Manager, Market & Collateral Risk

Job Description:

The Team

Join Fidelity's Collateral & Market Risk Management team to help protect the firm from potential losses from the margin lending and trading activities of both institutional and retail customers of Fidelity Investments. The team is responsible for determining lending appetite and providing continuous analysis of the risks inherent in each client's portfolio and investment strategy. Portfolios are analyzed and evaluated in real-time through extensive simulation and stress analysis designed to estimate market related risks. The team develops and maintains risk models, methodologies and processes to ensure the risk framework remains robust and effective as market structures, strategies and products evolve.

• Become a subject matter expert in stress testing and other risk and margin frameworks
• Perform ongoing assessments of risk model effectiveness, make enhancements where necessary and help develop new models and methodologies to support new business, markets, and products
• Perform daily and ongoing reviews of market and macro events to identify potential limitations in risk models and to measure and present the impact of market events
• Act as subject matter expert to support internal business partners and clients on matters related to the firm's risk and margin frameworks
• Perform targeted deep dive analysis on the larger and more complex client portfolios.
• Become an expert in Central Counterparty (CCP) models and support development of replication and attribution tools
• Partner with the Risk Data Science & Analytics teams to innovate and develop solutions to enhance risk process, analytics and trend analysis
• Partner with the Risk Product Development team to make enhancements to risk tools
• Develop and support frameworks and processes for data quality assurance
• Work closely with vendors that provide critical data and modeling services in support of the firm's stress testing and margining processes
• Lead and/or support special projects and initiatives

• Bachelor's Degree (Finance or STEM degree preferrable); other credentials, e.g., FRM, CFA are a plus
• 2+ years of relevant risk management experience, preferably in collateralized lending
• Strong foundation in statistics and quantitative methods in finance
• Knowledge of financial markets and products and familiarity with the risks of listed derivative and fixed income instruments
• Understanding of risk management principles and the ability to analyze portfolio strategies and risks using stress testing and scenario analysis
• Excellent interpersonal, verbal and written communication skills; works well in a team environment; inquisitive and detail oriented; communicates complex topics clearly and concisely
• Knowledge of investment products, margin lending, trading, clearing and the related regulations
• You are well-organized and a self-starter able to work independently and manage time to drive initiatives from beginning to end
• Experienced with Excel, Bloomberg, PowerPoint, database queries and analytical tools and methodologies including SQL
• Effectively manages multiple initiatives and responsibilities within prescribed timelines
• Ability to engage interested parties and facilitate discussions and drive outcomes
• Drive innovation with out-of-the box thinking, challenging the status quo, and working with data science to deploy new artificial intelligence techniques