Job Description:

Manager of Risk

Manage risk at Fidelity Investments in Jersey City, NJ. Analyze and innovate in a competitive industry.

Job ResponsibilitiesRisk Analysis and Management: Analyze risk exposures using stress testing and scenario analyses for client trading, assessing collateral-based margin requirements. Your due diligence and attention to detail will determine the success of our risk management strategies.Client Portfolio Monitoring: Daily: Monitor client portfolios, providing commentary or market risk positions to identify material risk exposures and concentrations. Collaborate with Prime Services Account Managers and Credit Risk to review and approve new client prospects.Model Risk Management Framework: Collaborate in developing a firm-wide Model Risk Management Framework, ensuring risk models are robust and clients remain well-collateralized.Market Trend Analysis: Monitor and analyze market trends and movements, estimating their impact on client portfolios. Conduct ad-hoc exposure analyses in response to changing market conditions, often at the request of senior management.Technology and Product Development Coordination: Collaborate with Technology and Product Development to improve risk system capabilities in performance, reporting, and data. Improve margining capabilities and incorporate new products into the risk system.Expertise and Skills You BringEducational Background: Bachelor’s Degree in Finance or a STEM-related field is preferred.Experience: 5+ years of relevant risk management experience, with a focus on Prime Brokerage or Institutional collateralized lending.Technical Skills: Extensive experience with data analytics, stress testing, liquidity, market, and operational risks. Useful programming skills are preferred but not required.Analytical Skills: Strong analytical, technical, and critical thinking skills are crucial for effective risk management.Market Knowledge: Deep understanding of financial markets and products, with solid expertise in investment products, trading, lending, margin, financing, clearing, and custody.Communication: Excellent interpersonal, verbal, and written communication skills are vital to influence decisions and collaborate effectively with colleagues.Problem Solving: Proven ability to identify inherent risks and resolve conflicts. Commanding effective written and verbal communication skills to influence decisions.Team Collaboration: Thrive in a team environment and partner with colleagues to successfully implement risk management strategies.Technical Proficiency: Strong knowledge of Excel, database queries, and analytical tools and methodologies.The Team

Our team focuses on Collateral, Market, and Operational risk associated with the intraday and overnight extension of collateralized credit to clients. We are committed to determining lending policy and continuously analyzing the risks inherent in each client’s portfolio and investment strategy. We conduct extensive simulation and stress analysis to estimate market-related risks, ensuring our clients remain well-collateralized.

The base salary range for this position is $71,000-$112,000 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:

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. Having the majority of our associates work onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most roles listed as Hybrid will require associates to work onsite all business days of every other week in a Fidelity office. This does not apply to roles listed as Remote or Onsite.

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.