Director, Risk at Fidelity Investments

Jersey City, New Jersey, United States

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, BrokerageIndustries

Requirements

Bachelor’s degree (required)
MBA, Juris Doctor, or other master’s degree with strong academic credentials (preferred)
8-10+ years of risk, compliance, legal, or audit experience at complex financial services institutions, e.g., asset managers, banks, regulatory agencies (required)
Experience independently delivering on the expectations for this role (required)
Experience with brokerage products and services, brokerage operations, or client service operations – including familiarity with regulatory requirements (required)
Ability to deliver engaging, compelling, and persuasive presentations and reporting (required)
Exceptional judgment and analytical skills – ability to quickly analyze complex risk and business issues in a variety of substantive areas (required)
Experience with Archer GRC (preferred)
Exhibits executive presence and effectively persuades and influences senior leaders
Leads, develops, and inspires high-performing teams
Demonstrates exceptional attention to detail and communications skills
Drives outcomes in a fast-paced, distributed, and complex environment
Builds and maintains effective working relationships across businesses and support functions
Balances pace over perfection

Responsibilities

Advise senior leadership on operational risks and risk mitigation strategies
Support and participate in risk governance meetings, including risk committee(s)
Lead a team responsible for identifying, assessing, and monitoring risk
Proactively identify, assess, and monitor operational risks and remediation action plans
Develop and track business unit key risk indicators to monitor operational risk profiles
Coordinate risk assessment program with other second-line-of-defense leaders and functions to optimize cross-functional effectiveness
Collaborate with other lines of defense to identify emerging risks and opportunities
Timely investigate incidents, determine root cause, and advise on corrective actions
Oversee Brokerage issue management to ensure compliance with enterprise risk requirements
Build effective working relationships with business leaders and cross-functional partners

Skills

Key technologies and capabilities for this role

Risk GovernanceOperational RiskRisk AssessmentRisk MitigationKey Risk IndicatorsIssue ManagementBrokerage OperationsRegulatory ComplianceFinancial ServicesTeam LeadershipRoot Cause AnalysisIncident Investigation

Questions & Answers

Common questions about this position

What experience is required for the Director, Risk position?

Candidates need 8-10+ years of risk, compliance, legal, or audit experience at complex financial services institutions, experience with brokerage products and services or operations including regulatory requirements, and a Bachelor’s degree (required) with MBA, Juris Doctor, or other master’s preferred.

What are the main responsibilities of this role?

The role involves advising senior leadership on operational risks, leading a team to identify and monitor risks, developing key risk indicators, coordinating with other risk functions, investigating incidents, and overseeing issue management.

What is the team structure like for Brokerage Risk?

You will lead a team responsible for identifying, assessing, and monitoring risk, as part of the Brokerage Risk team that supports retail distribution and partners with business leaders and cross-functional partners.

What behavioral attributes are expected for this position?

The role requires executive presence to persuade senior leaders, ability to lead and inspire high-performing teams, exceptional attention to detail and communication skills, driving outcomes in a fast-paced environment, and building effective relationships.

What makes a strong candidate for this Director, Risk role?

Strong candidates have experience independently delivering on similar responsibilities, exceptional judgment and analytical skills for complex issues, ability to deliver compelling presentations, and familiarity with tools like Archer GRC.

Fidelity Investments

Investment management and financial services provider

About Fidelity Investments

Fidelity Investments offers a range of financial services and tools designed to help individuals manage their investments and stay informed about the markets. Their products include mobile applications and market monitoring tools that provide users with real-time market quotes, news, and trading capabilities. For example, the Fidelity Market Monitor for Glass delivers daily market quotes directly to Google Glass, while the Fidelity app for Windows Phone 8 allows users to access news and trading tools on their mobile devices. Additionally, features like the Watch List Visualization for iPad help users track stock price changes over time using a heatmap. What sets Fidelity apart from its competitors is its focus on integrating new technologies and user-friendly interfaces to enhance the investment experience. The goal of Fidelity Investments is to empower individuals with the information and tools they need to make informed financial decisions.

Boston, MassachusettsHeadquarters

1946Year Founded

$120,238.8MTotal Funding

DEBT_FINANCINGCompany Stage

Fintech, Financial ServicesIndustries

10,001+Employees

Benefits

Health Insurance

Mental Health Support

Hybrid Work Options

401(k) Retirement Plan

401(k) Company Match

Unlimited Paid Time Off

Parental Leave

Student Loan Assistance

Tuition Reimbursement

Risks

Loss of key personnel like Gita Bal may impact Fidelity's research capabilities.

Increased competition from Vanguard's new division could draw clients away from Fidelity.

Potential reputational risk from Bitcoin ETF outflows could affect Fidelity's offerings.

Differentiation

Fidelity Labs offers innovative beta products like Market Monitor for Google Glass.

Fidelity's mobile solutions are available on multiple platforms, including Windows Phone and iPad.

Fidelity's Open Limit Order Visualization provides unique insights into order execution proximity.

Upsides

Increased adoption of wearable tech could boost Fidelity's mobile solutions.

Growing interest in Bitcoin ETFs suggests expansion in Fidelity's digital asset offerings.

Rise of AI could benefit Fidelity's data analytics and AI-driven investment strategies.

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