Director, Margin

Job Description:

The Team

The Margin Department is part of Fidelity’s Operations & Services Group (OSG) which provides outstanding customer service to Fidelity's brokerage businesses through innovation, and commitment to excellence. With seven operating divisions located throughout the country, OSG provides securities execution, clearance, custody and information management services to retail, institutional, and correspondent clients.

The Role

The Margin Project/Line Director will lead margin-related product development, product enhancements and other projects by serving as a subject-matter-expert on the firm’s credit policies.  Qualified candidates should possess the ability to think independently and make time sensitive decisions with minimal guidance.  The Margin Director should be able to resolve difficult situations and provide creative solutions while working within regulatory guidelines.  In this role, the candidate will work with business and technology groups in providing direction for the technology development of projects from initiation to production installation. 

Primary Responsibilities

• Apply margin expertise to identify solutions that improve our products

• Analyze data and develop data-visualizations and reporting

• Manage product backlogs and work with minimum-viable-product definitions

• Use SQL and reporting tools such as business objects or Tableau to pull ad-hoc data and create reports

• Develop automation that improves customer service, reduces risk and reduces costs.  This involves working in cooperation with technology groups that support our business while writing business requirements, creating visual designs, verifying accuracy and transitioning automation to users.

• Establish and maintain strong relationships with various business and technology partners

• Collaborate with systems partners to create use cases and test scripts

• Design, supervise and execute user acceptance testing of margin projects and production validation.

• Drive program planning, including identification, definition and prioritization of deliverables

• Work closely with the business and subsystem owners to define and formalize project scope and requirements

• Establish resource plans and work collaboratively with technology partners to deliver solutions and participate in production validation of system installs.

• Develop and implement quality solutions, communications and training materials that meet or exceed business needs

Education and Experience

• College Degree preferred or equivalent work experience

• 10+ years of margin experience or product management experience

Skills and Knowledge

• Series 4, 7, 63 preferred

• Knowledge of Regulation T, FINRA Rule 4210 and Rule 15c3-3

• Knowledge of multi-leg options strategies

• Knowledge of Microsoft Office applications and Visual Basic

• Background in analyzing data and developing data visualizations and reporting

• Proficient using SQL, Oracle and Snowflake

• Prior experience with reporting tools such as business objects or Tableau is a plus

• High level of proficiency with Access, Excel and pivot tables.

• Experience managing product backlogs and  working with minimum viable product definitions

The base salary range for this position is $85,000-$144,000 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.  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:

Category:Brokerage Operations