Senior Analyst, Derivatives

Fidelity•Westlake, TX

About The Position

The Senior Analyst, Derivatives reports to the Derivatives Manager and supports operational activities for products managed by the derivatives team. The role involves trade confirmations, derivatives trade lifecycle events, margin calls, collateral transfers, researching and resolving variances, and serving as a first point of contact for business partners. The analyst also supports tactical, strategic, and regulatory projects as Fidelity expands its derivatives capabilities. The Derivatives team is a business unit within Global Middle Office. It works with Fidelity trading desks, global custodians, broker-dealers, and internal and external business partners to support derivatives trade confirmation, lifecycle events, and collateral management for Fidelity-managed funds. Supported processes include legal trade confirmation, periodic payments, exchange-traded futures collateral, centrally cleared collateral, OTC collateral, MSFTA collateral, settlements, reconciliation, and onboarding new products, funds, and broker-dealers. Fidelity is transitioning to a full-time onsite working model through a phased regional and role-based rollout. Current onsite expectations vary, and are likely to evolve. This transition does not apply to fully remote roles. Fidelity will not provide immigration sponsorship for this position. Hiring and association may be restricted by applicable laws and regulations based on certain criminal histories.

Requirements

Four-year college degree in business or finance.
Progressive years of financial services work experience.
Ability to work daily in a small, close-knit team and share responsibilities.
Ability to recognize and escalate high-risk items to minimize potential losses to shareholders and/or Fidelity.
Knowledge of Microsoft Office products, such as Word or Excel, and ability to train on and work with different operating systems.

Nice To Haves

Derivatives operations experience.
Innovation and ability to develop operational improvements.

Responsibilities

Complete trade confirmations and derivatives trade lifecycle events.
Execute daily margin calls; instruct and confirm collateral settlements.
Analyze, research, and resolve margin-call and collateral variances with broker-dealers and custodian banks.
Transfer collateral and support collateral management processes.
Provide reporting to internal and external business partners.
Serve as a first point of contact for business partners.
Recognize and escalate high-risk items and problems that could affect daily operations.
Support tactical, strategic, and regulatory projects related to derivatives capabilities.
Assist in developing and reviewing new or revised departmental policies and procedures.
Test and automate processes and workflows in an evolving environment.
Support legal trade confirmation, periodic payments, exchange-traded futures collateral, centrally cleared collateral, OTC collateral, MSFTA collateral, settlements, reconciliation, and onboarding of new products, funds, and broker-dealers.