Job Description:
The Role
This role will require you to establish yourself as the Securities Finance point person for the Fidelity client base across the enterprise - IWS, FFOS, PWI, and NF. You will manage the relationships as well as provide education & support to internal counterparts and channel clients on all Securities Finance related matters. The business management side of the role touches several aspects within Prime Services - risk, margin, tax, capital efficiency. Your role related to these areas will vary on an as needed basis but will include:
- Management of locates, short positions, their rates and profitability.
- Collaborate with product teams and project managers across the organization to align business strategy, drive towards streamlined solutions, and improve client experience.
- Work towards a thorough understanding of the products and offerings within Prime Services - Examples include Portfolio Margin, Cash Sweep, and Arranged Finance
- Help perform daily and monthly supervisory tasks for Prime Services and Family Office
- Serve as a trusted point of contact for internal risk management functions
- Work with business partners across the channels to evaluate new business opportunities
The Expertise and Skills You Bring
- Bachelor's degree required
- Series 7, 24 & 63 and/or progress toward obtaining necessary licenses
- Knowledge and understanding of Securities Finance and Prime Brokerage required
- 2+ years' experience in brokerage or Risk preferred
- Strong knowledge of Microsoft Office Applications (Excel/PowerPoint)
- Team oriented, strong attention to detail and interpersonal skills
- Ability to work in a deadline-oriented environment managing multiple responsibilities/projects simultaneously
The Team
The Prime Services Business Management group's responsibilities range from overseeing clients' Securities Lending / Prime Brokerage activity across the Fidelity enterprise, to management and supervision of the Prime Services business - including operational risk, controls, margin, audit, exception processing, capital usage and exploration of new initiatives.
Certifications:
Category:
Capital Markets Prime
Fidelity's working model blends the best of working offsite with maximizing time together in person to meet associate and business needs. Currently, most hybrid roles require associates to work onsite all business days of one assigned week per four-week period (beginning in September 2024, the requirement will be two full assigned weeks).
What We Do
At Fidelity, our goal is to make financial expertise broadly accessible and effective in helping people live the lives they want. We do this by focusing on a diverse set of customers: - from 23 million people investing their life savings, to 20,000 businesses managing their employee benefits to 10,000 advisors needing innovative technology to invest their clients’ money. We offer investment management, retirement planning, portfolio guidance, brokerage, and many other financial products.
Privately held for nearly 70 years, we’ve always believed by providing investors with access to the information and expertise, we can help them achieve better results. That’s been our approach- innovative yet personal, compassionate yet responsible, grounded by a tireless work ethic—it is the heart of the Fidelity way.
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