Job Description:
The Role
This role will require you to establish yourself as the Securities Finance point person for the Fidelity client base across the enterprise. The candidate will manage the relationships as well as provide education & support to internal counterparts and channel clients on all Securities Finance related matters. The business management side of the role touches several aspects within Prime Services - risk, margin, tax, capital efficiency. The role related to these areas will vary on an as needed basis but will include:
Serve as a trusted point of contact for internal risk management functions
Collaborate with product teams and project managers across the organization to align business strategy, drive towards streamlined solutions, and improve client experience
Management of locates, short positions, their rates and profitability
Work towards a thorough understanding of the products and offerings within Prime Services – Examples include Portfolio Margin, Cash Sweep, and Arranged Finance
Execute daily and monthly supervisory tasks for Prime Services and Family Office
Work with business partners across Fidelity’s distribution channels to evaluate new business opportunities
The Expertise and Skills You Bring
Bachelor’s degree in Finance, Economics, or related field required; current/previous roles in Corporate Finance or Accounting
4-6+ years work experience in a related field
Series 7, 24 & 63 and/or progress toward obtaining necessary licenses
Knowledge and understanding of Securities Finance and Prime Brokerage required
Understanding of capital structure, cost of capital, liquidity management, and securities and prime brokerage financing products - margin lending and repo
Experience evaluating counterparty risk, market risk, and liquidity risk in financing transactions
Working knowledge of brokerage regulatory regimes and margin rules
Proficiency building financing models, scenario analyses, and client profitability assessments
Experience working with Trading, Risk, Legal, Treasury, and Operations to deliver client solutions
Ability to work in a deadline-oriented environment managing multiple responsibilities/projects simultaneously
The Team
The Prime Services Business Management group’s responsibilities range from overseeing clients’ Securities Lending / Prime Brokerage activity across the Fidelity enterprise, to management and supervision of the Prime Services business – including operational risk, controls, margin, audit, exception processing, capital usage and exploration of new initiatives
Note: Fidelity will not provide immigration sponsorship for this position.
The base salary range for this position is $110,000 - $185,000 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.
Most roles at Fidelity are Hybrid, requiring associates to work onsite every other week (all business days, M-F) in a Fidelity office. This does not apply to Remote or fully Onsite roles. Some roles may have unique onsite requirements. Please consult with your recruiter for the specific expectations for this position.
Please be advised that Fidelity’s business is governed by the provisions of the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, the Investment Company Act of 1940, ERISA, numerous state laws governing securities, investment and retirement-related financial activities and the rules and regulations of numerous self-regulatory organizations, including FINRA, among others. Those laws and regulations may restrict Fidelity from hiring and/or associating with individuals with certain Criminal Histories.
Certifications:
Series 04 - FINRA, Series 07 - FINRA, Series 24 - FINRA, Series 63 - FINRACategory:
Capital Markets PrimeApply
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Benefits that balance life and work
From our fully paid parent leave to our on-site health and wellness centers, our benefits support the belief that more balance you have, the better you can achieve your goals.
Company overview
Company overview
At Fidelity, we are passionate about making our financial expertise broadly accessible and effective in helping people live the lives they want. We are a privately held company that places a high degree of value in creating and nurturing a work environment that attracts the best talent and reflects our commitment to our associates. We are proud of our diverse and inclusive workplace where we respect and value our associates for their unique perspectives and experience.
Reasonable accommodations
Fidelity will reasonably accommodate applicants with disabilities who need adjustments to participate in the application or interview process. To initiate a request for an accommodation contact the HR Accommodation Team by sending an email to accommodations@fmr.com, or by calling 800-835-5099, prompt 2, option 3.
Equal opportunity employer
Fidelity Investments is an equal opportunity employer. We believe that the most effective way to attract, develop, and retain a diverse workforce is to build an enduring culture of inclusion and belonging.
Hybrid work schedule
Fidelity’s hybrid working model blends the best of both onsite and offsite work experiences. Working onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most hybrid roles require associates to work onsite all business days of every other week in a Fidelity office.
Applicant screening
At Fidelity, we value honesty, integrity, and the safety of our associates and customers within a heavily regulated industry. Certain roles may require candidates to go through a preliminary credit check during the screening process. Candidates who are presented with a Fidelity offer will need to go through a background investigation and may be asked to provide additional documentation as requested. This investigation includes but is not limited to a criminal, civil litigations and regulatory review, employment, education, and credit review (role dependent). These investigations will account for 7 years or more of history, depending on the role. Where permitted by federal or state law, Fidelity will also conduct a pre-employment drug screen, which will review for the following substances: Amphetamines, THC (marijuana), cocaine, opiates, phencyclidine.