpected obstacles with little or no supervision.
• Effective collaboration with internal and external business partners to get the job done.
• Sound judgment to recognize issues, assess risks, and identify items requiring escalation.
• Effective communication, both written and verbal, to all levels of management.

Skills

• Data analytics - developing queries, analyzing large and complex data sets, identifying trends or outliers, and utilizing this information to perform control testing or in support of risk assessments.
• Practical working knowledge of common reporting and visualization tools and methods.
• Ability to deconstruct business rules, logic, and code in order to review and detect potential design flaws or operating failures for the activity or control being assessed.
• Practical working knowledge of common analytical, reporting, and visualization tools and methods.
• Creative problem solving with a curiosity fueled by current technology, and interest in applying new technology-based solutions to our testing processes.
• Able to overcome unexpected obstacles with little or no supervision.
• Effective collaboration with internal and external business partners to get the job done.
• Sound judgment to recognize issues, assess risks, and identify items requiring escalation.
• Effective communication, both written and verbal, to all levels of management.

Benefits

The value you deliver includes contributing to the development of a data-driven approach to test and analyze risk, while continuously improving our programs to exceed the pace of the prevailing technology, industry, and regulatory environments (i.e. bringing new ideas, methodologies, etc. to the table). Promoting a culture of risk management by building relationships and creating awareness about the risks facing our business partners.

Pay

The base salary range for this position is $67,000-$127,000 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.