Client Risk Manager, Market and Counterparty Risk

Fidelity Canada•Toronto, ON

7d•CA$139,000 - CA$158,000•Hybrid

About The Position

The Client Risk Manager, Market and Counterparty Risk plays a key role in protecting FCC by overseeing and managing client-related risks across the clearing and custody business. This role is responsible for assessing financial, operational, regulatory, and reputational risks associated with clients, while supporting business growth through sound risk management practices. You will work closely with internal stakeholders including Relationship Management, Operations, Finance, Compliance, Legal, and Executive leadership to ensure risks are identified, monitored, escalated, and managed appropriately throughout the client lifecycle. The successful candidate will bring strong analytical and relationship management skills, combined with sound judgment and the ability to balance client service with prudent risk oversight.

Requirements

5+ years of experience in risk management, ideally within the securities or banking industry.
University degree, preferably in: Business, Finance, Computer Science, Management Information Systems, Mathematics, or a related field.
Strong understanding of capital markets, clearing and custody operations, and client onboarding practices.
Strong analytical and problem-solving skills with the ability to interpret financial and operational information.
Excellent written and verbal communication skills with the ability to influence stakeholders at various levels.
Strong organizational skills with the ability to manage multiple priorities in a fast-paced environment.
Proficiency with Microsoft Office applications, particularly Excel and PowerPoint.

Nice To Haves

Knowledge of CIRO, securities regulations, and Canadian financial industry practices.
Experience working in a clearing broker, custodian, or wealth management environment, preferably with responsibilities including trade desk oversight.
Professional designations such as CFA or FRM are considered an asset.
Experience with risk reporting tools, dashboards, or data analytics solutions.

Responsibilities

Conduct ongoing risk assessments of FCC clients, including financial analysis, operational reviews, and business model evaluations.
Assess and monitor client exposure across operational, market, credit, settlement, and reputational risk categories.
Act as a trusted advisor to business partners on client risk matters and risk mitigation strategies.
Review new client onboarding requests and participate in due diligence activities.
Escalate material client concerns and emerging risks to senior leadership and relevant risk committees.
Support the development and maintenance of client risk scoring methodologies and monitoring frameworks.
Lead development of scalable data and analytics solutions for client risk.
Develop & monitor key client risk indicators and trends, ensuring timely identification and escalation of concerns.
Prepare client risk reporting and presentations for management committees and senior leadership.
Maintain accurate documentation of assessments, decisions, and mitigation activities.
Contribute to the enhancement of client risk governance processes, procedures, and controls.
Support adherence to regulatory requirements and internal policies related to client risk management.
Assist with audits, regulatory reviews, and internal examinations as required.
Identify opportunities to improve risk processes, operational efficiencies, and reporting capabilities.
Participate in special projects and ad-hoc risk initiatives in support of FCC business priorities.