Job Description:

As a Director, you will independently assess and evaluate the credit worthiness of the institutional clients of Fidelity Capital Markets (FCM) Prime Services platform as well as monitor the credit and market exposure to these counterparts. Your role will primarily focus on Hedge Funds but also Asset Managers, Proprietary Trading Firms, Family Offices, Pension Funds and Endowments. You will perform a qualitative and quantitative analysis of the financial condition of the firm, the products and markets in which the firm is engaged, the firm’s investment strategy, the strength of the firm’s management team and whether there is any reputational risk in doing business with the counterpart. You will monitor trading line usage for assigned counterparts, identify issues, and escalate with proposed solutions to the Vice President of Credit Risk as needed.

The Team

The Fidelity Institutional Credit Risk Management Team sits within the Fidelity Enterprise Risk Management organization and is part of the Credit and Counterparty Center of Excellence. The team is responsible for credit risk assessments for new and existing clients including but not limited to banks, broker/dealers, hedge funds, registered investment advisers and corporations.

The Expertise and Skills You Bring

• Bachelor’s degree in finance, economics, or accounting
• 7 – 10 plus years of related credit experience
• MBA a plus
• CFA or CFA Candidacy helpful but not required
• Excellent problem-solving skills
• Your knowledge of Prime Brokerage, Capital Markets products, investment strategies, financial statement analysis and accounting principals
• Strong analytical, written, and oral communication skills that will be leveraged in influencing decisions
• Your ability to work effectively in a trading environment, prioritize workload and contribute as a member of a dynamic, fast paced team
• Your experience with Bloomberg, PowerPoint, Excel, Tableau and Power BI

The Value You Deliver

• 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 the Credit, Collateral and Operational Risk teams and building relationships cross 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
• Supporting the development and training of risk associates within the group

The base salary range for this position is $100,000-$169,000 per year.

Placement in the range will vary based on job responsibilities and scope, geographic location, candidate’s relevant experience, and other factors.

Base salary is only part of the total compensation package. Depending on the position and eligibility requirements, the offer package may also include bonus or other variable compensation.

We offer a wide range of benefits to meet your evolving needs and help you live your best life at work and at home. These benefits include comprehensive health care coverage and emotional well-being support, market-leading retirement, generous paid time off and parental leave, charitable giving employee match program, and educational assistance including student loan repayment, tuition reimbursement, and learning resources to develop your career. Note, the application window closes when the position is filled or unposted.

Certifications: