Risk Manager, Operations

Job Description:

The Expertise We’re Looking For

• At least 4-6 years of relevant experience at a broker-dealer, bank or transfer agency and familiarity with common operational functions.  Experience will ideally include risk management, business continuity, regulatory examination, audit or other related functions.
• Strong brokerage business and financial knowledge and the ability to assimilate risk assessment practices and frameworks; project management skills are a plus.
• Technical and/or data expertise to source and analyze data to support operational / business process reviews.

• Expert knowledge of MS office products such as Excel, PowerPoint.
• Bachelor’s Degree required

The Purpose of Your Role

As the Risk Manager, you will fulfill a key role within the Risk Oversight function which includes issue management/resolution, assessment and testing program functions.  This is an individual contributor position supporting the group’s general oversight program which manages incidents and prioritizes and executes in-depth risk and control assessments and/or financial control testing designed to proactively identify and mitigate risks across a diverse set of Institutional business areas.  You will be responsible for executing related reviews and research individually and in partnership with team members.  In addition you will actively participate in team development and contribute to Risk Oversight program goals by sharing subject matter expertise, industry insights, and best practices. 

The Skills You Bring

• You have strong understanding of brokerage, transfer agency and related operational processes.  You have a background in risk management, audit, compliance, accounting, financial, regulatory examination, or a related function.
• You are able to combine your brokerage business and financial product knowledge in sales & trading, clearing, and custody with risk assessment practices.

• You are able to identify inherent risks to the business (operational, financial, market, credit, regulatory, technology) as well as determine residual risks through a range of methods, including control effectiveness assessment and testing.
• You have expertise to source and analyze data to support operational / business / financial process reviews.
• You have strong research and analytical skills.
• You communicate results effectively in writing and verbally, including summarizing complex information succinctly and influencing partners / stakeholders to reach consensus on issues and action plans.
• You are able to drive initiatives independently from inception to completion, and achieve results within prescribed scope and timelines.
• You are experienced leading risk or compliance assessments, audits, conducting control testing, or similar business projects or responsibilities.
• You are familiar with brokerage rules and regulations (FINRA, SEC, Exchanges, etc.) and brokerage billing processes
• You have expert knowledge of MS office products such as Excel, PowerPoint.
• Familiarity with database query and analytics tools/method (e.g. SQL) is a plus.

The Value You Deliver

• Working independently and with team members to conduct research, incident reviews, and risk assessments to effectively assess the risk profile within high risk and highly regulated business areas and drive risk reduction.
• Ability to engage interested parties and facilitate discussions, working sessions, and walkthroughs to accomplish assessment milestones and follow protocols through to completion.
• Analyzing complex processes and data to identify risk areas, determine the effectiveness of controls, and outline control gaps.
• Mining databases and applying analytics tools/methods (e.g. SQL) to aid discovery and testing.
• Recommending risk remediation actions, brokering solutions with management, and driving remediation where appropriate.
• Effectively managing multiple projects and responsibilities within prescribed timelines, including individual as well as team responsibilities.
• Communicating complex issues by distilling them into concise summary reports and presentations.
• Producing high quality management level reporting.

The position can be located in either of Fidelity's offices located in Westlake, TX and Covington, KY.

Note: Fidelity is not providing immigration sponsorship for this position

How Your Work Impacts the Organization

The Fidelity Institutional Risk Oversight Group is responsible for a range of risk management functions within Fidelity Fund and Brokerage Operations & Technology (FBOT) and Fidelity Institutional (FI), the division of Fidelity Investments which offers clearing, custody, investment products, brokerage and trading services to a wide range of financial intermediary firms.  In this role you will conduct risk assessments with a defined scope and objective to identify risks and assess controls, and work with the business to remediate residual risk, including tracking action items through to completion.

Certifications:

Category:Risk

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 every other week (all business days, M-F) in a Fidelity office.