Job Description:

The Role

As Credit Risk Analyst, your role will be to ensure the Risk organization and Fidelity Institutional have a thorough understanding of advisor and family office business models, trading strategies, and that we bring on and retain clients that adhere to the Fidelity’s high standards of business conduct. You will become a member of a dynamic team responsible for assessing and overseeing the credit risk profile of new and existing Fidelity Institutional Custody clients (RIAs, TPAs, Banks/Trusts), Family Office clients (MFO/RIAs, SFOs, and WFs), and Fidelity Institutional Wealth Adviser LLC (“FIWA”) clients and investment managers. This includes assisting with the review of prospective clients, governance and oversight of existing clients, and strategic initiatives to support these clients.

You will also be responsible for ensuring that all Fidelity clients adhere to the current alternative investment policies and guidelines, which involves collaboration with the FI Product group, Operations, Legal, other risk groups, and key representatives from the impacted business lines including Fidelity Retail as well as Fidelity Institutional – Clearing and Custody, Family Office Services and Fidelity Capital Markets. This includes performing due diligence on new and existing alternative investment assets on the platform; carefully reviewing existing documentation as well as performing non-intrusive background checks on the issuer and its key principals. Additional tasks may include preparation of key monthly reports for review with senior management, monitoring of existing policies and enforcement actions of any violations to current policy.

The Expertise and Skills You Bring

Bachelor’s degree required

Professional securities industry licenses or industry certifications (e.g., Series 7, CAIA) or desire to obtain them preferred

Interest in learning and developing risk management skills

Strong critical thinking and analytical skills with problem solving orientation

Strong team player who takes initiative, builds consensus, and works constructively with others

Ability to work on multiple tasks and manage multiple priorities and workload

Strong presentation, written, and interpersonal communication skills

You are a good listener, take notes well and are a self-starter looking to develop your knowledge of the securities and wealth management industry, including the RIA and family office businesses

Knowledge of Alternative Investment products including REITs, Private LP, LLC, Registered funds, private common stock, a plus

Familiarity with relevant industry regulations and requirements preferred (e.g. Advisers Act, Custody Rule, SEC guidance)

You have a hands-on work style and a “can do” attitude with a strong bias for action and attention to details

You are able to work within a large team, have the ability to navigate a large organization and can build consensus

You approach interactions with all levels of organization professionally and can manage expectations from business partners

You are able to ask sensitive questions in a reasoned and thoughtful way

You are able to continually prioritize and re-prioritize work based on what is needed at any given moment and set and meet expectations appropriately

The Value You Deliver

Collaborate with the team and colleagues in Sales and Relationship Management and SMEs across the enterprise in the profiling and risk review of Fidelity Institutional and FIWA clients

Work within the business to facilitate the identification and resolution of risk issues

Escalate significant risk issues and propose viable solutions and alternatives

Be a resource for the business for risk department policy questions and concerns

Think strategically to come up with and execute on solutions to enhance existing risk monitoring processes

Work with the business and LRC to ensure new and existing programs and platforms offered to our clients are sound from a risk perspective

The Team

The Fidelity Institutional Credit Risk Management Team sits within the Fidelity Legal, Risk and Compliance 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 broker/dealers, registered investment advisers and family office clients. We operate as a cross-functional team setting the standards for the firm in relation to new business acceptance and ongoing client monitoring.

Certifications:

Company Overview

Fidelity Investments is a privately held company with a mission to strengthen the financial well-being of our clients. We help people invest and plan for their future. We assist companies and non-profit organizations in delivering benefits to their employees. And we provide institutions and independent advisors with investment and technology solutions to help invest their own clients’ money.

Join Us

At Fidelity, you’ll find endless opportunities to build a meaningful career that positively impacts peoples’ lives, including yours. You can take advantage of flexible benefits that support you through every stage of your career, empowering you to thrive at work and at home. Honored with a Glassdoor Employees’ Choice Award(opens in a new tab), we have been recognized by our employees as a Best Place to Work in 2022. And you don’t need a finance background to succeed at Fidelity—we offer a range of opportunities for learning so you can build the career you’ve always imagined.

As a result of COVID-19, many of our associates are continuing to work remotely. When Fidelity employees eventually return to the office, our goal is for most people to work flexibly in a way that balances both personal and business needs with time onsite and offsite through what we’re calling “Dynamic Working(opens in a new tab).”

We invite you to Find Your Fidelity at fidelitycareers.com.

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.

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 Leave of Absence/Accommodation Team by sending an email to accommodations @fmr.com, or by calling 800-835-5099, prompt 2, option 2.