Manager, Credit Risk
About The Position
As a Manager Credit Risk, you will independently assess and evaluate the credit worthiness of bank and broker-dealer counterparties across Fidelity platforms, primarily including National Financial Services (NFS, which includes Fidelity Capital Markets), FDIC Bank Sweep, Treasury, and Enterprise Services. You will also monitor the credit and market exposure to these counterparts. You will perform a qualitative and quantitative analysis of the financial condition of the firm, the products and markets in which the firm is engaged, the strength of the firm's management team and whether there is any reputational risk in doing business with the counterpart. You will monitor credit limit usage for assigned counterparts, identify issues, and escalate with proposed solutions to the Vice President of Credit Risk as needed.
Requirements
- Bachelor's degree in finance, economics, or accounting
- 4+ years of related credit experience
- Your knowledge of bank/broker-dealer industry, capital markets products, and financial statement analysis
- Strong analytical, written, and oral communication skills that will be leveraged in influencing decisions
- Your ability to work effectively in a trading environment, prioritize workload and contribute as a member of a dynamic, fast paced team
- Strong teammate who is proactive, takes initiative, and communicates effectively with others
- Your experience with Bloomberg, S&P Capital IQ, PowerPoint, Excel, Tableau/Power BI a plus
Nice To Haves
- MBA a plus
- CFA or CFA Candidacy helpful but not required, or willingness to obtain
Responsibilities
- Performing written credit analysis on assigned new and existing bank/broker-dealer counterparts and establishing appropriate credit limits and guidelines based on analysis
- Monitoring and escalating credit and market exposure as necessary, utilizing various financial tools to assess, monitor, and measure daily counterparty activity
- Collaborating with the FCM trading desks, product teams, middle and back offices, treasury, as well as legal, risk, compliance partners to resolve issues and support the needs of the business/products
- Developing and implementing credit risk monitoring techniques and assisting in the evaluation of new products and trading systems for the business and the Credit Risk group
- Participating in the development, enhancement and testing of risk management systems
- Supporting the development and training of risk associates within the group
Benefits
- comprehensive health care coverage and emotional well-being support
- market-leading retirement
- generous paid time off and parental leave
- charitable giving employee match program
- educational assistance including student loan repayment, tuition reimbursement, and learning resources to develop your career
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What This Job Offers
Job Type
Full-time
Career Level
Manager
Industry
Securities, Commodity Contracts, and Other Financial Investments and Related Activities
Number of Employees
5,001-10,000 employees
