Prime Services Business Management
About The Position
The Role This role will require you to establish yourself as the Securities Finance point person for the Fidelity client base across the enterprise. The candidate will manage the relationships as well as provide education & support to internal counterparts and channel clients on all Securities Finance related matters. The business management side of the role touches several aspects within Prime Services - risk, margin, tax, capital efficiency. The role related to these areas will vary on an as needed basis but will include: Serve as a trusted point of contact for internal risk management functions Collaborate with product teams and project managers across the organization to align business strategy, drive towards streamlined solutions, and improve client experience Management of locates, short positions, their rates and profitability Work towards a thorough understanding of the products and offerings within Prime Services – Examples include Portfolio Margin, Cash Sweep, and Arranged Finance Execute daily and monthly supervisory tasks for Prime Services and Family Office Work with business partners across Fidelity’s distribution channels to evaluate new business opportunities
Requirements
- Bachelor’s degree in Finance, Economics, or related field required; current/previous roles in Corporate Finance or Accounting
- 4-6+ years work experience in a related field
- Series 7, 24 & 63 and/or progress toward obtaining necessary licenses
- Knowledge and understanding of Securities Finance and Prime Brokerage required
- Understanding of capital structure, cost of capital, liquidity management, and securities and prime brokerage financing products - margin lending and repo
- Experience evaluating counterparty risk, market risk, and liquidity risk in financing transactions
- Working knowledge of brokerage regulatory regimes and margin rules
- Proficiency building financing models, scenario analyses, and client profitability assessments
- Experience working with Trading, Risk, Legal, Treasury, and Operations to deliver client solutions
- Ability to work in a deadline-oriented environment managing multiple responsibilities/projects simultaneously
Responsibilities
- Serve as a trusted point of contact for internal risk management functions
- Collaborate with product teams and project managers across the organization to align business strategy, drive towards streamlined solutions, and improve client experience
- Management of locates, short positions, their rates and profitability
- Work towards a thorough understanding of the products and offerings within Prime Services – Examples include Portfolio Margin, Cash Sweep, and Arranged Finance
- Execute daily and monthly supervisory tasks for Prime Services and Family Office
- Work with business partners across Fidelity’s distribution channels to evaluate new business opportunities
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
Mid Level
Number of Employees
101-250 employees
