Manager, Credit Risk at Fidelity Investments

Jersey City, New Jersey, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, Investment ManagementIndustries

Requirements

Bachelor’s degree in finance, economics, or accounting
3 – 5 plus years of related credit experience
CFA or CFA Candidacy helpful but not required
Knowledge of Prime Brokerage, Capital Markets products, digital assets, investment strategies, financial statement analysis and accounting principles
Strong analytical, written, and oral communication skills
Ability to work effectively in a trading environment, prioritize workload and contribute as a member of a dynamic, fast paced team
Excellent problem-solving skills
Experience with Bloomberg, PowerPoint, Excel, Tableau and Power BI

Responsibilities

Independently assessing the creditworthiness of institutional trading counterparts of Fidelity Capital Markets (FCM)
Monitoring the credit and market exposure to these counterparts
Reviewing Hedge Funds, Broker Dealers, Registered Investment Advisors, and exposure on alternative assets through credit analysis on traditional and non-traditional market participants
Performing qualitative and quantitative analysis of the financial condition of firms, including products and markets, investment strategy, management team strength, and reputational risk
Monitoring trading line usage for assigned counterparts, proactively identifying emerging risks, and escalating issues with actionable recommendations to the Vice President of Credit Risk
Performing written financial and risk analysis on all new and existing trading counterparts and establishing appropriate trading guidelines based on analysis
Monitoring and escalating credit and market exposure as necessary, utilizing various financial tools to assess, monitor, and measure daily counterparty trading activity
Collaborating with Compliance, Legal, Collateral and Operational Risk teams and building relationships across the organization to resolve issues and support the needs of the Fidelity Prime Services business
Advising the business to ensure an effective risk governance structure and communication of Credit Risk Management policies and procedures
Documenting enhancements to existing credit risk policies and procedures and assisting in drafting new policies and procedures as needed
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

Skills

Credit Risk

Financial Statement Analysis

Prime Brokerage

Capital Markets

Hedge Funds

Broker Dealers

Investment Strategies

Accounting Principles

Qualitative Analysis

Quantitative Analysis

Risk Monitoring

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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