Job Description:
The Role
The primary objective of this role is to protect the firm from losses related to customer trading and borrowing activities across all lines of business while delivering outstanding customer service. You will be responsible for market risk analysis and monitoring to identify risks that exceed internal parameters and then helping to drive the issues to resolution.
The Expertise You Bring
- Bachelor's degree in Finance or related field
- 3+ years business experience within a large-scale financial services environment
- Series 7 preferred
- Proven understanding of the brokerage business, operations & accounting, margin and option strategies
- Must be able to demonstrate strong investigative and analytical skills
The Skills You Bring
- You have a strong sense of accountability and ownership in your work
- You are a proactive, driven leader with the ability to operate effectively from the conceptual stage through to a successful implementation
- You have strong analytical, influencing, and interpersonal relationship skills
- You demonstrate the ability to make timely, informed decisions that advance critical priorities, capitalize on new opportunities, and resolve problems
- You have excellent relationship and partnership skills to build networks across organizations
- You have the ability to effectively communicate complex concepts to influence key decision-makers through a combination of knowledge, reasoning, and relationships
- You demonstrate expert analysis and decision making skills
- You have excellent presentation skills and the ability to communicate effectively up, down, and across the organization
- You are able to present complex information in a way that is easy for others to understand and articulate a point of view in a compelling and succinct manner
The Value You Deliver
- Monitoring and analyzing of margin and cash accounts triggered by real-time trading, securities/money movement activities and market volatility while mitigating exposure
- Ensuring customer accounts maintain sufficient capital to withstand a wide range of probable and possible market conditions/events
- Communicating directly with all lines of business on account escalations
- Monitoring of Correspondent Proprietary trading and allocation accounts
- Overseeing Correspondent Capital Markets trading activity trade-away
- Assisting in evaluating real-time exception requests across the Market Access program
- Coordinating with other risk groups and team members when reviewing escalated Micro-Cap exceptions
- Daily Reporting and tracking of risk processes, and exceptions
The Team
The candidate will join a dynamic and closely-knit Market Risk Team working in Jersey City. The team watches the markets closely, evaluates and interprets financial and statistical information and is responsible for assisting in the development, enhancement and testing of the risk management system. The team works closely with business partners and other risk and control functions.
Note: Fidelity is not providing immigration sponsorship for this position
The base salary range for this position is $67,000-$105,000 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.
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.
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.