Job Description:

Credit Risk Analyst

The Credit & Counterparty Risk Center of Excellence is a dynamic team responsible for the new business due diligence and ongoing client monitoring programs for the clearing, custody, and prime channels at Fidelity, in addition to providing cross-organizational vendor financial health assessment support and advisory support on credit and counterparty due diligence questions.

The Credit Risk Analyst position will be responsible for supporting new business due diligence and ongoing risk monitoring processes for the Custody, Family Office and FIWA channels. This role will provide the right candidate with an opportunity to gain exposure to a variety of business functions and make an impact within a critical and highly visible organization.

The Expertise We’re Looking For

• Bachelor’s degree required (business, economics, finance, or related field preferred)
• 2-4 years of relevant experience in risk management, internal audit, compliance, or business operations in the financial services industry preferred
• Strong brokerage business and financial knowledge and the ability to assimilate risk assessment practices and frameworks
• Your ability to optimally prioritize day-to-day responsibilities and longer-term projects in a fast-paced and complicated environment
• Excellent verbal and written communication skills
• Ability to build and maintain positive relationships with internal and external business partners
• Strong collaboration skills and energy to drive constructive dialogue with internal and external business partners and clients

The Skills You Bring

• Basic to intermediate understanding of brokerage, custody, and related operational processes
• You are a creative problem solver with a curiosity driven by current technology trends, and are interested in applying new technology-based solutions to drive efficiencies when and where applicable
• You lead initiatives independently with minimal oversight from inception to completion and achieve results within prescribed scope and timelines
• Maintain strong relationships with colleagues and consistently demonstrate effective communication with team and key business partners
• Possess a solid understanding of common analytical, reporting, and visualization tools and methods

The Value You Deliver

• Working independently and with colleagues to conduct reviews to assess the risk profile of current and prospective clients within high risk and highly regulated business areas and recommend action to drive risk reduction
• Ability to engage stakeholders across a heavily matrixed organization and facilitate discussions, working sessions, and walkthroughs to accomplish risk goals and follow issues through to resolution
• Recommending risk remediation actions, brokering solutions with management, and driving remediation where appropriate
• Leading multiple projects and responsibilities within prescribed timelines, including individual as well as team responsibilities
• Continuously improving our programs to exceed the pace of the prevailing technology, industry, and regulatory environments

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.

Fidelity's hybrid working model blends the best of both onsite and offsite work experiences. Working onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most hybrid roles require associates to work onsite every other week (all business days, M-F) in a Fidelity office.

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, we have been recognized by our employees as a top 10 Best Place to Work in 2024. 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.

Fidelity's hybrid working model blends the best of both onsite and offsite work experiences. Having the majority of our associates work onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most roles listed as Hybrid will require associates to work onsite all business days of every other week in a Fidelity office. This does not apply to roles listed as Remote or Onsite.

At Fidelity, we value honesty, integrity, and the safety of our associates and customers within a heavily regulated industry. Certain roles may require candidates to go through a preliminary credit check during the screening process. Candidates who are presented with a Fidelity offer will need to go through a background investigation, detailed in this document, and may be asked to provide additional documentation as requested. This investigation includes but is not limited to a criminal, civil litigations and regulatory review, employment, education, and credit review (role dependent). These investigations will account for 7 years or more of history, depending on the role. Where permitted by federal or state law, Fidelity will also conduct a pre-employment drug screen, which will review for the following substances: Amphetamines, THC (marijuana), cocaine, opiates, phencyclidine.

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 Accommodation Team by sending an email to accommodations@fmr.com.