Risk Analyst, Fidelity Institutional Risk

Fidelity Investments • Jersey City, NJ

12d • $67,000 - $127,000 • Onsite

About The Position

We are seeking a highly motivated individual contributor who will work closely with Fidelity Capital Markets to monitor and provide oversight of daily operational risk activities. As part of this team you will also be responsible for helping to manage and implement the 15c3-5 (Market Access) program which applies systematic risk controls across asset classes to Fidelity’s market-facing trading activities. In addition, you will lead specialized risk initiatives such as control testing, assessments, and after-action reviews. This is a unique opportunity which blends knowledge and curiosity of trading markets with quantitative skills in a fast-paced environment. The Team In this role, you will apply quantitative skills to evaluate processes and procedures across Fidelity Capital Markets while assisting with the daily management of operational risk monitoring and the Market Access program. Overall, the team helps ensure that Fidelity protects its reputation and complies with laws and regulations relating to the risks created by the use of models, rules engines, automated controls, and system-generated reports. You will think and work across Fidelity with partners in Fidelity Institutional (FI) Business Units with a focus on the Fidelity Capital Markets trading desks and operations. By challenging the norm and valuing pace over perfection, you will help drive innovation in our space. The team has a diverse set of skills in the following areas: data analytics, trading infrastructure, back office, brokerage knowledge and audit/testing background. We are seeking a candidate who has strengths as noted below, but more importantly, is willing to learn skills where needed.

Requirements

• Interpersonal skills and demeanor to communicate effectively with trading, operations, risk, compliance and legal across Capital Markets.
• Working knowledge of capital markets including equity, fixed income and options trading.
• In the field of data analytics – developing queries, analyzing large and complex data sets, identifying trends or outliers, and utilizing this information to perform control testing or in support of risk assessments.
• Ability to contribute to and lead After Action Reviews for incidents or procedural deficiencies putting the firm at risk for current or future financial exposures or losses.
• Practical working knowledge of common reporting and visualization tools (ex. MS Excel, Tableau or similar applications).
• 1-5 years experience in financial services, risk management, audit, control testing, and/or compliance related work.
• Able to work in a face-paced trading environment dealing with individual traders, reps and production support.
• Organized and have the ability to multi-task across multiple projects or activities simultaneously and can deliver results in an accurate and timely manner.
• Ability to deconstruct business rules, logic, and code in order to review and detect potential design flaws or operating failures for the activity or control being assessed.
• Possess a working knowledge of common analytical, reporting, and visualization tools and methods.
• Creative problem solver with a curiosity fueled by current technology, and are interested in applying new technology-based solutions to our testing processes.
• Able to overcome unexpected obstacle with little or no supervision.
• Utilize effective collaboration with internal and external business partners to get the job done.
• Apply sound judgment to recognize issues, assess risks, and identify items requiring escalation.
• Can effectively communicate, both written and verbal, to all levels of management.

Nice To Haves

• Series 7 is desired upon hire.

Responsibilities

• Monitor and provide oversight of daily operational risk activities.
• Manage and implement the 15c3-5 (Market Access) program.
• Lead specialized risk initiatives such as control testing, assessments, and after-action reviews.
• Apply quantitative skills to evaluate processes and procedures across Fidelity Capital Markets.
• Assist with the daily management of operational risk monitoring and the Market Access program.
• Ensure that Fidelity protects its reputation and complies with laws and regulations relating to the risks created by the use of models, rules engines, automated controls, and system-generated reports.
• Contribute to the development of a data-driven approach to test and analyze risk.
• Continuously improve programs to exceed the pace of the prevailing technology, industry, and regulatory environments.
• Design and implement strategies that utilize analytics techniques, tools, and methods.
• Promote a culture of risk management by building relationships and creating awareness about the risks facing business partners.

Benefits

• Comprehensive health care coverage
• Emotional well-being support
• Market-leading retirement
• Generous paid time off
• Parental leave
• Charitable giving employee match program
• Educational assistance including student loan repayment, tuition reimbursement, and learning resources to develop your career.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed