Risk Management
Market & Collateral Risk – Director
- Jersey City, NJ
Salary depends on a variety of factors including location and experience. Your recruiter will discuss with you.
Salary: listed in the job description
or discussed with your recruiter
Job Description:
Market & Collateral Risk Management – Director
The Team
Join Fidelity’s Collateral & Market Risk Management team to help protect the firm from potential losses from the margin lending and trading activities of both institutional and retail customers of Fidelity Investments. The team is responsible for determining lending appetite and providing continuous analysis of the risks inherent in each client’s portfolio and investment strategy. Portfolios are analyzed and evaluated in real-time 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.
Areas of Responsibility
- Subject matter expert in stress testing and other risk and margin frameworks
- Establish strategy, goals and priorities for your team and help them execute
- Develop close partnerships with senior business leaders, sales and relationship managers at Fidelity
- Maintain deep knowledge of businesses and customers related to the Fidelity brokerage platforms
- Act as a leader and coach helping to challenge and develop the associates around you
- Lead a team of associates to perform ongoing assessments of risk model effectiveness, make enhancements where necessary, and help develop models and methodologies to support new business, markets, and products.
- Actively monitor markets and macro events; consider the impact of these events on Fidelity businesses and customers and assessing potential limitations in risk models.
- Your team is the primary resource which provides support to internal business partners and clients on matters and questions related to stress testing and margin methodology
- Lead your team in targeted deep dive analysis of the larger and more complex client portfolios.
- Help lead regular presentations and discussions of top risks with business leadership
- Become an expert in Central Counterparty (CCP) models and risks; support development of replication and attribution tools; provide updates on trends and material changes to senior leadership
- Partner with the Risk Data Science & Analytics teams to innovate and develop solutions to enhance risk process and deliver business insights through analytics and trend analysis.
- Partner with the Risk Product Development team to make enhancements to risk systems & tools.
- Develop and support frameworks and processes for data quality assurance.
- Work closely with vendors that provide critical data and modeling services in support of the firm’s stress testing and margining processes.
- Partner with Compliance to draft responses to regulatory inquiry and/or meet with regulators directly as part of standard regulatory exams
- Lead and/or support special projects and initiatives
The Expertise and Skills You Bring
- Bachelor’s Degree (Finance or STEM degree preferrable); other credentials, e.g., FRM, CFA or advanced degrees are a plus
- 10+ years of relevant risk management experience, preferably in collateralized lending
- Significant experience applying statistics and quantitative methods in finance
- Strong knowledge of financial markets and products and fluency with the risks of listed derivative and fixed income instruments
- Expert in risk management principles and experience analyzing portfolio strategies and risks using stress testing and scenario analysis
- Technical experience working with product development, developers, risk systems and data
- Excellent interpersonal, verbal and written communication skills; works well in a team environment; communicates complex topics clearly and concisely
- Proven leader and manager with high EQ
- Strong knowledge of investment products, margin lending, trading, clearing and the related regulations
- Well-organized and a self-starter able to work independently and manage expectations, and drive initiatives from beginning to end
- Experienced with Excel, Bloomberg, PowerPoint, database queries and analytical tools and methodologies including SQL
- Drive innovation with out-of-the box thinking, challenging the status quo, and working with data science to deploy new artificial intelligence techniques
- Series 7 & 24 licenses (Fidelity will sponsor if you do not already have these)
The base salary range for this position is $103,000-$218,000 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.
Certifications:
Series 07 – FINRA, Series 24 – FINRA
Company Overview
Fidelity Investments is a privately held company with a mission to strengthen the financial well-being of our clients. We help people invest and plan for their future. We assist companies and non-profit organizations in delivering benefits to their employees. And we provide institutions and independent advisors with investment and technology solutions to help invest their own clients’ money.
Join Us
At Fidelity, you’ll find endless opportunities to build a meaningful career that positively impacts peoples’ lives, including yours. You can take advantage of flexible benefits that support you through every stage of your career, empowering you to thrive at work and at home. Honored with a Glassdoor Employees’ Choice Award, we have been recognized by our employees as a top 10 Best Place to Work in 2024. And you don’t need a finance background to succeed at Fidelity—we offer a range of opportunities for learning so you can build the career you’ve always imagined.
Fidelity’s hybrid working model blends the best of both onsite and offsite work experiences. Working onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most hybrid roles require associates to work onsite all business days of every other week in a Fidelity office.
At Fidelity, we value honesty, integrity, and the safety of our associates and customers within a heavily regulated industry. Certain roles may require candidates to go through a preliminary credit check during the screening process. Candidates who are presented with a Fidelity offer will need to go through a background investigation, detailed in this document, and may be asked to provide additional documentation as requested. This investigation includes but is not limited to a criminal, civil litigations and regulatory review, employment, education, and credit review (role dependent). These investigations will account for 7 years or more of history, depending on the role. Where permitted by federal or state law, Fidelity will also conduct a pre-employment drug screen, which will review for the following substances: Amphetamines, THC (marijuana), cocaine, opiates, phencyclidine.
We invite you to Find Your Fidelity at fidelitycareers.com.
Fidelity Investments is an equal opportunity employer. We believe that the most effective way to attract, develop and retain a diverse workforce is to build an enduring culture of inclusion and belonging.
Fidelity will reasonably accommodate applicants with disabilities who need adjustments to participate in the application or interview process. To initiate a request for an accommodation, contact the HR Accommodation Team by sending an email to accommodations@fmr.com.
Company overview
At Fidelity, we are passionate about making our financial expertise broadly accessible and effective in helping people live the lives they want! We are a privately held company that places a high degree of value in creating and nurturing a work environment that attracts the best talent and reflects our commitment to our associates. We are proud of our diverse and inclusive workplace where we respect and value our associates for their unique perspectives and experiences. For information about working at Fidelity, visit FidelityCareers.com. Fidelity Investments is an equal opportunity employer. Fidelity will reasonably accommodate applicants with disabilities who need adjustments to complete the application or interview process.
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This is my Fidelity
Benefits that adapt to everything life sends your way
401(k) with company match
Medical, dental, vision and prescription drug coverage
16-week maternity leave & 12-week parental leave
Student loan assistance
Fidelity is invested in you
Committed to Professional Development
At Fidelity, we are constantly adapting to the changing needs of our customers, new technologies, and better ways of working. And we empower our employees to do the same, with an emphasis on developing skills and connections that will help propel you forward in your career while being able to make an impact for Fidelity’s customers around the world.
We offer a wide range of options for professional development including online, in-person, and mentor driven solutions. Special interest and networking groups are also part of our culture of empowerment, personal and professional enrichment, diversity and inclusion, and knowledge sharing.
Continuing Education & Training
- Assess, build, and align your development plan through resources like our skill-building classroom and online courses.
- Video-based training for technology, leadership, management & more.
- Ongoing skills development and coaching opportunities.
- Paid training with a facilitator who is dedicated to your onboarding and will track and evaluate your progress, giving you strategies to improve.
- A range of talent development programs to support career mobility.
Mentoring
- Utilize the skills of experienced leaders to enrich your career.
- Dedicated mentors to help you grow into new areas of Fidelity’s business as you develop new skills.
- An open atmosphere of knowledge sharing and collaboration.
- Opportunities to pay it forward, sharing the knowledge you develop and as you help others define how they want their career to take shape.
Our Commitment to Diversity and Inclusion
"Fidelity believes in, and is committed to, fair and equitable treatment for every associate and customer, and to creating a safe and respectful environment, in which everyone is treated with kindness, compassion and respect." Abby Johnson | Chairman and CEO Fidelity Investments
At Fidelity, we are committed to building an enduring culture of inclusion and belonging that will attract, develop and retain a diverse workforce.
Fidelity’s ten affinity groups are self-organized groups of employees with common interests in areas such as race, ethnicity, gender or sexual orientation, or who share similar interests based on similar sets of experiences.
These Employee Resource Groups and Special Interest Groups are models of inclusion for Fidelity. They’re also a powerful form of engagement and development and can provide a pathway to visible leadership roles. Our affinity groups make a large contribution on the business, helping to ensure our products and services are delivered in a welcoming and equitable environment.
- Over 22K employees participate in an affinity group.
- Over 1,400 affinity group members volunteered for Fidelity Cares in 2020.
- 74% increase in affinity group memberships over the last three years.
Giving Back to Our Communities
Throughout Fidelity, you’ll find a genuine commitment to social responsibility – where we strive to make an impact for customers, while also making an impact on the world.
Fidelity Cares
- Provides associates with opportunities to actively volunteer and share their talents.
- Hosts numerous company-wide volunteer events (in-person and virtual).
- Partners with nonprofit organizations to support our local communities.
- More than 12,000 associates donate time annually – from interns to SVPs.
- Impact includes refurbishing schools, donating books and supplies, and teaching financial literacy.
Fidelity Charitable®
- Created to make it easy for people to support charitable organizations they care about.
- Helped deliver $7.3 billion in donor-recommended grants to charity in 2019.
- Supported more than 300,000 unique charities around the world.
- Since its inception, more than $42 billion has been given to public charities.
