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 ServicesIndustries

Requirements

Bachelor’s degree in finance, economics, or accounting
3+ years of related credit experience
CFA or CFA Candidacy helpful but not required, or willingness to obtain
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
Strong teammate who is proactive, takes initiative, and communicates effectively with others
Experience with Bloomberg, S&P Capital IQ, PowerPoint, Excel, Tableau/Power BI a plus

Responsibilities

Independently assess and evaluate the credit worthiness of bank and broker-dealer counterparties across Fidelity platforms (primarily NFS including Fidelity Capital Markets, FDIC Bank Sweep, Treasury, and Enterprise Services)
Monitor credit and market exposure to counterparties
Perform qualitative and quantitative analysis of the financial condition of the firm, products and markets, management team strength, and reputational risk
Monitor credit limit usage for assigned counterparties, identify issues, and escalate with proposed solutions to the Vice President of Credit Risk
Perform written credit analysis on assigned new and existing bank/broker-dealer counterparties and establish appropriate credit limits and guidelines
Monitor and escalate credit and market exposure as necessary, utilizing various financial tools to assess, monitor, and measure daily counterparty activity
Collaborate with FCM trading desks, product teams, middle and back offices, treasury, legal, risk, and compliance partners to resolve issues and support business/product needs
Participate in the development, enhancement, and testing of risk management systems

Skills

Key technologies and capabilities for this role

credit risk analysisfinancial analysisBloombergS&P Capital IQExcelPowerPointTableauPower BIanalytical skillscommunication skills

Questions & Answers

Common questions about this position

What is the base salary range for the Manager, Credit Risk position?

The base salary range is $80,000-153,000 USD per year, with placement varying based on job responsibilities, scope, geographic location, candidate’s relevant experience, and other factors.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What education and experience are required for this role?

A Bachelor’s degree in finance, economics, or accounting and 3+ years of related credit experience are required. CFA or CFA Candidacy is helpful but not required, or willingness to obtain it.

What is the team structure for this position?

The role is part of the Fidelity Institutional (FI) Credit Risk Management Team within the Fidelity Enterprise Risk Management organization and Credit and Counterparty Center of Excellence, responsible for credit risk assessments of counterparties like banks, broker-dealers, hedge funds, and more.

What skills make a strong candidate for this Manager, Credit Risk role?

Strong analytical, written, and oral communication skills, ability to work in a fast-paced trading environment, proactivity, initiative, and experience with tools like Bloomberg, S&P Capital IQ, PowerPoint, Excel, and Tableau/Power BI are key.

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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