Job Description:

As a Sr. Risk Analyst / Risk Manager in the Credit Risk Vendor Management team you will be responsible for ensuring that all critical third-party vendors currently utilized across the Fidelity complex are in good financial health. As a Sr. Risk Analyst / Risk Manager, you will be in position to collaborate across many lines of business including retail and institutional, fund operations, digital asset servicing, and technology, among others.

The Team

The Fidelity Institutional Credit Risk Vendor 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 financial health assessments for new and existing vendors including both private and public companies. We operate as a cross-functional team advising multiple business units on the financial health of their third-party vendors to ensure continuation of service.

Members of the Credit Risk Vendor Management team are responsible for performing financial reviews on all critical vendors on the platform. This includes careful review of financial statements including cash flows and financial notes as well as performing non-intrusive background checks on the management team and its key principals. Additional tasks include adverse media monitoring, preparation of monthly reports for review with senior management, monitoring of vendors on the vendor monitoring list, coordination with vendor managers and business units, and conducting calls with C-Level members of the vendor.

The Expertise You Have

Bachelor’s degree in Finance, Accounting, Economics or related field required.

4-7 years of brokerage experience preferred with 2+ years of credit risk/analysis experience

Experience with financial statement analysis is required

Strong critical thinking and analytical skills

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

The Skills You Bring

Knowledge of financial statements, including but not limited to cash flow and interest coverage modeling and general knowledge of financial ratios

Familiarity with relevant industry accounting guidelines, i.e., U.S. GAAP and IFRS

General knowledge of Bloomberg terminals, SEC EDGAR, SNL and SalesForce

Strong MS Office skills, especially PowerPoint

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

You are able to work within a large team, have experience navigating a large organization and can build consensus

The Value You Deliver

Review of all new critical vendors on-boarding to the platform

Monitor existing critical vendors to ensure they are in good financial standing

Prepare and analyze a series of reports and presentations that assist with the monitoring and oversight of vendors

Alert business units when a vendor is deemed high risk and an alternative vendor should be engaged/identified

Coordinate meetings and reviews with both internal and external business partners which includes C-Level executives

Maintain proper record retention in SalesForce and VMAP and update policies and procedures as needed

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.