Manager, Market & Collateral Risk

Fidelity Investments Inc.; Jersey City (NJ); Hybrid; USD 76,000 - 144,000; Full time

Job summary

A leading company seeks a risk management expert within its Collateral & Market Risk Management team. This role involves stress testing, risk model assessment, and collaboration to enhance risk processes. Candidates should possess a relevant degree and experience in finance, demonstrating strong quantitative and communication skills.

Benefits

Comprehensive health care coverage

Generous paid time off

Parental leave

Educational assistance including tuition reimbursement

Qualifications

• 2+ years of relevant risk management experience.
• Experience in collateralized lending preferred.
• Strong foundation in financial markets and products.

Responsibilities

• Become a subject matter expert in stress testing.
• Perform assessments of risk model effectiveness.
• Partner with Risk Data Science to develop solutions.

Skills

Statistics

Quantitative Methods

Communication Skills

Teamwork

Detail Oriented

Education

Bachelor’s Degree in Finance or STEM

FRM

CFA

Tools

Excel

Bloomberg

PowerPoint

SQL

Job description

Job Description:

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

• Become a subject matter expert in stress testing and other risk and margin frameworks
• Perform ongoing assessments of risk model effectiveness, make enhancements where necessary and help develop new models and methodologies to support new business, markets, and products
• Perform daily and ongoing reviews of market and macro events to identify potential limitations in risk models and to measure and present the impact of market events
• Act as subject matter expert to support internal business partners and clients on matters related to the firm’s risk and margin frameworks
• Perform targeted deep dive analysis on the larger and more complex client portfolios.
• Become an expert in Central Counterparty (CCP) models and support development of replication and attribution tools
• Partner with the Risk Data Science & Analytics teams to innovate and develop solutions to enhance risk process, analytics and trend analysis
• Partner with the Risk Product Development team to make enhancements to risk 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
• 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 are a plus
• 2+ years of relevant risk management experience, preferably in collateralized lending
• Strong foundation in statistics and quantitative methods in finance
• Knowledge of financial markets and products and familiarity with the risks of listed derivative and fixed income instruments
• Understanding of risk management principles and the ability to analyze portfolio strategies and risks using stress testing and scenario analysis
• Excellent interpersonal, verbal and written communication skills; works well in a team environment; inquisitive and detail oriented; communicates complex topics clearly and concisely
• Knowledge of investment products, margin lending, trading, clearing and the related regulations
• You are well-organized and a self-starter able to work independently and manage time to drive initiatives from beginning to end
• Experienced with Excel, Bloomberg, PowerPoint, database queries and analytical tools and methodologies including SQL
• Effectively manages multiple initiatives and responsibilities within prescribed timelines
• Ability to engage interested parties and facilitate discussions and drive outcomes
• Drive innovation with out-of-the box thinking, challenging the status quo, and working with data science to deploy new artificial intelligence techniques

The base salary range for this position is $76,000-$144,000 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.

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.

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 every other week (all business days, M-F) in a Fidelity office.

Certifications:

Series 07 - FINRA

Category:

Risk