Credit Risk Analyst

Fidelity Investments•Jersey City, NJ

1d•$67,000 - $127,000

About The Position

As a Credit Risk Analyst in the Credit Risk Vendor Management team, you will be responsible for ensuring that all Tier 1 and Tier 2 third-party vendors currently utilized across many groups within the Fidelity Institutional complex are in good financial health. The group collaborates with multiple groups within Fidelity, including but not limited to the Vendor Oversight team, Fidelity Wealth, Fidelity Brokerage, Enterprise Technology, FDAS, FFIO, WI, and others. The Credit Risk Vendor Management Team sits within the Fidelity Legal, Risk and Compliance organization and is part of the Credit and Counterparty Center of Excellence. The team is responsible for financial health assessments for new and existing vendors including both private and public companies. We operate as a cross-functional team advising multiple business units on the financial health of their third-party vendors to ensure continuation of service. Members of the Credit Risk Vendor Management team are responsible for performing financial reviews on all new and existing Tier 1 and Tier 2 vendors on the platform. This includes detailed review of financial statements including cash flows and financial notes as well as performing non-intrusive background checks on the management team and its key principals. Additional tasks include adverse media monitoring, preparation of monthly reports for review with senior management, monitoring of vendors on the vendor monitoring list, coordination with vendor managers and business units, and conducting calls with C-Level members of the vendor.

Requirements

Bachelor’s degree required; preferably finance or accounting
3+ years of brokerage experience preferred
2+ years of risk experience preferred
Experience with financial statement analysis is required
Strong critical thinking and analytical skills
Strong team player who takes initiative, builds consensus, and works constructively with others
Ability to work on multiple tasks and manage multiple priorities and workload
Strong presentation, written, and interpersonal communication skills
Knowledge of financial statements, including but not limited to cash flow and interest coverage modeling and general knowledge of financial ratios
Familiarity with relevant industry accounting guidelines, i.e., U.S. GAAP and IFRS
General knowledge of Bloomberg terminals, SEC EDGAR, SNL and SalesForce
Strong MS Office skills, especially PowerPoint and Excel

Responsibilities

Review of all new Tier 1 and Tier 2 vendors on-boarding to the platform
Monitor existing Tier 1 and Tier 2 vendors to ensure they are in good financial standing
Prepare and analyze a series of reports and presentations that assist with the monitoring and oversight of vendors
Alert business units when a vendor is deemed high risk and an alternative vendor should be engaged/identified
Coordinate meetings and reviews with both internal and external business partners which includes C-Level executives
Maintain proper record retention in SalesForce and VRW and update policies and procedures as needed