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Manager, Credit Risk
Manager, Credit RiskFidelity • Boston, MA, US
Manager, Credit Risk

Manager, Credit Risk

Fidelity • Boston, MA, US
2 days ago
Job type
  • Full-time
Job description

Manager Credit Risk

As a Manager Credit Risk, you will independently assess and evaluate the credit worthiness of bank and broker-dealer counterparties across Fidelity platforms, primarily including National Financial Services (NFS, which includes Fidelity Capital Markets), FDIC Bank Sweep, Treasury, and Enterprise Services. You will also monitor the credit and market exposure to these counterparts. 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 strength of the firm's management team and whether there is any reputational risk in doing business with the counterpart. You will monitor credit limit usage for assigned counterparts, identify issues, and escalate with proposed solutions to the Vice President of Credit Risk as needed.

The Expertise and Skills You Bring :

  • Bachelor's degree in finance, economics, or accounting
  • 4+ years of related credit experience
  • MBA a plus
  • CFA or CFA Candidacy helpful but not required, or willingness to obtain
  • Your knowledge of bank / broker-dealer industry, capital markets products, and financial statement analysis
  • 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
  • Strong teammate who is proactive, takes initiative, and communicates effectively with others
  • Your experience with Bloomberg, S&P Capital IQ, PowerPoint, Excel, Tableau / Power BI a plus

The Value You Deliver :

  • Performing written credit analysis on assigned new and existing bank / broker-dealer counterparts and establishing appropriate credit limits and guidelines based on analysis
  • Monitoring and escalating credit and market exposure as necessary, utilizing various financial tools to assess, monitor, and measure daily counterparty activity
  • Collaborating with the FCM trading desks, product teams, middle and back offices, treasury, as well as legal, risk, compliance partners to resolve issues and support the needs of the business / products
  • 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 Fidelity Institutional (FI) 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 of new and existing counterparties / clients including but not limited to banks, broker-dealers, hedge funds, registered investment advisers and corporations.

    Note : Fidelity is not providing immigration sponsorship for this position

    The base salary range for this position is $80,000-153,000 USD 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.

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    Credit Risk Manager • Boston, MA, US

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