Job Description

Performs credit risk assessments of new and existing counterparties and clients, including but not limited to banks, broker-dealers, hedge funds, registered investment advisers, and corporations. Assesses and evaluates the credit worthiness of bank and broker-dealer counterparties across enterprise platforms, including National Financial Services (NFS), Fidelity Capital Markets, FDIC Sweep, and Treasury. Performs written credit analysis on assigned new and existing bank/broker-dealer counterparts and establishes appropriate credit limits and guidelines based on analysis. Develops and implements credit risk monitoring techniques and assists in the evaluation of new products and trading systems for the business.

Primary Responsibilities:

• Monitors credit and market exposures.
• Collaborates with the trading desks, product teams, treasury, and legal, risk, and compliance partners to resolve issues and support the needs of the business/products.
• Conducts qualitative and quantitative analysis of the firm’s financial condition, products, markets, management strength, and reputational risk.
• Monitors trading line usage for assigned counterparts, identifies issues, and escalates with proposed solutions to senior management.
• Monitors and escalates credit and market exposure, using financial tools to assess, monitor, and measure daily counterparty activity.
• Documents enhancements to existing credit risk policies and procedures and assisting in drafting new policies and procedures as needed.
• Participates in the development, enhancement and testing of risk management systems.
• Mentors junior team members.
• Confers with traders to identify and communicate risks associated with trading strategies or positions.
• Consults financial literature to ensure use of the latest models or statistical techniques.

Education and Experience

Bachelor’s degree in Finance, Economics, Accounting, Enterprise Risk Management, or a closely related field (or foreign education equivalent) and five (5) years of experience as a Senior Manager, Credit Risk (or closely related occupation) performing fundamental credit research and credit analysis of U.S. and international banks and broker dealers.

Or, alternatively, Master’s degree in Finance, Economics, Accounting, Enterprise Risk Management, or a closely related field (or foreign education equivalent) and three (3) years of experience as a Senior Manager, Credit Risk (or closely related occupation) performing fundamental credit research and credit analysis of U.S. and international banks and broker dealers.

Skills and Knowledge

Candidate must also possess:

• Demonstrated Expertise (“DE”) conducting credit analysis reviews on new and existing U.S. and international financial institutions, banks, and broker dealer counterparts, with Capital Adequacy, Asset Quality, Management, Earnings, Liquidity, and Sensitivity (CAMELS) framework, fundamental analysis, application of accounting rules US GAAP, and IFRS.
• DE building credit models using Bloomberg, S&P Capital IQ, Advanced Excel, advanced macros, and Power BI for financing analysis, credit rating matrix, peer analysis, advanced tables and charts, and news flow monitoring.
• DE evaluating the impact of corporate restructuring (mergers, acquisitions, and organization changes) on credit profiles and assessing respective counterparties and industry subsectors, providing impact analysis to senior management; and monitoring news, regulatory enforcements, and market developments impacting regulatory compliance and financial health of firms, to ensure compliance with FDIC, Federal Reserve, SEC, OCC, FINRA, and CFTC regulations.
• DE developing credit risk models for quantitative factors analysis (earnings, liquidity and funding, capital adequacy, asset quality, debt service, and peer group), qualitative factors analysis (franchise strength and diversification, management risk, operating environment, litigation, regulatory, and reputation risks), and corporate and structural analysis; and collaborating with technology team to build dashboard or portal for business needs, and performing validation of data and implementation.

Salary: $146,981.00 to $156,981.00/year.

#PE1M2

#LI-DNI

Certifications:

Category:

Risk

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.