Manager, Collateral Risk

Fidelity•Jersey City, NJ

About The Position

Join the Fidelity Collateral and Market Risk Management team to help protect the firm from potential losses from margin lending and trading activities of both institutional and retail customers of Fidelity Investments. The team is responsible for determining lending policy and providing continuous analysis of the risks inherent in each client’s portfolio and investment strategy. Portfolios are analyzed and evaluated daily 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. The candidate will work extensively with business partners and customers to help articulate risk requirements and procedures.

Requirements

Excellent interpersonal, verbal and written communication skills; team player
Bachelor’s Degree (Finance or STEM based degree preferable)
5 years of Relevant Risk Management experience, preferably collateralized lending
Strong analytical skills
Deep knowledge of financial markets and products
Solid understanding of risk management principles and the ability to analyze portfolio strategies and risks using stress testing and scenario analyses
Strong analytical and statistical skills; inquisitive and detail oriented
Solid understanding of investment products, margin lending, trading, clearing and the related regulations
Ability to assess and identify the inherent risks in a business or activity
Experienced with Excel, Bloomberg, Powerpoint, database queries and analytical tools and methodologies
Self-starter able to work independently and manage time to drive initiatives from beginning to end
Very strong written and verbal communication skills
Collaborative with colleagues and thrive in a team environment
Experience in taking care of and resolving conflicts

Nice To Haves

Extensive experience with data analytics, stress testing, liquidity, market and operational risks
Optimally balancing multiple initiatives and responsibilities within prescribed timelines
Ability to engage interested parties and facilitate discussions, meetings and walkthroughs of risk policy and analytics
Driving innovation using complex data sets to identify risk, determining controls, parameters and risk methodologies
Communicating complex issues by condensing them into a concise summary report and presentations
Identifying opportunities to improve existing risk reporting and developing new key risk indicators

Responsibilities

Analysis of risk exposures and collateral requirements using stress testing and scenario analyses.
Daily monitoring of client portfolios to identify material risk exposures.
Regular interaction with account managers as well as business and risk partners on risk-related issues.
Analyzing market events and providing ad-hoc exposure summaries which estimate the impact on client portfolios.
Partnership with the Risk Data Science and Analytics team to enhance risk analytics and trend analysis.
Partnership with the Risk Product Development team for ongoing improvements to risk tools.