Manager/Senior Manager - Credit Risk Analyst

Title                     Manager/ Senior Manager – Credit Risk Analyst

Department   Investment Risk

Location           Dublin

Reports To      Irina Grosu, Counterparty Risk/ Investment Risk

Level                   5/6

We’re proud to have been helping our clients build better financial futures for over 50 years. How have we achieved this? By working together - and supporting each other - all over the world. So, join our Global Risk team and feel like you’re part of something bigger.

Our clients come from all walks of life and so do we.  We are proud of our inclusive culture and encourage applications from the widest mix of talent, whatever your age, gender, ethnicity, sexual orientation, gender identity, social background and more.

As a flexible employer, we trust our people to perform their role in the way that works best for them, our clients and our business. We are a disability-friendly company and would welcome a conversation with you if you feel you might benefit from any reasonable adjustments to perform to the best of your ability during the recruitment process and beyond.

About your team

The Global Risk team in Fidelity covers the management oversight of Fidelity’s risk profile including key risk frameworks, policies and procedures and oversight and challenge processes. The team partners with the businesses to ensure Fidelity manages its risk profile within defined risk appetite.

The team is comprised of risk specialists covering all facets of risk management including investment, financial, non-financial and strategic risk. Part of a broader General Counsel team, the Risk team collaborates closely with colleagues from Compliance, Legal, Tax and Corporate Sustainability teams.

About your role

This role provides oversight and assurance regarding the financial health of key third-party suppliers and other counterparties to the Fidelity ecosystem in all applicable jurisdictions, as well as providing support and cross-training opportunities from the larger Investment Risk team.

You will support the Supplier Relationship Managers / Accountable Executives for approximately 150 Strategic Suppliers in the initial appraisal, ongoing monitoring and periodic re-assessment of their financial risk. You will manage this portfolio to ensure that the result of analysis can be quickly communicated to allow for early action, taking into account both market events and internal business reviews with each supplier. You will lead the initial financial assessment of new Strategic Suppliers, as part of the onboarding process and act as the first point of contact for internal queries in this respect.

This credit analysis will comprise both market monitoring and detailed financial due diligence meetings with suppliers using their financial statements, investor relations materials and other data sources, supplemented with management calls etc. To support this activity, you will develop tools, processes and models, leveraging AI where useful, to provide as-near-to-possible to ‘real time’ financial performance monitoring, deploying a data-driven approach to proactively flag any emerging risks, and recommending internal risk ratings based on your analysis.

On a regular basis, you will prepare clear and concise credit memos and risk summaries for internal stakeholders in order to support timely decision-making. You will also provide at least quarterly updates to various governance forums on relevant strategic vendors.

While supplier financial risk will be the focus on the role, you will also be expected to integrate into the Counterparty Risk team, looking at wider fund credit risk exposures; and build relationships within the wider Investment Risk department covering cross-risk activities.

You will need to be able to work effectively as part of a matrix organization and develop an effective network with colleagues across the Finance, Global Procurement and Global Risk teams to support broader goals and objectives as required. You will also be able to use your expertise to assist in the development and enhancement of financial risk frameworks and tools used in third party assessments, and drive implementation of their financial health aspects.

About you

You will

·         Have experience of credit risk within Asset Management, Banking, or external ratings agencies, ideally with respect to corporate analysis in a diverse range of industries

·         Aptitude to using AI and technology

·         Be ‘financially literate’, experiences in the interpretation of financial statements and similar

·         Have, or be progressing towards, appropriate financial professional qualifications, such as CFA, FRM or ACCA

·         Be proficient in Excel and financial modelling; experience with risk systems and scorecards is a plus

·         Have strong analytical and problem-solving skills, be proactive and show initiative

·         Have great written and communication skills

·         Have excellent attention to detail

Feel rewarded

For starters, we’ll offer you a comprehensive benefits package. We’ll value your wellbeing and support your development. And we’ll be as flexible as we can about where and when you work – finding a balance that works for all of us. It’s all part of our commitment to making you feel motivated by the work you do and happy to be part of our team. For more about our work, our approach to dynamic working and how you could build your future here, visit careers.fidelityinternational.com.

For more about our work, our approach to dynamic working and how you could build your future here, visit careers.fidelityinternational.com.

As an international financial services organisation, we are in-scope of international regulations in the way that we carry out our work. This position is involved in work that is regulated by the FCA and/or the PRA and their Individual Conduct Rules (COCON) apply to it, along with any other regulation. We provide training on COCON and how it affects our employees. More information about COCON can be found in the Employment Handbook.