Manager, Brokerage Operations

Fidelity Investments•Jersey City, NJ

23h•$66,000 - $125,000•Onsite

About The Position

The Operations Repo Specialist is responsible for the seamless execution, settlement, and lifecycle management of repurchase agreement (Repo) transactions used for collateral reinvestment. This role acts as the operational backbone for the Agency Lending desk, ensuring that all cash and securities movements are reconciled, risk-controlled, and compliant with client mandates. The Operations and Services Group (OSG) provides superior customer service to Fidelity’s brokerage businesses through innovation, dedication and commitment to excellence. OSG provides securities execution, clearance, and information management services to retail, institutional, and correspondent clients.

Requirements

3–5 years in Securities Finance Operations, Repo Middle/Back Office, or Collateral Management
Hands-on experience with settlement systems such as Global One, Pirum, Loanet, or Swift
Solid understanding of the mechanics of Repo/Reverse Repo, U.S. Treasury/Agency market, and the Securities Lending lifecycle
Ability to quickly diagnose and fix settlement fails under tight market deadlines
Comfortable working across desks, including Trading, Treasury, and Credit Risk

Responsibilities

Oversee the daily settlement of bilateral and tri-party Repo trades
Ensure timely delivery of collateral and cash via Fedwire and external vendors
Monitor daily collateral valuations and manage margin calls
Ensure all pledged assets meet specific client eligibility criteria
Perform daily cash and position reconciliations
Investigate and resolve trade discrepancies (fails) to mitigate TMPG charges and financial exposure
Monitor and resolve bond settlement fails and maintain records for counterparty charges
Oversee repo settlement
Reconcile custody records for interest/coupon activity
Ensure compliance with KYC/AML protocols